Registration for NOLHGA’s Annual Meeting in Santa Fe is now open!

Information regarding Colorado Bankers Life Insurance Company (“CBL”) and Bankers Life Insurance Company (“BLIC”)

Policyholder Protection in Action

Recent insolvencies show how NOLHGA helps state guaranty associations provide the greatest amount of protection for policyholders nationwide.

Global Bankers Liquidations

In the Global Bankers liquidations (Colorado Bankers Life, Bankers Life, and Southland National), the guaranty associations paid almost $1.5 billion in just over a year to annuity holders who decided to cash in their annuities. For those who decided to keep their annuities and insurance policies in force, their policies were moved to a financially sound insurance company, and no benefits were lost.

EXECUTIVE LIFE OF NEW YORK/PENN TREATY LIQUIDATIONS

In the Executive Life and Penn Treaty liquidations, guaranty associations paid out billions of dollars in benefits to affected annuity holders and policyholders. The Executive Life annuities were recently moved to a financially sound insurance company, and the guaranty associations continue to pay covered claims for former Penn Treaty policyholders.