Conseco was incorporated in 1979, began operations in 1982 and became a public company in 1985. Today, Conseco reaches out to more than 50 million potential customer households across America. Conseco is headquartered in Indianapolis, Indiana and pursues a mission of becoming a leading provider of financial security for life, health and retirement needs of middle market Americans.
The Coneseco Final Expense product, otherwise known as Conseco Providence, is a simplified solution for your clients' final expenses. With Conseco Final Expense, your clients can choose a benefit amount from $5,000 to as much as $30,000 to provide for their final wishes. The following are additional benefits you can convey to your clients:
- Conseco Providence helps ease the financial burden placed on your family in their time of turmoil and loss
- Benefits can be used to pay the cost of your final expenses, including burial, to suit your wishes
- Level premium rates are guaranteed for life—there are no surprise premium hikes to shake up your budget
- Your Conseco Providence builds a cash value over time, allowing you to borrow from it to help fund a college education, pay down debt or cover unexpected expenses
- Payment from the policy goes directly to the beneficiary you select
- The application is simple and easy to complete; you just answer a short list of yes-or-no questions
Conseco Final Expense Specifications
- Direct payment of benefits to named beneficiary
- Guaranteed premiums that will never increase
- Long-term, cash-value buildup
- Routine medical exam not required
- Graded benefits may be available for those who do not qualify for the level benefit
- Issue ages (age last birthday)
50–85 level benefit
50–80 graded benefit
- Available Accelerated Benefit rider
- Available Accidental Death Benefit rider
- Loan privileges available (maximum loan amount is the cash surrender value)
- Minimum death benefit—$5,000
- Maximum death benefit for Level option
Issue ages 50–69: $30,000
Issue ages 70–85: $15,000
- Maximum death benefit for Graded option
Issue ages 50-69: $30,000
Issue ages
Male, non-tobacco 70-77: $15,000
Male, tobacco 70-73: $15,000
Female, non-tobacco 70-80: $15,000
Female, tobacco 70-78: $15,000
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