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Through its subsidiaries, CNO Financial sells life insurance, supplemental health insurance and extended benefits coverage. The company also has a subsidiary devoted to providing investment advice for retirees and individuals on fixed incomes.
The target market of all Conseco products are middle-income retirees. As the Baby Boom generation moves into retirement, CNO Financial Group expects its customer base to grow accordingly. Its various subsidiaries distribute their policies through independent agencies, the company’s website and direct mailings to targeted customers.
Conseco Insurance Products
CNO Financial Group has several subsidiaries that offer different products to its customers. The Bankers Insurance subsidiary provides life and casualty insurance to retirees. Products include life insurance, long-term care insurance and Medicare supplements.
Colonial Penn Life Insurance is a direct-sales company providing life insurance to its customers. Washington National Insurance Company offers annuities, life insurance, extended benefits coverage, accident insurance and Medicare supplemental. Through its Conseco brand, CNO Financial also offers health insurance products. Policies are offered through employers or directly to interested consumers.
Finally, the company’s 40|86 Advisors branch offers financial advice for retirees. This investment advice is geared toward individuals on a fixed income and covers a range of financial products from bonds and securities to mortgages and loans.
Conseco Consumer Complaints
Conseco Insurance is not accredited with the Better Business Bureau. It is however listed on the BBB website with an A+ rating. In the past three years, only 34 complaints have been made against the company – twelve of which have been closed within the past 12 months. Of the complaints listed on the BBB website, the vast majority have been made against the company’s products or services; a smaller number of complaints are made against the company’s billing or collections department.
Conseco Financial Rating
A.M. Best Rating A-
Fitch Rating BBB+
S & P Rating – BBB+
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