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Lincoln National Corporation is a Fortune 200 American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies.
In 1936 Lincoln Life and Accident Insurance Company, a Muskogee or Oklahoma City, Oklahoma insurance company merged with Income Life of Louisville, Kentucky, under the name of Lincoln Income Life Insurance Company. The company was acquired by Conseco in 1986 and was merged with another of Conseco's companies Bankers National Life Insurance Company.
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 .
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.
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Due to anti-German sentiment that arose from World War I, the German American National Bank became Lincoln National Bank on May 31, 1918. The choice of Lincoln as a name was appealing. Not only was it a very American name, [ 3 ] the thriving Lincoln National Life Insurance Company —also founded in 1905—was down the street.
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