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Fineis Joins Conseco as Senior Vice President

Carmel, Ind., June 2, 2006 -- Conseco, Inc. (NYSE: CNO) today announced that Thomas Fineis has joined the company as senior vice president, health valuation actuary.

"I'm pleased to welcome Tom to Conseco as part of our leadership team," said James Hohmann, Conseco's Interim President and CEO. "Beyond his vast financial and valuation experience, his standing as a leading professional in the industry demonstrates our continued commitment to excellence."

As senior vice president, Fineis is primarily responsible for managing Conseco's health valuation function on an enterprise-wide basis, overseeing activities at Conseco Insurance Group, Bankers Life and Casualty Company, and Colonial Penn Life Insurance Company.

Fineis previously spent 21 years at Ernst & Young LLP, the last 10 as principal, where his primary responsibilities included life, health and annuity insurance consulting and actuarial audit-support services. He has extensive experience in financial reporting, projections and modeling, corporate transactions and modeling, and business process improvement. He has also held positions at Bruce and Bruce Co., and Bankers Life and Casualty Company. Fineis holds a BA in mathematics from Illinois Benedictine College, is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a Fellow of the Life Management Institute.

Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, heart/stroke and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures.

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