Profile: CNO Financial Group Inc (CNO)
19 Nov 2018
CNO Financial Group, Inc., incorporated on March 25, 2003, is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company's segments include Bankers Life, Washington National and Colonial Penn. It sells health insurance, annuity, individual life insurance and other insurance products through three primary distribution channels: career agents, independent producers and direct marketing.
The Company offers products in various categories, including health, annuities and life insurance. The health products include Medicare supplement, long-term care, prescription drug plan and Medicare advantage, supplemental health products and other health products. The annuities products include fixed index annuities and other fixed interest annuities. The life insurance products include interest-sensitive life products and traditional life products.
Medicare is a federal health insurance program for disabled persons and seniors. The Company sells long-term care plans to retirees and, to a lesser degree, to older self-employed individuals in the middle-income market. The Other Fixed Interest Annuities include fixed rate single-premium deferred annuities (SPDAs), flexible premium deferred annuities (FPDAs) and single-premium immediate annuities (SPIAs). The Company offers traditional life policies, including whole life, graded benefit life, term life and single premium whole life products, which are marketed through independent producers, career agents and direct response marketing.
The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a field force of career agents, financial and investment advisors, and sales manager. The Bankers Life segment includes the business of Bankers Life and Casualty Company (Bankers Life). It also has various distribution and marketing agreements with other insurance companies to use its career agents to distribute Medicare Advantage and prescription drug plans (PDP) products.
The Washington National segment markets and distributes supplemental health, including specified disease, accident and hospital indemnity insurance products and life insurance to middle-income consumers at home and at the worksite. These products are marketed through its subsidiary, Performance Matters Associates, Inc. and through independent marketing organizations and insurance agencies, including worksite marketing.
The Colonial Penn segment markets graded benefit and simplified issue life insurance to customers in the senior middle-income market through television advertising, direct mail, the Internet and telemarketing. The Colonial Penn segment includes the business of Colonial Penn Life Insurance Company.
The Company competes with Northwestern Mutual, Mutual of Omaha, New York Life, Genworth, Blue Cross and Blue Shield Plans, United HealthCare, Gerber Life, MetLife, Massachusetts Mutual Life Insurance Company, Torchmark Corporation, Allstate, Colonial Life and Accident Company, and AFLAC.
CNO Financial Group Inc
11825 N PENNSYLVANIA ST
CARMEL IN 46032