Exhibit 99.1

NEWS

For Release       Immediate

Contacts          (News Media) Tony Zehnder, EVP, Corporate Communications
                  312.396.7086
                  (Investors) Scott Galovic, Senior Director, Investor Relations
                  317.817.3228


   Conseco Life Insurance Company and the Florida Office of Insurance agree to
                               enter discussions

Carmel, Ind., January 9, 2009 - Conseco Life Insurance Company (Conseco Life)
today announced it has filed a Request for Hearing preserving its rights in
response to the Florida Office of Insurance Regulation's December 22, 2008 Order
to Show Cause. The company and Florida also have agreed to enter discussions
regarding issues related to a group of universal life insurance policies issued
in Florida and identified in the order.

Universal life policies give policyholders the flexibility to vary their premium
payments and still maintain insurance coverage. Due to an administrative
platform issue at Conseco Life, some policyholders, over a period of years, paid
lower premiums, or no premiums, because they did not receive notice that
additional premiums were due. No policyholder received diminished benefits under
their contract because of the company's error.

Conseco Life brought this issue to the attention of regulators, is working to
correct it, and, with the concurrence of the Indiana Department of Insurance,
Conseco Life's home-state regulator, has implemented a 90-day nationwide
moratorium on further action on these policies. All Lifetrend policyholders in
Florida and elsewhere have been notified and will continue to receive the full
benefits of their policies while discussions continue.

Conseco, Inc.'s insurance companies help protect working American families and
seniors from financial adversity: Medicare supplement, long-term care, cancer,
heart/stroke and accident policies protect people against major unplanned
expenses; annuities and life insurance products help people plan for their
financial futures. For more information, visit Conseco's web site at
http://www.conseco.com/.

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