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Farley Joins Conseco as Senior Vice President, Annuity and Life Actuary

CARMEL, Ind., June 12 /PRNewswire-FirstCall/ -- Conseco, Inc. (NYSE: CNO) announced that Michael Farley has joined the company as senior vice president, annuity and life actuary. He reports to Ed Bonach, Conseco's chief financial officer.

Farley, 45, joins Conseco from ING Re, where he served from 2001 to 2007 as chief financial officer and chief insurance risk officer. From 2000 to 2001 he served as the senior vice president, chief actuary and CFO of the Long Term Care Division of Allianz Life Insurance Company. He also held the chief actuary position at LifeUSA Insurance Company and various other positions at Allianz Life Insurance Company and Federated Life Insurance Company during his 23-year insurance career.

"Mike is a valuable asset for our actuarial and financial management team," Bonach said, "His experience makes him a natural fit for Conseco, and he will certainly give us an operational advantage as we move forward."

A Fellow of the Society of Actuaries and a member of the American Academy of Actuaries (AAA), Mr. Farley earned a Bachelor of Science in chemistry with a mathematics minor from St. John's University in Minnesota. He has also served as a president and as an officer for the Twin Cities Actuarial Club, is a current director on the board of Feed My Starving Children, a Minnesota- based non-profit organization, and has been a delegate for the White House Conference on Aging.

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. For more information, visit Conseco's web site at .

SOURCE: Conseco, Inc.

CONTACT: Media Wilson, Corporate Communications, +1-317-817-3768

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