News
2023 4Q ALIRT Exhibit
December 31, 2023 – Read the ALIRT Affiliated Reinsurance report here: /wp-content/uploads/2024/04/12-31-2023-Affiliate-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score-Annual.pdf
2023 3Q ALIRT Exhibit
September 30, 2023 – Read the ALIRT Affiliated Reinsurance report here: /wp-content/uploads/2024/04/9-30-2023-Affiliate-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score-Annual.pdf
2023 2Q ALIRT Exhibit
June 30, 2023 – Read the ALIRT Affiliated Reinsurance report here: /wp-content/uploads/2023/10/6-30-2023-Affilated-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score-to-Publish.pdf
2023 1Q ALIRT Exhibit
March 31, 2023 – Read the ALIRT Affiliated Reinsurance report here: /wp-content/uploads/2023/06/3-31-2023-KBR-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score-to-publish.pdf
2022 4Q ALIRT Exhibit
December 31, 2022 – Read the ALIRT Affiliated Reinsurance report here: /wp-content/uploads/2023/10/12-31-2022-Affilated-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score-to-Publish.pdf
2022 3Q ALIRT Exhibit
September 30, 2022 – Read the ALIRT report here: /wp-content/uploads/2022/11/9-30-2022-KBR-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score.pdf
2022 2Q ALIRT Exhibit
August 25, 2022 – Read the ALIRT report here: /wp-content/uploads/2022/08/6-30-2022-KBR-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score.pdf
2022 1Q ALIRT Exhibit
June 7, 2022 – Read the ALIRT report here: /wp-content/uploads/2022/06/3-31-2022-KBR-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score.pdf
2021 4Q ALIRT Exhibit
March 8, 2022 – Read the ALIRT report here: /wp-content/uploads/2022/03/12-31-2021-KBR-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score.pdf
Fourth Quarter Changes in LBL Variable Funds
October 26, 2021- Lincoln Benefit Life announces the closure of DWS Bond VIP – Class A Fund and changes to two fund names. Read a summary of these topics here.
2021 3Q ALIRT Exhibit
September 30, 2021 – Read the ALIRT report here: /wp-content/uploads/2022/03/3Q-2021-9-30-2021-KBR-Allocations-for-ULIC_GILICO_LBL-ALIRT-Score-FINAL.pdf
2021 2Q ALIRT Exhibit
August 16, 2021 – Read the ALIRT report here: /wp-content/uploads/2021/08/2021-2Q-ALIRT-Exhibit.pdf
2021 Q1 ALIRT Exhibit
May 19, 2021 – Read the ALIRT report below…
Fund Changes in LBL Variable Life Products
May 1, 2021- Upcoming fund changes will affect Lincoln Benefit Life’s (LBL’s) variable life products. The following fund mergers and fund name changes can be read here.
2020 Q4 ALIRT Exhibit
April 28, 2021 – Read the ALIRT report below…
Kuvare Shares Newly Published Robust Company Ratings
February 4, 2021 – Kuvare US Holdings, Inc. (collectively with its affiliates, “Kuvare”) is pleased to share financial strength ratings for segments of the Kuvare organization, as recently published by AM Best Company, Inc. (“AM Best”) and Kroll Bond Rating Agency (“KBRA”). Read full press release here.
Key Reinsurance Transactions Boost Kuvare’s Consolidated Assets to $27 Billion
December 17, 2020- Kuvare US Holdings, Inc. is pleased to announce that its subsidiary, Lincoln Benefit Life Company (“LBL”), has recently executed a transaction to assume approximately $1.5 billion of fixed annuity reserves. Read the full press release here.
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. Read more.
Important Information for New Jersey Life Insurance Customers
For LBL customers with a life insurance policy issued in New Jersey, read the announcement regarding COVID-19 and premiums here.
Fund Changes Happening in LBL’s Variable Life Products
Upcoming fund changes affect Lincoln Benefit Life’s variable life products. Read a summary of these changes here.
Kuvare Annuity Sales Nearly Double for Second Year in a Row
Kuvare sees success in its annuity business by nearly doubling sales for the second straight year.
Read the article from Life Annuity Specialist
Sale of Lincoln Benefit Life to Kuvare US Holdings, Inc. Closes
Lincoln Benefit Life (LBL) is pleased to announce the closing of its sale to Kuvare US Holdings, Inc. on December 31, 2019. Read more.
Whole Life II Term Conversion Product Being Discontinued
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), which has higher premium rates, will replace the current product. Read more.
Fund Changes to Variable Life Products
Invesco is acquiring Oppenheimer funds, which are available in LBL’s variable life products. As a result of this acquisition, Oppenheimer fund names are changing. For details on how these changes impact LBL’s variable life products, go here.
LBL Agent Commission and Licensing Moving to Alliance-One Services, Inc.
Lincoln Benefit Life is transferring its agent-related services to Alliance-One Services, Inc. on January 22, 2018, including agent maintenance, licensing and commissions. For details, go here.
Supplement Mailing to LBL Variable Life Customers
A supplement to Lincoln Benefit Life Company’s variable life product prospectuses and statements of information is being mailed to variable life contract owners. For details and to view the customer mailing, go here.
Upcoming Fund Changes Included in LBL 2017 Product Prospectuses
Lincoln Benefit Life’s 2017 variable life product prospectuses include upcoming fund changes. Product prospectuses are being mailed to policy holders beginning May 2, 2017. Read about the fund changes and product prospectus mailings here.
Oppenheimer Funds Merging on TotalAccumulator VUL
The Oppenheimer Equity Income Fund/VA is merging into the Oppenheimer Main Street Fund®/VA on or about a conversion date of April 28, 2017. These fund changes impact the TotalAccumulator variable life product. Read the full announcement here.
Franklin High Income VIP Fund Closing on TotalAccumulator VUL
The Franklin High Income VIP Fund will be closed to new investors and to additional investments from existing shareholders effective at the close of market on or about April 21, 2017. This fund will be liquidated on or after April 28, 2017. The Franklin High Income VIP Fund is available in the Total Accumulator variable life product. Read the full announcement here.
Fund Closure and Changes for LBL Variable Life Products
The 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 here.
LBL Variable Life Product Update
The 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.
Sub-account changes
Lincoln Benefit Life announces sub-account changes to the following variable life products:
- Consultant SL
- Consultant Accumulater
- Consultant Protector.
These changes have a scheduled conversion date of December 5, 2014. Read the full announcement here.