Effective June 27, 2019, Colorado Bankers Life Insurance Company® (CBLife) is no longer accepting any new business. In addition, pending applications and policies will be returned.
This change in new business comes as a result of CBLife entering into a rehabilitation process in North Carolina on June 27, 2019. A state-appointed rehabilitator and his designees will oversee operations on site and will act to protect the assets of our policyholders.
It’s important to note that this process will also affect some customer requests as well. Additional details will be provided via a link from CBLife’s website to the North Carolina Department of Insurance website.
We realize this is a challenging time. We will continue to service in-force business throughout the rehabilitation process and work with the state to keep you updated.