Company Overview

Colorado Bankers Life Insurance Company, domiciled in North Carolina, sold primarily annuity contracts with some life insurance. It is part of the Global Bankers Insurance Group, which in turn is part of a larger group of companies known as Global Growth (formerly known as Eli Global), which is owned by Greg Lindberg. The company was placed in rehabilitation by order of the Superior Court of Wake County, North Carolina, on June 27, 2019.

In the fourth quarter of 2021, Actuarial Management Resources began servicing the company’s business.

On August 23, 2024, the North Carolina Supreme Court granted Global Bankers Insurance Group’s (GBIG’s) motion to withdraw its Petition for Discretionary Review of the Liquidation Order against Colorado Bankers Life Insurance Company (CBLIC) and Bankers Life Insurance Company (BLIC). On November 30, 2024, CBLIC and BLIC were placed in liquidation, and the state life and health insurance guaranty associations began providing continuing coverage to more than 113,000 policyholders of CBLIC and BLIC.

More information about Bankers Life Insurance Company can be found on this website: here and here.

Company Details

NAIC Number: 84786

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: North Carolina

The domiciliary state is the state in which an insurance company is incorporated or organized.

Rehabilitation Date: June 27, 2019

Liquidation Date: November 30, 2024