Lincoln Income Life Insurance Company, originally Income Life Insurance of Kentucky was an insurance corporation based in

Louisville, Kentucky Louisville ( , , ) is the largest city in the Commonwealth of Kentucky and the 28th most-populous city in the United States. Louisville is the historical seat and, since 2003, the nominal seat of Jefferson County, on the Indiana border ...

. It provided

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

accident insurance Accident insurance is a type of insurance where the policy holder is paid directly in the event of an accident resulting in injury of the insured. The insured can spend the benefit payment however they choose. Accident insurance is complementary to ...

, and fire insurance for over 70 years until it was acquired in 1986 by

Conseco CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation)) is a financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental he ...

History

Income Life Insurance Company of

was incorporated in 1928 and began business in 1929. Initial paid in capital was $158,580 and was increased in 1930 to $192,630. Capital was reduced in 1931 to $129,690 and to $100,150 in 1932. In 1936 capital was increased to $101,522. In 1933 this company reinsured the Dixie-Atlas-Republic Insurance Company,

Nashville, Tennessee Nashville is the capital city of the U.S. state of Tennessee and the county seat, seat of Davidson County, Tennessee, Davidson County. With a population of 689,447 at the 2020 United States census, 2020 U.S. census, Nashville is the List of muni ...

. In 1936 Lincoln Life and Accident Insurance Company, a Muskogee or

Oklahoma City, Oklahoma Oklahoma City (), officially the City of Oklahoma City, and often shortened to OKC, is the capital and largest city of the U.S. state of Oklahoma. The county seat of Oklahoma County, it ranks 20th among United States cities in population, and ...

insurance company merged with Income Life of

, under the name of Lincoln Income Life Insurance Company. The company was acquired by

in 1986 and was merged with another of Conseco's companies ''Bankers National Life Insurance Company''. Bankers National Life Insurance Company was subsequently merged into ''Washington National Insurance Company''.

History

See also