Conseco to Implement Systems and Operational Solution From Long Term ...( CARMEL Ind. Nov. 28 /- Conseco In...),Health

CARMEL, Ind., Nov. 28 /PRNewswire-FirstCall/ -- Conseco, Inc. (NYSE: CNO) said today that it has agreed to implement a systems and operational solution provided by Long Term Care Group, Inc. (LTCG) for certain back-office functions of the long term care business in its Other Business in Run-off segment. Conseco announced earlier this year that it was considering this solution. Under the agreement:

-- LTCG will assume responsibility for the customer call center and the

processing of continuing claims and other transactions for the 170,000

long term care policies in the Other Business in Run-off segment. The

parties expect that LTCG will migrate all claims to its systems by

early 2009, and all policy administration to its systems by 2010.

Conseco employees currently performing these functions will become

employees of LTCG.

-- For these policies, Conseco will retain responsibility for initial

claim decisions, claim appeals, and financial reporting, and the

Conseco employees currently performing these functions will remain

with the company.

-- Conseco will retain all the affected policies on its books, and will

also retain responsibility for all processing functions related to the

long term care policies issued by its Bankers Life and Casualty

subsidiary.

Conseco CEO Jim Prieur said, "This is an important step in improving the performance of the long term care business in the Other Business in Run-off segment. By expanding our relationship with LTCG to further leverage LTCG's systems and service expertise, we will better manage this business and better serve our customers."

"Conseco's management team is totally committed to providing excellent service and proper claims handling to their valued policyholders," said Peter Goldstein, LTCG President. "We are proud to have been chosen to help achieve that go
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