Bankers Life and Casualty Company, Colonial Penn Life Insurance Company and Washington National Insurance Company are subsidiaries of the company formerly known as Conseco, and each offers a different method to sign up for life insurance on its website or through insurance agents, according to official websites for the three companies. Conseco operates as CNO Financial Group as of 2010 and offers life insurance through its subsidiaries.
Colonial Penn offers instant quotes and guaranteed coverage for some of the policies it sells and has term-life coverage for $50,000 available for policyholders up to age 90, explains its website. Whole-life insurance policies are available to people between the ages of 40 and 75 and feature a locked-in premium that does not increase with age. To purchase coverage, potential buyers fill out a web form for an instant quote and follow-up from the company.
Bankers Life and Casualty Company sells its life insurance policies through its agents. Bankers' website features a search tool so insurance shoppers can contact a local agent to complete the insurance purchase. Bankers' policies are available in term-life, whole-life and universal-life formats. Bankers explains that term life is usually the most affordable type of coverage, while universal life is a flexible savings vehicle that can be used during a policyholder's lifetime. Washington National offers the same types of policies as Bankers, but uses a Contact Me form on its website to send potential policyholders' information to independent agents for follow-up.