Exhibit 10.27

AMENDMENT TO EMPLOYMENT AGREEMENT

This AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT is entered into the
1st day of May, 2010, between Conseco Services, LLC (the “Company”) and
Christopher J. Nickele (“Executive”).

Recitals

A. The Company and Executive entered into an Amended and Restated Employment
Agreement dated as of November 1, 2009 (the “Agreement”).

B. The Company and Executive desire to further amend the Agreement to make the
changes set forth herein.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
contained herein, the receipt and sufficiency of which are hereby acknowledged:

1.  
Section 3 of the Agreement is hereby amended in its entirety to read as follows:

Duties.  During the Term, Executive shall be engaged by the Company in the
capacity of President, Other CNO Business and Executive Vice President, Product
Management or in such other senior executive capacity as the Chief Executive
Officer of Conseco shall specify.  Executive shall report to the Chief Executive
Officer of Conseco or such other senior executive officer as the Chief Executive
Officer of Conseco may specify regarding the performance of his duties.
 
 
2.  
The first sentence of Section 5(a) of the Agreement is hereby amended in its
entirety to read as follows:

As compensation for services hereunder rendered during the term hereof,
Executive shall receive a base salary (“Base Salary”) of Three Hundred Fifty
Thousand Dollars ($350,000) per year payable in equal installments in accordance
with the Company’s payroll procedure for its salaried executives.

3.  
The first sentence of Section 5(b) of the Agreement is hereby amended in its
entirety to read as follows:

In addition to Base Salary, Executive will have an opportunity to earn a bonus
each year, as determined by the Company, with a target annual bonus equal to
100% of Executive’s Base Salary (the “Target Bonus”) and a maximum annual bonus
of 200% of Executive’s Base Salary with respect to any calendar year, with such
bonus payable at such

 
 
 

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time that other similar payments are made to other Company executives but in no
event later than March 15 of the year following the year with respect to which
such bonus was payable, unless the bonus amounts to be paid cannot be confirmed
and paid on or before March 15, in which event the bonuses will be paid within
15 days after the bonus amounts have been confirmed by the Company.

4.  
All provisions of the Agreement not amended hereby shall remain in full force
and effect.

IN WITNESS WHEREOF, the parties have executed this Amendment to Employment
Agreement as of the date first above written.

 
CONSECO SERVICES, LLC
         
By: /s/ Edward J. Bonach
 
Printed:  Edward J. Bonach
 
Title:  President
         
 /s/ Christopher J. Nickele
 
Christopher J. Nickele