Conseco Insurance Group is ``Official Insurance Sponsor'' of Latin GRAMMYs.

Business Editors

INDIANAPOLIS--(BUSINESS WIRE)--July 24, 2002

The Conseco Insurance Group (CIG) has signed a two-year sponsorship agreement with the Latin Academy of Recording Arts & Sciences(R) to sponsor the Latin GRAMMY(R) Awards. As part of the agreement, CIG has secured "Official Insurance Sponsor" status, beginning with the 3rd Annual Latin GRAMMY Awards.

"We see the Latin GRAMMY Awards as an ideal platform for reaching out to Hispanic customers across the country," said CIG president Elizabeth Georgakopoulos. "We're out to spread the news about our commitment to providing quality financial products and services to Spanish-speaking consumers."

Conseco has built a strong platform for serving Hispanic consumers' insurance needs, including upbeat Spanish-language marketing literature as well as Spanish-speaking sales representatives and customer service professionals.

At the center of this platform is www.consecoenespanol.com, an expansive, interactive Spanish-language Web site. The site is strongly educational in focus, providing valuable insights into sound financial planning for all stages of life. Visitors learn how to determine their financial needs, using such tools as Spanish-language financial assessment calculators and simple health questionnaires.

Earlier this year, the Conseco Insurance Group launched its marketing focus at the local level by supporting cultural events in key markets across the country: Calle Ocho and Sunday on the Mile in Miami, Fiesta Broadway in Los Angeles, and Cinco de Mayo in Dallas. Over the next few years, CIG plans to enter additional cities at the grass-roots level, showing support in those areas of the country which have a strong Hispanic presence.

Georgakopoulos continued, "We are thrilled to partner with such a quality organization as the Latin Recording Academy. This sponsorship is an important first step for us on a national scope. With it, we are demonstrating our long-term commitment to serving our country's growing Hispanic population."

Be sure to visit www.grammy.com today for the announcement of this year's Latin GRAMMY Award nominees. The 3rd Annual Latin GRAMMY Awards will be broadcast domestically by CBS on September 18, 2002, 9 - 11 p.m. (ET/PT).

The Conseco Insurance Group consists of Conseco Health Insurance Company, Conseco Senior Health Insurance Company, Conseco Life Insurance Company, Conseco Annuity Assurance Company, and Conseco Variable Insurance Company. All are wholly owned indirect subsidiaries of Conseco, Inc. With $93.1 billion in total managed assets, Conseco, Inc. (NYSE:CNC) is a market leader in insurance, investment and lending products for middle America. Conseco is an insurance and financial services organization headquartered in suburban Indianapolis, Ind. Conseco is helping 13 million customers to step up to a better, more secure future. Please visit www.consecoenespanol.com.

The Latin Recording Academy is a membership-based organization comprised of recording artists, musicians, producers and other creative and technical recording professionals who are dedicated to improving the quality of life and cultural conditions for Latin music and its makers. In addition to producing the Latin GRAMMY Awards to honor excellence in the recording arts and sciences, the Latin Recording Academy provides educational and human services programs in Latin countries. For more information about the Latin Recording Academy, please visit the Academy's Web site at www.grammy.com/latin_academy/. For information about the GRAMMY Awards process, please visit www.grammy.com/awards/grammy/process.html.