Variable Universal Life Fund Closure
The Invesco Oppenheimer VI Discovery Mid Cap Growth Fund – Series II (Sub-Account) will no longer be offered as an investment alternative in Consultant Accumulator, Consultant Protector and Consultant SL variable life products effective June 12, 2020. Any allocations to or policy value invested in this Sub-Account on the closure date will be transferred to […]
Important Information for New Jersey Life Insurance Customers
Lincoln Benefit Life Company (LBL) cares deeply about our customers and the devastating effects the recent COVID-19 pandemic may have on you and your family. We realize these are very challenging times for you and are here to support you. Due to COVID-19 and New Jersey Bulletin 20-16, LBL is extending the grace period for […]
Fund Changes in LBL Variable Life Products
Upcoming fund changes will affect Lincoln Benefit Life’s (LBL’s) variable life products. The following fund merger applies to: Consultant Accumulator VUL Consultant Protector VUL Consultant SL Consultant VUL Investor’s Select VUL Fund Merger The Board of Trustees of the Invesco Funds approved the reorganization of Invesco V.I. Mid Cap Growth Fund – Series II (“Merging […]
Kuvare Nearly Doubles Annuity Sales Two Years in a Row
Kuvare’s success may be viewed uneasily by traditional insurers, because it shows how
private capital has taken root and quickly…
Sale of Lincoln Benefit Life to Kuvare US Holdings, Inc. Closes
Kuvare’s acquisition of Lincoln Benefit Life Company (LBL) closed on December 31, 2019. LBL is the third operating U.S. life insurance business acquired by Kuvare since 2016. In addition to LBL, Kuvare owns Guaranty Income Life Insurance Company, located in Baton Rouge, Louisiana, and United Life Insurance Company, located in Cedar Rapids, Iowa. Kuvare also […]
Premium Rates Increasing on New Whole Life II Product
The current Whole Life II product is being discontinued due to new regulations going into effect January 1, 2020. A new version of the plan, Whole Life II (2019)1, which has higher premium rates, will replace the current product. In order to get the current rates, a signed term conversion application and all final delivery […]
Fund Name Changes to Variable Life Products
Upcoming fund changes will affect Lincoln Benefit Life’s (LBL’s) variable life products. Invesco is acquiring all Oppenheimer Funds on or about May 27, 2019. As a result, the Oppenheimer fund names are changing. A list of the changes by product are included in the links below. Consultant Accumulator Consultant Protector Consultant SL Consultant VUL Investor’s […]
Changes to LBL’s Agent Licensing and Commissions
Lincoln Benefit Life’s agent-related services are transferring to Alliance-One Services, Inc. on January 22, 2018. These changes apply to agent maintenance, licensing and commissions. What’s Changing? Alliance-One will handle agent commissions for life insurance policies (excluding GenBuilder) sold by LBL agents, including policies that continue to be serviced at Allstate. Licensing and agent maintenance […]
Supplement Mailing to LBL Variable Life Customers
Lincoln Benefit Life Company (LBL) is notifying variable life contract owners of the following information. LBL Transaction On September 28, 2017, Lincoln Benefit Life Company’s direct parent, Resolution Life, Inc. changed its name to LBL HoldCo II, Inc., and Lincoln Benefit Life Company’s indirect parent, Resolution Life Holdings, Inc. changed its name to LBL […]
Fund Changes in 2017 Variable Life Prospectuses
Lincoln Benefit Life’s (LBL) 2017 product prospectuses are being mailed to customers beginning May 2, 2017. The fund changes are outlined in the following letters, which will be included in the prospectus mailing to variable life policy holders. Investor’s Select VULConsultant VULConsultant SLConsultant Accumulator and Consultant ProtectorTotalAccumulator The 2017 product prospectuses will be available May 2, 2017, by logging […]
Oppenheimer Funds Merging on the Total Accumulator
The Lincoln Benefit Life (LBL) TotalAccumulator variable universal life product will be affected by the following fund merger. Fund Merger The Board of Trustees of the Oppenheimer Variable Account Funds have approved the merger of the Oppenheimer Equity Income Fund/VA into the Oppenheimer Main Street Fund®/VA on or about a conversion date of April […]
Fund Closing on LBL’s TotalAccumulator VUL
Lincoln Benefit Life Company (LBL) is notifying variable life contract owners of an upcoming fund closure and liquidation on TotalAccumulator variable universal life contracts. The details include: Fund Closure Franklin Templeton Variable Insurance Products Trust (“FTVIPT”) has approved the closure and liquidation of the Franklin High Income VIP Fund. Effective at the close of […]