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                                                                 Exhibit 10.1.23

                              CONSULTING AGREEMENT


     This Consulting Agreement made and entered into as of April 28, 2000 by and
between Rollin M. Dick ("Consultant") and Conseco, Inc. ("Conseco").

                                    RECITALS

     A. Conseco seeks to retain by contract a qualified Consultant to provide
certain consulting services to Conseco related to the businesses of Conseco and
its affiliates; and

     B. Consultant has the necessary educational and business expertise to enter
into this Consulting Agreement for the rendition of consulting services pursuant
to the terms and conditions of this Agreement.

                                    AGREEMENT

     Now therefore, in consideration of the foregoing Recitals and the mutual
promises and covenants contained herein and each act done pursuant thereto, the
parties hereby agree as follows:

     1. Term. The consulting period under this Agreement commences as of the
date of this Agreement and shall continue for 3 years.

     2. Consulting Services. Conseco hereby engages Consultant to serve as a
consultant to Conseco, and Consultant hereby accepts such engagement, all in
accordance with and subject to the terms and conditions contained herein. The
Consultant hereby agrees to consult with Conseco by providing up to an average
of 25 hours per month giving financial and business advice and other consulting
services as may be reasonably requested by Conseco from time to time
("Services"). The Consultant shall perform the Services in a professional and
businesslike manner, and within guidelines established by Conseco, and the
Consultant shall comply with all applicable laws. The Consultant shall exercise
diligence and shall devote such time and effort as is required to properly and
timely perform the Services.

     3. Representations. Consultant represents and warrants that Consultant is
not subject to any noncompetition or nondisclosure agreements, covenants or
restrictions or other agreements that would conflict with or prohibit Consultant
from providing any services hereunder. Conseco enters into this Agreement in
reliance upon such representations and warranties.



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     4. Compensation and Other Provisions.

     A. Conseco shall pay Consultant the amount of $1,000 per year, payable
monthly.

     B. Conseco shall, at its expense, provide Consultant with health and dental
insurance coverage comparable to that provided to Conseco's Executive Officers
during the term hereof.

     C. During the term hereof, Consultant shall be entitled to the use of
Conseco's jet aircraft so long as Conseco maintains aircraft for corporate use
for up to 10 round trips per year, subject to availability. Consultant shall
schedule such use at mutually convenient times and shall reimburse Conseco for
such use on the same basis as Conseco charges its Executives for such use.

     D. Conseco shall reimburse Consultant for reasonable out-of-pocket expenses
(such as travel, entertainment and long-distance telephone expenses) which may
be incurred by Consultant directly in the performance of the Services at the
request of Conseco and after submission of written documentation by Consultant
reasonably satisfactory to Conseco.

     5. Ownership of Work Product.

     A. All the know-how, innovations, product ideas, inventions, discoveries,
improvements, procedures, programs, computer programs and specifications which
have been or may be developed, conceived or reduced to practice during the term
of this Agreement, whether or not in concert with other employees or shown or
delivered to Conseco, which are related to any services provided by Consultant
hereunder whether or not they are eligible for patent, copyright, trademark,
trade secret or other legal protection, shall be the property of Conseco, and
Consultant hereby assigns and transfers to Conseco all of its right, title and
interest in and to the same. Consultant agrees to execute, acknowledge, and
deliver to Conseco such documents of transfer and take such other actions, at
Conseco's expense, that Conseco may reasonably request.

     B. Consultant will communicate to Conseco promptly any new product ideas
and all improvements Consultant makes or conceives (either solely or jointly
with others) during the term of this Agreement and conceived by Consultant
within a period of one (1) year thereafter (the "Period") if based on or related
to the confidential information of Conseco described in this Agreement, work or
research of Conseco or which results from or suggested by any work Consultant
may do for Conseco.

     C. The work product of the Services or any additional services under this
Agreement shall be owned solely and exclusively by Conseco and Consultant will
not have any rights with respect to the work product. To that end, Consultant
acknowledges and agrees that all such work product is considered to be "work
made for hire" and the exclusive property of Conseco. To the extent any of the
work product is not considered "work made for hire" under applicable law,
Consultant hereby assigns to Conseco all right, title, and interest in and to
its rights to such work

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product. Consultant agrees to execute, acknowledge, and deliver to Conseco such
documents of transfer and take such other actions, at Conseco's expense, that
Conseco may reasonably request. Further, Consultant warrants to Conseco that all
such work product shall be the original work of Consultant and that Consultant
shall not infringe any third party's rights (including intellectual property
rights); and Consultant agrees to indemnify, defend, and hold Conseco harmless
from and against any and all claims of infringement. For the purposes of this
Agreement, the term "work product" shall mean the actual data and tangible
materials provided to Conseco as a result of Services pursuant to this
Agreement, and all the means, methods, processes and concepts which Consultant
utilizes in creating such data and tangible materials.

     6. Confidential Information.

     A. Consultant acknowledges that in and as a result of his engagement with
Conseco, he has been and will be making use of, acquiring and/or adding to
confidential or proprietary information of Conseco of a special and unique
nature and value. As a material inducement to Conseco to enter into this
Agreement and to pay to Consultant the compensation stated in Section 4,
Consultant covenants and agrees that he shall not, at any time during or
following the term of his engagement, directly or indirectly, divulge or
disclose for any purpose whatsoever, any confidential or proprietary information
that has been obtained by or disclosed to him as a result of his engagement with
Conseco or any work product defined in Section 5, (collectively, "Information")
except to the extent that such Information (a) becomes a matter of public record
or is published in a newspaper, magazine or other periodical available to the
general public, other than as a result of any act or omission of Consultant, (b)
is required to be disclosed by any law, regulation or order of any court or
regulatory commission, department or agency, provided that Consultant gives
prompt notice of such requirement to Conseco to enable Conseco to seek an
appropriate protective order or confidential treatment, or (c) is necessary to
perform properly Consultant's duties under this Agreement.

     B. Consultant agrees that Consultant's obligation of confidentiality shall
survive the cancellation or expiration of this Agreement for so long as is
necessary to give effect to the express confidentiality provisions of this
Agreement. Also, Consultant agrees not to disclose to any other person the fact
that the Information has been made available or developed or any of the terms,
conditions, or other facts relating to this Agreement, except as required by
applicable law, in which case Consultant will provide Conseco with prior written
notice so that Conseco may have the opportunity to seek an appropriate
protective order.

     7. Covenants Against Competition and Solicitation. Consultant acknowledges
that the services he is to render to the Company are of a special and unusual
character, with a unique value to the Company, the loss of which cannot
adequately be compensated by damages or an action at law. In view of the unique
value to the Company of the services of Consultant for which the Company has
contracted hereunder, because of the confidential information to be obtained by,
or disclosed to, Consultant as hereinabove set forth, and as a material
inducement to the Company to enter into this Agreement and to pay to Consultant
the compensation stated in Section 4, as well as any additional benefits stated
herein, and other good and valuable consideration, Consultant covenants and
agrees that throughout the term hereof, Consultant shall

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not, directly or indirectly, anywhere in the United States of America (i) render
any services, as an agent, independent contractor, consultant or otherwise, or
become employed or compensated by, any other corporation, person or entity
engaged in the business of selling or providing life, accident or health
insurance products or services; (ii) render any services, as an agent,
independent contractor, consultant or otherwise, or become employed or
compensated by, any other corporation, person or entity engaged in the business
of selling or providing any lending or other financial products or services that
are competitive with the lending or other financial products or services sold or
provided by the Company or its subsidiaries, (iii) in any manner compete with
the Company or any of its subsidiaries; (iv) solicit or attempt to convert to
other insurance carriers, finance companies or other corporations, persons or
other entities providing these same or similar products or services provided by
the Company and its subsidiaries, any customers or policyholders of the Company,
or any of its subsidiaries; or (v) solicit for employment or employ any employee
of the Company or any of its subsidiaries. Should any particular covenant or
provision of this Section 7 be held unreasonable or contrary to public policy
for any reason, including, without limitation, the time period, geographical
area, or scope of activity covered by any restrictive covenant or provision, the
Company and Consultant acknowledge and agree that such covenant or provision
shall automatically be deemed modified such that the contested covenant or
provision shall have the closest effect permitted by applicable law to the
original form and shall be given effect and enforced as so modified to whatever
extent would be reasonable and enforceable under applicable law.

         8. Independent Contractor. It is expressly understood by the parties
hereto that the Consultant shall be an independent contractor and not an
employee of Conseco. Consultant shall be free to engage in the activities not
inconsistent with the terms of this Agreement. Consultant shall not be an agent
of Conseco and shall have no authority to act for or bind Conseco and shall not
represent such authority to third parties. Conseco shall have no control over or
right to control or direct the business of the Consultant or the manner in which
the Consultant approaches and performs the Services, except as provided in
paragraph 2 above. As an independent contractor, the Consultant specifically
understands that Consultant shall not be treated as an employee of Conseco for
purposes of employee benefits, social security benefits and taxes, any other
employment taxes, or unemployment and worker's compensation benefits except that
Consultant may participate in Conseco's medical and dental insurance benefits as
provided in Section 4. The Consultant shall be liable for any and all Federal
and state income and employment taxes and worker's compensation insurance.
Conseco shall treat the Consultant as an independent contractor for purposes of
filing any information returns which may be required pursuant to the Internal
Revenue Code of 1986, as amended, or any state tax law.

     9. Notices. Any notice required or permitted to be given under this
Agreement shall be sufficient if in writing and if sent by registered mail to
Consultant's residence, or if to Conseco directed to the attention of: John J.
Sabl, Executive Vice President, General Counsel and Secretary, Conseco, Inc.,
11815 North Pennsylvania Street, P.O. Box 1911, Carmel, Indiana 46032, or to
such other address as a party may specify to the other party in writing from
time to time.


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     10. Waiver of Breach and Severability. The waiver by either party of a
breach of any provision of this Agreement by the other party shall not operate
or be construed as a waiver of any subsequent breach. In the event any provision
of this Agreement is found to be invalid or unenforceable, it may be severed
from the Agreement and the remaining provisions of the Agreement shall continue
to be binding and effective.

     11. Survival. The parties agree that all provisions of paragraphs 3, 5, 6
and 7, and all subparagraphs thereof, shall survive the termination of this
Agreement.

     12. Entire Agreement; Conflict. This Agreement and the Agreement of even
date herewith relating to the separation of Consultant as employee of Conseco
contain the entire agreement of the parties and supersede any prior discussions,
understandings and agreements between them respecting the subject matter of this
Agreement. This Agreement may not be changed orally, but only by an agreement in
writing signed by the party against whom enforcement of any waiver, change,
modification, extension or discharge is sought.

     13. Binding Agreement and Governing Law. This Agreement may not be assigned
by a party without the prior written consent of the other party. This Agreement
shall be binding upon and shall inure to the benefit of the parties and their
permitted successors in interest and shall be construed in accordance with and
governed by the laws of the State of Indiana.

     14. Arbitration of Disputes. Except as specified in Sections 6 or 7 above
or Section 15 below, any controversy or claim arising out of or relating to this
Agreement or the breach thereof, shall be settled by binding arbitration in the
City of Indianapolis, Indiana, in accordance with the laws of the State of
Indiana by three arbitrators, one of whom shall be appointed by Conseco, one by
Consultant and the third of whom shall be appointed by the first two
arbitrators. If the first two arbitrators cannot agree on the appointment of a
third arbitrator, then the third arbitrator shall be appointed by the Chief
Judge of the United States District Court for the Southern District of Indiana.
The arbitration shall be conducted in accordance with the rules of the American
Arbitration Association, except with respect to the selection of arbitrators
which shall be as provided in this Section. Judgment upon the award rendered by
the arbitrators may be entered in any court having jurisdiction thereof.

     15. Injunctive Relief. Consultant acknowledges that a breach or threatened
breach by Consultant of Section 6 or 7 of this Agreement will give rise to
irreparable injury to the Company and that money damages will not be adequate
relief for such injury. Notwithstanding Section 14 above, the Company and
Consultant agree that the Company may seek and obtain injunctive relief,
including, without limitation, temporary restraining orders, preliminary
injunctions and/or permanent injunctions, in a court of proper jurisdiction to
restrain or prohibit a breach or threatened breach of Section 6 or 7 of this
Agreement. Nothing herein shall be construed as prohibiting the Company from
pursuing any other remedies available to the Company for such breach or
threatened breach, including the recovery of damages from Consultant.


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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be
effective as of the date first above written.




                                         /s/ Rollin M. Dick
                                        ----------------------------------------
                                        Rollin M. Dick
                                         "Consultant"


                                        Conseco, Inc.



                                        By: /s/ Thomas J. Kilian
                                           -------------------------------------
                                           Thomas J. Kilian,
                                           President
                                           "Conseco"