Since 1938, Lincoln Benefit Life has been a strong leader in the life insurance and annuities financial industry. On April 1, 2014 Resolution Life acquired LBL, after receiving all required regulatory approvals. Resolution Life is a specialty U.S. life insurance company with institutional investors, such as life companies and pension funds with a long-term investment outlook.
In connection with the acquisition, LBL obtained direct ownership and control of assets and reserves previously held by its parent company. This allows LBL to fulfill its commitments to its policyholders and remain in compliance with capital requirements under applicable law. LBL will continue to be domiciled in Nebraska and to be regulated by the Nebraska Department of Insurance. LBL also continues to participate in the guaranty association system, which provides an added layer of security to policyholders.
LBL cannot and will not change the terms of your policy or any guaranteed elements. Your contract is still with LBL. Having a customer-focused philosophy means we are committed to providing a high level of service and safeguarding our customers’ investments.
If you have any questions about the sale, please view our Frequently Asked Questions. If after reading the FAQs you still have questions, pleasThe PIMCO VIT Money Market Portfolio is being liquidated September 23, 2016. For contract owners invested in the PIMCO VIT Money Market Portfolio, any value remaining in this subaccount on the Liquidation Date will be transferred automatically to the Fidelity VIP Government Money Market Portfolio subaccount. The PIMCO VIT Money Market Portfolio is available in the following products: Consultant SL, Consultant Accumulator and Consultant Protector. Read the full announcement hereThe variable life products of Lincoln Benefit Life Company (LBL) are being affected by fund name changes on May 1, 2016. Customers are being notified of this change in the upcoming product prospectus mailing. Read more on the fund name changes and product prospectus mailings here.
Lincoln Benefit Life Partners with Alliance-One Services, Inc. for Servicing Life Business
Lincoln Benefit Life Company (LBL) has transferred its life service to Alliance-One Services, Inc., a subsidiary of Computer Sciences Corporation (CSC) and a licensed third-party administrator. Alliance-One will handle under LBL’s direction all administrative services for life products (except GenBuilder policies), such as billing, responding to customer service and claim requests, and accepting payments for most LBL life policies. Read the full announcement here.
Standard & Poor’s Affirms Lincoln Benefit Life’s Ratings
On August 5, 2015, Standard & Poor’s affirmed Lincoln Benefit Life’s BBB+ (Good) financial strength rating and its BBB+ long-term counterparty credit rating. Standard & Poor’s also gave LBL a stable outlook. Read the full report here.
A.M. Best Affirms its Lincoln Benefit Life Ratings, July 22, 2015
On July 22, 2015, A.M. Best Company affirms Lincoln Benefit Life’s A- (Excellent) rating for financial strength and its a- rating for long-term issuer credit, both with a stable outlook. Read the full report here.
Lincoln Benefit Life Partners with Third-Party Administrator, se2
Lincoln Benefit Life Company (LBL) has transferred service of its annuity and GenBuilder business to se2, a leading third-party administrator in the financial services industry. se2 now handles all administrative services for annuity contracts and GenBuilder policies for LBL customers, brokers and financial representatives. Read the full announcement here.
Lincoln Benefit Life announces sub-account changes to the following variable life products:
- Consultant SL
- Consultant Accumulater
- Consultant Protector.
These changes have a scheduled