CNO Financial Group

CNO Financial Group, Inc. is an American cash related organizations holding association arranged in Carmel, Indiana. CNO's assurance helpers give additional security, annuity and supplemental restorative scope things to more than four million customers in the United States. These things are spread through self-ruling administrators, livelihood experts and direct to customers through TV advancing and post office based mail.CNO is at this moment situated 608 on the Fortune 1000 with 2014 livelihoods of $4.1 billion.In April of 2014 CNO was situated primary 50 most trusted budgetary foundations by Forbes.CNO was joined in 1979 as Conseco, Inc. It began assurance operations in 1982 and transformed into an open association in 1985.In 1986 Conseco picked up Lincoln Income Life Insurance Company for $29 per offer or $32.3 mil. Shearson Lehman Brothers incited Lincoln Income Life Insurance. Earlier, in mid-1985, Lincoln had assented to be obtained by I.C.H. for $31 per offer in genuine cash yet the merger couldn't be finished as the Kentucky Department of Insurance raised grievances to certain costs which Lincoln would have obtained in the merger. Lincoln furthermore got a merger recommendation from Redgate in 1985. Satisfied by its equation

for picking up and improving protection organizations, Conseco wandered up its obtainment tries in 1986. It obtained Bankers National Life Insurance Company for $118 million, independently.In 1998, Conseco procured the past Greentree Financial, one of the greatest banks of trailers, attempting to separate into purchaser cash related organizations. They moreover obtained additional security association Colonial Penn before long, changing their name to Conseco Direct Life, however changing the name back to Colonial Penn in 2001 (known as Bankers Conseco Life Insurance Company in New York state). Conseco (however not its assistant protection organizations) entered Chapter 11 improvement in 2002 and rose nine months afterward in 2003. Conseco's indebtedness was the third-greatest U.S. Section 11 recording at the time, after the insolvencies of WorldCom Inc. besides, amid the time spent overhaul, GreenTree was stripped and starting there Conseco solely based on the insurance business.CNO's CEO is Edward Bonach. He joined the association in May 2007 as the CFO and got the chance to be CEO in October 2011. Bonach is furthermore a person from CNO's Board of Directors. CNO is the watchman association of seven protection organizations, including Bankers Life and Casualty Company and Colonial Penn Life Insurance Company. CNO in like manner cases 40|86 Advisors, a theory organization association and Washington National Insurance Company.On May 11, 2010, the representing body definitively embraced changing the holding association's name to CNO Financial Group.