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Conseco Worksite Introduces Two New Supplemental Health Products
Critical Illness and Short-Term Disability Products Expand Conseco’s Worksite Product Portfolio

Carmel, Ind. March 21, 2008 - Conseco Worksite has introduced two new supplemental health insurance products for the employer group market: Conseco Worksite Critical Illness and Conseco Wage GuardSM. Both products are issued by Conseco Insurance Company, a life and health insurance company.

Dan Bardin, president of the Conseco insurance companies, said, “We are excited to enhance our worksite product portfolio with these two new products. Conseco Worksite Critical Illness and Conseco Wage Guard present an opportunity for brokers to approach new and existing employer groups, while earning competitive commissions and enjoying easy-to-quote shelf rates.”

Conseco Worksite Critical Illness offers lump-sum benefits for today’s most common critical illnesses, including cancer, cardiovascular disease and major organ transplants. The product is available in three simple plan designs: cancer-only coverage, a critical illness without cancer coverage, and a critical illness with cancer coverage.

Conseco Worksite Critical Illness offers benefit amounts up to $75,000 (in $5,000 increments,) and guaranteed issue for coverage up to $20,000. Benefits are paid for diagnoses in three Health Diagnosis Categories (HDCs): heart attack, stroke; end-stage renal failure, major organ transplant and loss of sight; and cancer. The coverage pays first diagnosis and recurrence benefits in each HDC. A return-of-premium or cash-value rider is available in certain states, and guaranteed issue is available for employer groups that meet minimum participation levels.

Conseco Wage Guard is a voluntary short-term disability product that pays weekly income benefits in the event of total disability caused by qualified sickness or injury. This product provides two plan choices offering both nonoccupational and 24-hour coverage, allowing employers to tailor coverage to meet employee needs and budgets.

Conseco Wage Guard pays benefit amounts of $70 – $1,700 per week, purchased in $10 increments. Guaranteed issue is available for groups that meet the participation requirement of 25% of eligible employees, with a maximum $700 weekly benefit amount. In many cases, underwriting pre-approval is not required for guaranteed-issue groups of fewer than 500 employees. Initial rates are guaranteed for two years.

For convenience and streamlined enrollment, Conseco has created a single application that allows agents and brokers to enroll both products – critical illness and short-term disability – at the same time.

Conseco Worksite is a dedicated sales division of the Conseco insurance companies, specializing in workplace-related insurance products. Agents who are interested in partnering with Conseco Worksite or learning more about Conseco’s supplemental health products should visit

The Conseco insurance group, comprised of the insurance company subsidiaries of Conseco, Inc. (NYSE: CNO) based in Carmel, Indiana, serves over 2 million customers across America. The Conseco insurance companies offer supplemental health and life insurance products and annuities to working families and seniors. Visit us at

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