CNO
- CNO Financial Group, Inc.
()
Overview
Company Summary
CNO Financial Group, Inc., commonly known as CNO, is a financial services holding company based in the United States. The company focuses on providing insurance solutions primarily to senior citizens and individuals who are nearing retirement.
CNO operates through three primary subsidiaries: Bankers Life, Colonial Penn, and Washington National.
1. Bankers Life: Bankers Life specializes in offering health and life insurance products to middle-income individuals who are in or near retirement. They provide a variety of insurance plans, including long-term care insurance, Medicare supplement insurance, annuities, and life insurance.
2. Colonial Penn: Colonial Penn is primarily known for its life insurance products. Their coverage options cater to customers of all ages, but they particularly emphasize final expense life insurance, which helps cover funeral and burial costs for individuals and their families.
3. Washington National: Washington National focuses on offering supplemental health and life insurance products. These plans provide additional coverage for medical expenses, critical illness, accidents, and disability.
CNO primarily operates in the United States and has a large network of agents and agencies nationwide who distribute their insurance products. Their target market is individuals who are seeking insurance coverage as they approach retirement or have specific insurance needs later in life.
In addition to providing insurance products, CNO also offers various services to assist customers. These services typically include education and resources to help individuals understand their insurance options and make informed decisions.
Overall, CNO Financial Group, Inc. serves a niche market by specializing in insurance products targeted at senior citizens, retirees, and individuals approaching retirement, helping them ensure financial stability and security during their later years.