Exhibit 21

Subsidiaries of Conseco, Inc.

Name State or Other Jurisdiction
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Conseco Risk Management, Inc. Indiana
40|86 Advisors, Inc. Delaware
Conseco Equity Sales, Inc. Texas
Design Benefit Plans, Inc. Illinois
NAL Financial Group, Inc. Delaware
CDOC, Inc. Delaware
CTIHC, Inc. Delaware
Conseco Securities, Inc. Delaware
K. F. Insurance Agency of Massachusetts, Inc. Massachusetts
K. F. Agency, Inc. Illinois
Administrators Service Corporation Illinois
Eagles' National Corporation Kentucky
Conseco Teleservices, Inc. Delaware
Hawthorne Advertising Agency, Incorporated Pennsylvania
PL Holdings, Inc. Nevada
Conseco Travel & Event Services, Inc. Colorado
Integrated Networks, Inc. Illinois
Design Securities Corporation Delaware
Geneva International Insurance Company, Inc. Turks and Caicos
Business Information Group, Inc. Illinois
Independent Processing Services, Inc. Delaware
General Acceptance Corporation Reinsurance Limited Turks and Caicos
American Life and Casualty Marketing Division Co. Iowa
Conseco Group Risk Management Company Mississippi
Target Ad Group, Inc. Illinois
Conseco Private Capital Group, Inc. Indiana
Conseco Global Investments, Inc. Delaware
40|86 Mortgage Capital, Inc. Delaware
Conseco Management Services Company Texas
Conseco Services, LLC Indiana
Conseco Marketing, L.L.C. Indiana
Conseco Entertainment, Inc. Indiana
Conseco L.L.C. Delaware
Conseco Data Services (India) Private Limited India
Codelinks, LLC Indiana

Name State or Other Jurisdiction
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CNC Entertainment Nevada, Inc. Nevada
Conseco Health Services, Inc. Pennsylvania
CNC Real Estate, Inc. Delaware
Performance Matters Associates, Inc. Delaware
Performance Matters Associates of Texas, Inc. Texas
Automobile Underwriters Corporation Iowa
Direct Financial Services, Inc. Illinois
Erie International Insurance Company, Inc. Turks and Caicos
Association Management Corporation Illinois
Conseco Life Insurance Company of Texas Texas
Colonial Penn Life Insurance Company Pennsylvania
C.P. Real Estate Services Corp. New Jersey
Eagle Mortgage Company, Inc. Arkansas
Conseco Health Insurance Company Arizona
Conseco Senior Health Insurance Company Pennsylvania
Conseco Life Insurance Company of New York New York
Washington National Insurance Company Illinois
Conseco Life Insurance Company Indiana
Conseco Insurance Company Illinois
Washington National Development Company Delaware
Bankers Life Insurance Company of Illinois Illinois
Bankers Life and Casualty Company Illinois
BLC Financial Services, Inc. Illinois
Falls Holding of Delaware, Inc. Delaware
Carmel Fifth, LLC Delaware
ResortPort Holding of Delaware, Inc. Delaware
3037953 Nova Scotia Company Nova Scotia