JOINT FILING AGREEMENT

                             JOINT FILING AGREEMENT

         This will confirm the agreement by and among all the  undersigned  that
the  Schedule  13D filed on or about this date with  respect  to the  beneficial
ownership of the  undersigned of shares of the Common Stock,  $.15 par value, of
NAL  Financial  Group Inc. is being filed on behalf of each of the  undersigned.
This agreement may be executed in two or more counterparts,  each of which shall
be deemed an original,  but all of which together  shall  constitute one and the
same instrument.


Dated: August 26, 1997                    CONSECO, INC.



                                          By: /s/Xxxxxx X. Xxxxxxxxx
                                              -----------------------
                                              Xxxxxx X. Xxxxxxxxx,
                                              Executive Vice President


                                          CONSECO PRIVATE CAPITAL GROUP, INC.



                                          By: /s/Xxxxxxx X. Xxxxxx
                                              ------------------------    
                                              Xxxxxxx X. Xxxxxx,
                                              Vice President


                                           BENEFICIAL STANDARD LIFE INSURANCE
                                             COMPANY



                                           By: /s/Xxxxxx X. Xxxxxxxxx
                                               ------------------------
                                               Xxxxxx X. Xxxxxxxxx,
                                               President


                                           GREAT AMERICAN RESERVE LIFE INSURANCE
                                             COMPANY



                                            By: /s/Xxxxxx X. Xxxxxxxxx
                                                ------------------------
                                                Xxxxxx X. Xxxxxxxxx,
                                                President