This excerpt taken from the CNO 8-K filed Oct 14, 2009.
Your investment in the debentures involves risks. You should carefully consider the risks described below, as well as the other information included or incorporated by reference in this offering memorandum, before making an investment decision. Our business, financial condition or results of operations could be materially adversely affected by any of these risks, and you may lose all or part of your investment. In addition, please read Cautionary Note on Forward-Looking Statements in this offering memorandum where we describe additional uncertainties associated with our business and the Forward-Looking Statements incorporated by reference in this offering memorandum. Please note that additional risks not presently known to us or that we currently deem immaterial may also impair our business and operations.