Bankers Life Insurance Company is in rehabilitation. Please refer to the links below for important information.
The 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
All documents are provided or approved by the Special Deputy Rehabilitator, appointed by the Commissioner of Insurance for the State of North Carolina, in his capacity as court appointed Rehabilitator.
- 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 2/13/23.
- 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.
- Disaster Hardship Package
- Order Approving Moratorium on Policy Surrenders
- Consent Order of Rehabilitation
View the quarterly reports for the rehabilitation process as filed with the Insurance Commissioner. Click Here
Contact Us
Bankers Life Insurance Company
P.O. Box 11948
Winston-Salem NC 27116
833-658-2840