	conseco cnc to buy beneficial bnl unit conseco inc said it has signed a definitive agreement to uire western national life insurance co from beneficial corp for mln dlrs in cash western national had assets of billion dlrs at the end of and premium and investment revenues western issues structured settlement annuities for the settlement of personal injury and damage claims and sells tax sheltered annuities the uisition is subject to regulatory approval conseco said the uisition would raise its assets to billion dlrs and annual revenues to about mln dlrs beneficial had previously announced plans to leave the insurance business on march three it said it agreed in principle to sell its american centennial insurance co beneficial international insurance co consolidated marine and general insurance co ltd consolidated life assurance co ltd wesco insurance co and service general insurance co subsidiaries to a management led group for mln dlrs in notes mostly contingent on performance of the units and mln dlrs in cash conseco had operating earnings of dlrs on revenues of mln dlrs reuter 
