content: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     -----------
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                         Pursuant to Section 13 or 15 (d) of
                         the Securities Exchange Act of 1934
  
                                     -----------
  
         Date of Report (Date of earliest event reported): February 21, 2002
  
  
                                    CONSECO, INC.
               (Exact name of registrant as specified in its charter)
  
  
     Indiana                                  1-9250               35-1468632
  ----------------------                   ----------------     --------------
  (State or other                          (Commission          (I.R.S. Employer
  jurisdiction of                          File Number)        Identification No.)
  organization)
  
  11825 North Pennsylvania Street
          Carmel, Indiana                                             46032
  --------------------------------------                            ----------
  (Address of principal executive offices)                          (Zip Code)
  
                                   (317) 817-6100
                              -------------------------
                (Registrant's telephone number, including area code)
  
  
                                   Not Applicable
                           (Former name or former address,
                           if changed since last report.)
  
  
  <PAGE>
  
  Item 5. Other Events
  
           As previously reported, Conseco, Inc. (the "Company") has a securities
  case pending in the United States District Court for the Southern District of
  Indiana, captioned: "In Re Conseco, Inc. Securities Litigation", cause number
  IP00-585-C-Y/S involving consolidated claims under Sections 10(b) and 20(a) of
  the Securities Exchange Act of 1934, and Sections 11, 12(a)(2), and 15 of the
  Securities Act of 1933, with respect to common stock and various other
  securities issued by the Company and Conseco Financing Trust VII.
  
           On January 10, 2002, the Company entered into a Memorandum of
  Understanding (the "MOU") to settle the consolidated securities cases that are
  pending in the United States District Court for the Southern District of Indiana
  for $120 million subject to court approval. Under the MOU, as amended on
  February 12, 2002, $106 million must be placed in escrow by March 8, 2002. The
  remaining $14 million is due in two installments: $6 million by April 1, 2002,
  and $8 million by October 1, 2002 (all payments with interest from January 25,
  2002). Unless the Company's directors and officers insurance carriers pay the
  full $100 million in coverage that applies to the securities cases, the Company
  does not expect to consummate the settlement.
  
           As previously reported, the Company has commenced a lawsuit against the
  insurance carriers in Marion County Circuit Court in Indianapolis, Indiana
  (Conseco, Inc., et. al. v. National Union Fire Insurance Company of Pittsburgh,
  PA., Royal Insurance Company of America, Westchester Fire Insurance Company, RLI
  Insurance, Greenwich Insurance Company and HSBC Insurance Brokers Limited, Cause
  No. 49C010106CP001467) seeking, among other things, a judicial declaration that
  coverage for the claims made in the lawsuit exists. The primary insurance
  carrier, National Union Fire Insurance Co. of Pittsburgh, PA, has paid its full
  $10 million in policy proceeds toward the settlement; in return, National Union
  has been released from the coverage litigation pending in state court in Marion
  County, Indiana. The first excess insurance carrier, Royal Insurance Company,
  has placed its full $15 million in policy proceeds in escrow toward the
  settlement, although Royal is reserving its rights to continue to review and
  litigate its obligations under its policy. The remaining excess carriers have
  not committed to pay or escrow their collective $75 million in policy proceeds
  toward the settlement, although they have advised the Company that they are
  continuing to investigate the Company's claim. There can be no assurance that
  the insurance carriers, other than the primary carrier, will pay their policy
  proceeds toward the settlement. If they do not do so by March 8, 2002, the
  plaintiffs have advised us that they will terminate the settlement, and the
  securities litigation will proceed. Should that occur, there can be no assurance
  that the securities litigation can be resolved for $120 million, and the Company
  will proceed with its coverage litigation in Marion County, Indiana, against
  those carriers that caused the settlement to terminate.
  
  
  <PAGE>
  
  
           Pursuant to the requirements of the Securities Exchange Act of
  1934, the registrant has duly caused this report to be signed on its behalf by
  the undersigned hereunto duly authorized.
  
  
                                          CONSECO, INC.
  
  DATE:  February 21, 2002
  
  
                                          By:  /s/ Charles B. Chokel
                                               -----------------------------------
                                               Name:   Charles B. Chokel
                                               Title:  Executive Vice President
                                                         and Chief Financial
                                                         Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "secur.txt", "description": "FORM 8-K", "secsgml_size_bytes": 5436}]
metadata_filer: {"company-data": {"conformed-name": "CONSECO INC", "cik": "0000719241", "assigned-sic": "6321", "irs-number": "351468632", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09250", "film-number": "02554796"}, "business-address": {"street1": "11825 N PENNSYLVANIA ST", "city": "CARMEL", "state": "IN", "zip": "46032", "phone": "3178176100"}, "mail-address": {"street1": "11825 N PENNSYLVANIA ST", "city": "CARMEL", "state": "IN", "zip": "46032"}, "former-company": {"former-conformed-name": "SECURITY NATIONAL OF INDIANA CORP", "date-changed": "19840207"}}
text: UNITED STATES
                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                     -----------
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                         Pursuant to Section 13 or 15 (d) of
                         the Securities Exchange Act of 1934
  
                                     -----------
  
         Date of Report (Date of earliest event reported): February 21, 2002
  
                                    CONSECO, INC.
               (Exact name of registrant as specified in its charter)
  
     Indiana                                  1-9250               35-1468632
  ----------------------                   ----------------     --------------
  (State or other                          (Commission          (I.R.S. Employer
  jurisdiction of                          File Number)        Identification No.)
  organization)
  
  11825 North Pennsylvania Street
          Carmel, Indiana                                             46032
  --------------------------------------                            ----------
  (Address of principal executive offices)                          (Zip Code)
  
                                   (317) 817-6100
                              -------------------------
                (Registrant's telephone number, including area code)
  
                                   Not Applicable
                           (Former name or former address,
                           if changed since last report.)
  Item 5. Other Events
  
           As previously reported, Conseco, Inc. (the "Company") has a securities
  case pending in the United States District Court for the Southern District of
  Indiana, captioned: "In Re Conseco, Inc. Securities Litigation", cause number
  IP00-585-C-Y/S involving consolidated claims under Sections 10(b) and 20(a) of
  the Securities Exchange Act of 1934, and Sections 11, 12(a)(2), and 15 of the
  Securities Act of 1933, with respect to common stock and various other
  securities issued by the Company and Conseco Financing Trust VII.
  
           On January 10, 2002, the Company entered into a Memorandum of
  Understanding (the "MOU") to settle the consolidated securities cases that are
  pending in the United States District Court for the Southern District of Indiana
  for $120 million subject to court approval. Under the MOU, as amended on
  February 12, 2002, $106 million must be placed in escrow by March 8, 2002. The
  remaining $14 million is due in two installments: $6 million by April 1, 2002,
  and $8 million by October 1, 2002 (all payments with interest from January 25,
  2002). Unless the Company's directors and officers insurance carriers pay the
  full $100 million in coverage that applies to the securities cases, the Company
  does not expect to consummate the settlement.
  
           As previously reported, the Company has commenced a lawsuit against the
  insurance carriers in Marion County Circuit Court in Indianapolis, Indiana
  (Conseco, Inc., et. al. v. National Union Fire Insurance Company of Pittsburgh,
  PA., Royal Insurance Company of America, Westchester Fire Insurance Company, RLI
  Insurance, Greenwich Insurance Company and HSBC Insurance Brokers Limited, Cause
  No. 49C010106CP001467) seeking, among other things, a judicial declaration that
  coverage for the claims made in the lawsuit exists. The primary insurance
  carrier, National Union Fire Insurance Co. of Pittsburgh, PA, has paid its full
  $10 million in policy proceeds toward the settlement; in return, National Union
  has been released from the coverage litigation pending in state court in Marion
  County, Indiana. The first excess insurance carrier, Royal Insurance Company,
  has placed its full $15 million in policy proceeds in escrow toward the
  settlement, although Royal is reserving its rights to continue to review and
  litigate its obligations under its policy. The remaining excess carriers have
  not committed to pay or escrow their collective $75 million in policy proceeds
  toward the settlement, although they have advised the Company that they are
  continuing to investigate the Company's claim. There can be no assurance that
  the insurance carriers, other than the primary carrier, will pay their policy
  proceeds toward the settlement. If they do not do so by March 8, 2002, the
  plaintiffs have advised us that they will terminate the settlement, and the
  securities litigation will proceed. Should that occur, there can be no assurance
  that the securities litigation can be resolved for $120 million, and the Company
  will proceed with its coverage litigation in Marion County, Indiana, against
  those carriers that caused the settlement to terminate.
  Pursuant to the requirements of the Securities Exchange Act of
  1934, the registrant has duly caused this report to be signed on its behalf by
  the undersigned hereunto duly authorized.
  
                                          CONSECO, INC.
  
  DATE:  February 21, 2002
  
                                          By:  /s/ Charles B. Chokel
                                               -----------------------------------
                                               Name:   Charles B. Chokel
                                               Title:  Executive Vice President
                                                         and Chief Financial
                                                         Officer