Colorado Bankers Life Insurance

Colorado Bankers Life Insurance Company is in rehabilitation. Please refer to the links below for important information.

US Department of Justice Indictment of Greg Lindberg. Details Here

The appeal of the Order of Liquidation of December 30, 2022, by Greg Lindberg’s company, GBIG Holdings, LLC, has concluded. This means there will be no further appeals and the liquidation process will move forward as of November 30, 2024, when the Order of Liquidation becomes effective. As of that date, the company’s policy obligations will be covered by various state life and health insurance guaranty associations subject to applicable statutory limits and requirements.

Please see the Liquidation Order FAQs below:

On June 20, 2023, the North Carolina Court of Appeals affirmed the Court’s MOU Judgment and Order. Details are found in the links below:

Memorandum of Understanding (MOU) Announcement
MOU FAQ
Copy of the Judgment and Order
On August 4, 2022, the Court issued a further ruling in the MOU case. Important information from that ruling can be found here.
Court of Appeals Announcement
Court of Appeals Ruling
MOU Remand Order

Important Information

Letter to Policyholders

We know you have questions. Please review our Frequently Asked Questions, which are periodically updated as information becomes available. Last update 02/13/2023.

Producer Frequently Asked Questions are also available. Last update 11/8/2022.

You may be eligible for a withdrawal or surrender under the Hardship Package. Please review the instructions, checklist and call us with questions. Incomplete applications or applications without support cannot be considered. APPLICATIONS HAVE TO BE RECEIVED BY SEPTEMBER 30.