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Conseco May Close Major Medical Unit

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NU Online News Service, Feb. 13, 11:15 a.m. – Conseco Inc., Carmel, Ind., plans to shut down its medical insurance unit, Conseco Medical Insurance Company, Rockford, Ill., the company says.

Conseco Medical provides coverage for 40,000 people in 20 states under the Conseco Medical, Pioneer Life and Washington National brand names.

The shutdown of the major medical operation will have no effect on sales of long-term care insurance or Medicare supplement insurance, a spokeswoman says.