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 for […]
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 HoldCo, […]
Resolution Life and Global Bankers Insurance Group, LLC (Global Bankers) today announced they entered into a definitive agreement for the acquisition of Lincoln Benefit Life Company by Global Bankers. The transaction is expected to close in the first quarter of 2018, subject to receipt of appropriate regulatory approvals by the Nebraska Department of Insurance and […]
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 VUL Consultant VUL Consultant SL Consultant Accumulator and Consultant Protector TotalAccumulator The 2017 product prospectuses will be available May […]
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 28, […]
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 market […]
Lincoln Benefit Life Company (LBL) is notifying variable life contract owners of upcoming fund changes. These changes include: Fund Closure The Board of Trustees of the PIMCO Variable Insurance Trust has approved a plan of liquidation for the PIMCO VIT Money Market Portfolio on or about September 23, 2016 (liquidation date). This fund will no […]
The following funds, available in the Lincoln Benefit Life (LBL) variable life products, will change their names on or about May 1, 2016. Fund name changes affecting all LBL variable life products (Investors Select, Consultant VUL, Consultant SL, Consultant Accumulator, Consultant Protector and Total Accumulator) are: Old Name New Name Ibbotson Aggressive Growth ETF Asset […]
Lincoln Benefit Life Company (LBL) is now partnering with 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 […]
Lincoln Benefit Life Company (LBL) is now partnering with se2, a third party administrator, to service its annuity and GenBuilder business. se2 is a highly regarded leader in providing customer service for the financial services industry and is handling all administrative services, such as billing, responding to customer service and claim requests, and accepting payments. What can […]