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TOM NEAVINS NAMED CHIEF ACTUARY OF BANKERS LIFE AND CASUALTY COMPANY AND COLONIAL PENN LIFE INSURANCE

Thursday, July 14, 2005

CHICAGO (July 14, 2005) - Tom Neavins, 61, has been named chief actuary of Bankers Life and Casualty Company, Chicago, and its sister company, Colonial Penn Life Insurance Company of Philadelphia.

"Tom's extensive experience managing product development, valuation and reinsurance activities makes him a great choice to lead the actuarial department at Bankers and Colonial Penn," said Executive Vice President and Chief Administrative Officer James Hohmann.

Neavins joined Bankers in 2004 as vice president of Life and Annuity Product Risk Management. Before coming to Bankers, Neavins was senior vice president of Individual Products at Mutual of Omaha, and has held positions with Irish Life of North America, Interstate Assurance Company and other insurance organizations.

He earned both B.S. and M.S. degrees from Marquette University, Milwaukee.

About Bankers Life and Casualty Company

Established in 1879 and headquartered at the historic Merchandise Mart in downtown Chicago, Bankers Life and Casualty Company focuses exclusively on the financial security needs of seniors. The company offers a broad portfolio of health and life insurance and retirement savings products designed especially for seniors. These products are distributed through a national network of professionally trained company agents. Visit us online at www.bankers.com.

Contact: Linda Heacox
312-396-7666
l.heacox@banklife.com

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