As you have been informed already, Colorado Bankers Life Insurance Company (“CBLife”) has been placed in a Rehabilitation status by the North Carolina Department of Insurance.
https://cblife.com/#
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We'd like to take a moment to make an important distinction. CBS Insurance and CBLife, are completely separate companies.
We are not owned by CBLife nor are we actively writing any business with CBLife.
CBS Insurance helped develop and bring to market a critical illness plan with Colorado Bankers Life Insurance Company over 20 years ago. When we started working with Colorado Bankers Life Insurance Company the company was owned by the Dearborn National Group, a part of several Blue Cross Blue Shield companies. The strength, credibility and reputations of Dearborn National Group, Blue Cross, and CBS Insurance helped us become household names within the insurance community.
After Colorado Bankers Life Insurance Company was purchased by Eli Global, we decided to take a step back from our strategic relationship with Colorado Bankers Life Insurance Company. As part of our evaluation of the situation, we decided that it was in the best interest of our distribution partners to develop new relationships with other industry leaders.
Almost two years ago we developed an amazing critical illness with term life insurance plan with Occidental Life Insurance Company. Tracing its roots back to 1906, Occidental Life Insurance Company of North Carolina is a progressive special markets insurer. The Company offers innovative life insurance and annuity products developed to target the individual needs of protection, wealth creation and estate preservation.
https://www.occidentallife.com/who-we-are.html
The team at CBS Insurance would like to you to know that we have always had and continue to have the very best interests of our policyholders and distribution partners in mind every step of the way.
