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CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is an American financial services holding company based in Carmel, Indiana. [4] Its insurance subsidiaries provide life insurance , annuity and supplemental health insurance products to more than four million customers in the United States .
The company has faced several lawsuits in which they were accused of denying claims to seniors[2] and both Conseco and Bankers have been noted as having a particularly high amount of complaints among long-term care clients: in 2005, Conseco had one complaint for every 383 such policyholders,[2] whereas, according to 2005 statistics, Genworth ...
Conseco bought Colonial Penn from Leucadia in 1997, [5] and in 1998 renamed it Conseco Direct Life to reflect Conseco ownership. [6] In 2001, Conseco reverted to the Colonial Penn name, which remains a subsidiary of the renamed CNO Financial Group with Bankers Life and the Washington National Insurance Company .
Yes, if a policyholder misrepresents their smoking status on their application, a life insurance company can deny the claim. If an insurer discovers that the individual was a smoker but claimed to ...
From April to June, the Financial Ombudsman Service received 3,869 complaints about car and motorcycle insurance and 1,776 buildings cover cases. From April to June, the Financial Ombudsman ...
But there it sits in Indiana, a 36-room home called Le Chateau Renaissance, built by Conseco insurance company founder Stephen Hilbert and his wife, Tomisue Hilbert, for $35 million.
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Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.