The Confederation Life receiverships began in Canada, Michigan, and Georgia (CLIAC) with rehabilitation orders in August 1994. Confederation Life had one-third of its business in the U.S. and was licensed in all 50 states plus the District of Columbia and Puerto Rico. The business consisted of life/annuities, structured settlements (payout annuities), and guaranteed investment contracts (GICs). Confederation Life in the U.S. was declared insolvent and ordered liquidated in October 1996, and the state life and health insurance guaranty associations helped arrange for its policy obligations to be assumed by a number of companies thereafter. (see below).
On November 19, 2008, the Michigan court entered an order closing the U.S. estate of Confederation Life.
Policies of an insolvent company are often transferred to a financially sound insurance company. If policies are not transferred to another company, the policies are continued and claims administered by either the guaranty associations or a third-party administrator (TPA) working on behalf of the associations. Please contact the company/TPA listed below or the guaranty association in your state of residence for more information about your policy.
Type of Policy | Company | Effective Date | |
---|---|---|---|
Group Life & Health/LTD (Block B) |
Hartford Life and Accident Insurance Company 200 Hopmeadow Street Simsbury, CT. 06089 888-747-8819 http://www.thehartford.com |
Oct 01, 1997 | |
Bank Owned Life Insurance (BOLI) Policies |
New York Life Insurance Company 51 Madison Avenue New York, NY. 10010 212-576-5149 http://www.newyorklife.com/ |
Apr 01, 1997 | |
Corporate Owned Life Insurance (COLI) Policies |
Pacific Life Insurance Company 700 Newport Center Drive Newport Beach, CA. 92660 800-800-7646 http://www.pacificlife.com |
Jun 01, 1997 | |
Additional Information: Renamed to Pacific Life Insurance Company. | |||
Life/SPDA (Block A) |
Nassau Life Insurance Company One American Row Hartford , CT. 06102 800.541.0171 https://nfg.com/ |
Dec 31, 1997 | |
Additional Information: The original assumption carrier, Phoenix Life changed their name to Nassau Life Insurance Company in October 2018. | |||
CLIAC - Life Policies |
Voya Retirement Insurance and Annuity Company 230 Park Avenue New York, NY. 10169 877.886.5050 https://www.voya.com/ |
Oct 02, 1995 | |
Additional Information: Policies were originally assumed by Aetna Life Ins. & Annuity Company who became ING Life Insurance and Annuity Company and is now Voya Retirement Ins & Annuity Company. | |||
CLIAC - Annuity Policies |
Voya Retirement Insurance and Annuity Company 230 Park Avenue New York, NY. 10169 800.369.5303 https://www.voya.com |
Oct 02, 1995 | |
Additional Information: Policies were originally assumed by Aetna Life Ins. & Annuity Company who became ING Life Insurance and Annuity Company and is now Voya Retirement Ins & Annuity Company. | |||
Payout Annuities |
Pacific Life Insurance Company 700 Newport Center Drive Newport Beach, CA. 92660 800-800-7646 http://www.pacificlife.com/ |
Jul 15, 1999 | |
Additional Information: Renamed to Pacific Life Insurance Company. |
Guaranty association coverage is coordinated on a state-by-state basis, with coverage usually being provided by the association in your state of residence, regardless of where you purchased your policy. Policyholders should contact their state guaranty association with any questions they have about their policies. The drop-down menu below will take you to your state association's Web site, which provides answers to frequently asked questions and contact information.
The liquidator, by court order, becomes the sole owner of the company's assets and administers the estate of the company.
If you are unsure whom to contact with your questions, please e-mail us here, and we will forward your message to the appropriate party.
NAIC Number: 80667
An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.
Domiciliary State: Michigan
The domiciliary state is the state in which an insurance company is incorporated or organized.
Rehabilitation Date: August 12, 1994
Liquidation Date: August 12, 1994
Estate Closed: November 19, 2008