Historic Jury Ruling Grants $211 Million to Life Insurance Policyholders in Major CNO Financial Overcharge Case
Indianapolis, Ind. — A significant jury verdict has led to potential damages exceeding $211 million in a class action lawsuit involving CNO Financial Group, Inc. and CNO Services, LLC, centered on alleged overcharges to life insurance policyholders. The case, regarding “LifeTrend” policies issued by Conseco Life Insurance Company, a former subsidiary of CNO, was brought forth by around 2,000 policyholders. On June 18, 2025, jurors found in favor of lead plaintiffs William “Jeff” Burnett and Dr. Joe Camp, awarding them substantial damages for breach of contract. The jury employed a damages model that favored the … Read more