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What happened to Bankers Life Insurance company?

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 here and here.

Are Colonial Penn and Bankers Life the same company?

Our product portfolio includes long-term care insurance, life insurance, annuities, Medicare Supplement insurance and other types of supplemental health insurance. We continue to grow and innovate to meet the changing needs of our customers.

Who owns Bankers Life Insurance company?

Bankers Life is proud to be part of CNO Financial Group, Inc. (NYSE:CNO).CNO provides life and health insurance, annuities, financial services and workforce benefits solutions through its family of brands, including Bankers Life, Colonial Penn, and Washington National.

Is Bankers Life in financial trouble?

ORDER OF LIQUIDATION FREQUENTLY ASKED QUESTIONS Q. What is the status of Bankers Life? The Company remains in rehabilitation at this time. However, On December 30, 2022, the judge signed an Order of Liquidation that will place the Company into liquidation when the Order becomes effective.

Does Bankers Life have a good reputation?

Bankers Life is a reputable company. The A rating is from AMBest, as someone else pointed out. This is based primarily on their financial rating and ability to pay claims.

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