Annuity.org. Chicago All rights reserved. The four companies in rehabilitation are Southland National Insurance Corp., Bankers Life Insurance Co., Colorado Bankers Life Insurance Co. and Southland National Reinsurance Corp. Customers of Colorado Bankers Life can log in to their accounts online through the companys web portal. I have tried multiple times to contact this business, but every time I call, Im placed on long holds that end up getting disconnected. In the case of Greg Lindbergs financially drained Bankers Life, the Superior Court in North Carolina approved to the states regulator to modify a moratorium on Colorado Bankers and Bankers Life. We are off to a flying start at the NC Department of Insurance at the start of 2023! AM Best Changes Credit Ratings of Colorado Bankers Life Insurance Co. and Bankers Life Insurance Co. I called and was told that they are in Rehabilitation due to "financial . Bankers Life is the marketing brand of Bankers Life and Casualty Company, Medicare Supplement insurance . The company can help you find the right insurance agent for your unique financial objectives. Use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. Bankers Life Insurance Co. 833-658-2840, Colorado Bankers Life Insurance Co. 833-658-2841. What: Wellspring Battle of the Bands, featuring four bands and a silent auction fundraiser for Wellspring London in support of cancer patients and their families. . Because they are fixed-rate annuities, MYGAs are not subject to market volatility and therefore offer a potentially safer way to grow your money. I feel like I was scammed by *****************. The negative customer service reviews, a rating under review by AM Best, and the high number of complaints are many reasons to choose a better-qualified insurance company. Here at Buy Life Insurance For Burial, youve got lots of different options. State Government websites value user privacy. Our goal is to provide excellent service to every policyholder and make your life easier when it comes to your claims. The SPA is part of and fully integrated into the plan. We also use third-party cookies that help us analyze and understand how you use this website. Find out how an annuity can offer you guaranteed monthly income throughout your retirement. Still, you will need to check with your state . Most states follow the NAIC Model Act to provide coverage of at least the amounts below: (check your state associations website to confirm your levels in your state). 325 N. Salisbury Street Sorry there was an error. Please review ourFrequently Asked Questions, which are periodically updated as information becomes available. . rehabilitation updates . This is dictated by state law and is known as a period of rehabilitation. But opting out of some of these cookies may have an effect on your browsing experience. The company now has $2.3 billion in assets under management and plans to issue new . But you cant get a quote online. Josie Tuff, rehabilitation team leader at Maximus UK, which provides employment, health and disability support programs to employers, says taking it slow is essential. Running out of money in retirement is a concern for many Americans. If it is determined that the company cannot be rehabilitated, the company is declared insolvent, and the commissioner will ask the state court to order the liquidation of the company. Secure websites use HTTPS certificates. 51 0 obj <>/Filter/FlateDecode/ID[<3A4B178ECB10D4B5CAA20C04283C0FED><2D396B74159DE942A4197672CBB995F2>]/Index[26 44]/Info 25 0 R/Length 115/Prev 140348/Root 27 0 R/Size 70/Type/XRef/W[1 3 1]>>stream Box 11948 Winston-Salem NC 27116. Retrieved from, Colorado Bankers Life Insurance Company. CBLife Annuities. So you have to go to one of the branches to inquire about information. It acquired F&G Re in December 2020. Document Organization. Bankers Life offers supplemental health insurance, long-term care insurance, and annuities in addition to four different types of life insurance. By general phone questions: 1-800-621-3724. The insurers that are acting as the plaintiffs in the case say Lindberg's private companies owe them $1.3 billion, according to the Wall Street Journal reporters' summary of court documents . A federal appeals court has sided against embattled entrepreneur Greg Lindberg in upholding a lower court's ruling that Colorado Bankers Life Insurance Company is owed $40 million.. U.S. District . In fact, he took $ from a higher paying acct when I needed cash b/c he knew he couldnt get $ from CBL & again didnt inform me. We had moved so I didnt receive a letter or phone call. We are acting. Annuity providers base income benefits on an annuitants life expectancy, which they determine using your age and gender. Colorado Bankers Life FAQs Liquidation Order 1.30.23.pdf. The assets, many times are large, can pay the covered claims. Annuity.org writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. Last modified February 7, 2023. https://www.annuity.org/annuities/providers/colorado-bankers-life/. Policyholder Authorization Form. North Carolina Insurance Commissioner Mike Causey announced that the hardship eligibility programs for policyholders of Colorado Bankers Life Insurance Company, Bankers Life Insurance Co. and Southland National Life Insurance Corp. have been expanded effective July 27. %PDF-1.6 % This information is all publicly available and is being provided to you by Galvin Legal, PLLC. TheRehabilitator has appointed Noble Consulting Services, Inc., to serve as Special DeputyRehabilitator to oversee the rehabilitation process. This will make policy funds more available to policyholders in financial hardship under the criteria of the program, Commissioner Causey said. Albemarle Building The commissioner then asks the state court to order the company to be liquidated. In the fourth quarter of 2021, Actuarial Management Resources began servicing the company . Many providers extend provisions that allow partial withdrawals yearly without a penalty. Current Status update as of August 10, 2022. I thinkd ****************** knew that CBLife . endstream endobj startxref Connect with a financial expert to find out how an annuity can offer you guaranteed monthly income for life. A customers investment profile includes, but is not limited to, the customers age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.. Gateway Insurance Company (IL) Texas policyholders: Texas Property & Casualty Insurance Guaranty Association. Read about all the new happenings! Managed Raiser's Edge database of individual and prospective donors, corporations, and foundations. Necessary cookies are absolutely essential for the website to function properly. I am never able to speak to someone voice to voice because the line is always disconnected before anyone picks up. Withdrawals . Raleigh NC 27603-5926, Mailing Address: Colorado Bankers Life Insurance Company (NC) 84786: In Rehabilitation: Confederation Life Insurance & Annuity Co (CLIAC) (GA) 99384: Released from Oversight: Confederation Life Insurance Company (CLIC) (MI) 80667: 08/12/1994: Diamond Benefits Life Insurance Company/Life Assurance Company of Pennsylvania (AZ) 74969: 02/28/1992: Executive Life . There is no minimum amount required to purchase an annuity, though the national average is $150,000. FINRA Rule 2111(a) states that a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customers investment profile. I am 67 years old and I have lost acces to my retirement fund. Once youve been matched, consult for free with no obligation. To learn more, view our full privacy policy. They say they sell retirement plans, health supplements, long-term, annuities and 4 more types, including final expense insurance. There are 257 Branches across the US to speak to an agent in person. We can help you to get burial insurance quotes for: We have the sole purpose of getting you more choices that are tailored for your family and you so you have the best possible insurance that you decide and what is more important to you. We'd love to hear your thoughts. Privacy Policy Terms And Conditions Sitemap Insurance Carriers Represented Licenses, Compare quotes from top insurance carriers. Details are found in the links below: We know you have questions. Guaranteed Acceptance Whole Life Insurance Policies Reviews, $75,000 Whole Life Insurance Review [Rates, Programs Revealed], 10 Steps I Took To Get My Parent Burial Insurance, Helpful for Seniors that have bad health using, An Independent Broker Professional that can get access to. We are off to a flying start at the NC Department of Insurance at the start of 2023! Start your mornings with essential life and health insurance news coverage, analysis and trends . These ratings, also called financial strength ratings, relate the financial stability of the company to the consumer. The next month they engaged in a similar deal, causing PBLA to purchase $18 million from another entity wholly owned by Lindberg. If you prefer to call, you can speak to one of our friendly representatives at 888-626-0439 about the many options you could qualify for. Bankers Life Insurance Company, Colorado Bankers Life Insurance Company, and Southland National Reinsurance Corporation, are pleased toreceive the court's trial judgment in their favor in their lawsuit against Greg Lindberg and a number of his related companies in case 19-CVS-13093 pending in Wake County Superior Court in Also has a high number of complaints with the NAIC, and the companys financial strength doesnt compare to reputable companies. These cookies do not store any personal information. This website uses cookies to improve your experience while you navigate through the website. Update your browser for more security, speed and compatibility. . Generated reports for the . Raleigh NC 27699-1201, Contact NCDOIEmployee DirectoryCareers at NCDOICalendar, An official website of the State of North Carolina, Commissioner Causey expands hardship eligibility programs for Greg Lindbergs former insurance companies. Retrieved March 4, 2023, from https://www.annuity.org/annuities/providers/colorado-bankers-life/. 1201 Mail Service Center In Rehabilitation: Centennial Life Insurance Company (KS) 61654: 05/27/1998: Colorado Bankers Life Insurance Company (NC) 84786: In Rehabilitation: Columbia Life Insurance Company (PA) 73350: 10/15/1991: Confederation Life Insurance & Annuity Co (CLIAC) (GA) 99384: Released from Oversight: Subrogation rights of the companys assets to proportion out to the policyholders. Without an appeal . Direct Deposit Form. I am deeply disturbed that my financial advisor didnt have the gall to inform me (we met every 3 months x past 8 yrs) of the situation. In this article, I will talk about facts that you need to know to help you out and benefit you the most that you can. State regulators moved to have the life insurers placed into rehabilitation after securing the agreement of owner Greg Lindberg and the insurers' boards. Incomplete applications or applications without support cannot be considered. Annuity.org editors may revise content for clarity, logic, flow and meaning. Because missing important news and updates could cost you. These included a tax-deferred, interest-bearing annuity contract and multi-year guaranteed rates with death benefits and no front-end loads or policy fees. ballon 2021/2022 PRESTIGE MP (310g) 236121:20220920203208-00346!PayPay! . We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. If you suffered losses investing in Colorado Bankers Life Insurance Annuities and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117. 1201 Mail Service Center 82 0 obj <>stream Colorado Bankers Life Insurance Company, Bankers Life Insurance Company, and Southland National Insurance Corporation, (collectively the "Companies") consented to an Order of Rehabilitation entered on June 27, 2019("Order") , by the Superior Court of Wake County, North Carolina ("Court") pursuant to a . rehabilitation updates . With more than 19 years of lending experience, and consistently being one of nation's top-producing loan officers, I am here to help! However, policies and riders are available by much more reputable companies. Since Colorado Bankers Life are in rehabilitation and many complaints and lawsuits. Hiding info from a client is grounds for legal action & that is exactly the direction we have taken. Select your state Our policies vary by state We do our best to determine where you are located so we can show you accurate information. The surrender charge period is typically 3 to 7 years after you purchase the annuity.I lifted the below language from the link above and this may answer your questionPolicyholder specific questions contact the appropriate Company at:For Colorado Bankers Life policies: 1-***-***-**** For Bankers Life policies: 1-***-***-**** For Southland . Colorado Bankers Life Insurance Company in Rehabilitation. Important information from that ruling can be found here. If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117. Last Update 03/23/2022. Read about all the new happenings! The parties filed their rehabilitation plan with the trial court on August 8, 2019. Contact Us. In a news release, Lindberg said he had reached a $307 million deal with Universal Financial Holdings LLC, which would acquire Southland National Insurance Corp., Bankers Life Insurance Co . North Carolina Insurance Commissioner Mike Causey announced that the hardship eligibility programs for policyholders of Colorado Bankers Life Insurance Company, Bankers Life Insurance Co. and Southland National Life Insurance Corp. have been expanded effective July 27. Each rate shown is a quote based on information provided by the carrier. On August 4, 2022, the Court issued a further ruling in the MOU case. Annuity.org, 7 Feb 2023, https://www.annuity.org/annuities/providers/colorado-bankers-life/. Raleigh NC 27603-5926, Mailing Address: Please wait a moment and try again. Filed: April 4, 2013 in U.S. District Court in Portland Plaintiff: Lorraine and Charles Bates; Eileen Burk, and David Youngbluth Defendant: Bankers Life and Casualty Company, CDOC, Inc., CNO Financial Group, Inc., Conesco Life Insurance Company of Texas, Doe Corporations I-X and James D Peterson Case Number: 3:2013cv00580 Details: The four plaintiffs filed the suit Class Action Suit Filed . Procedural Status Update. Retrieved from. Sorry there is a continuing error in our system. colorado bankers life rehabilitation updatebest monofilament fishing line for saltwater. This wasdone toprotecttheoverallaccountvaluesof theCompaniesannuityholdersandtheinterestsofall policyholders. Colorado Bankers Life FAQs Liquidation Order 1.30.23. 375 South Third Street San Jose CA 95112. Colorado Bankers Life sells Retirement Income Health Expenses Retirement Care and Final Expense Insurance. 2327 Englert Dr. - Durham, NC 27713 - Phone: 800.367.7814. 10/28/2021. We will be able to tell you within 5 minutes, without any obligation, that we can help you access free government benefits that you couldnt previously have while gaining back some of your money spent already. Colorado Bankers Life Insurance Company (sometimes shortened to CBLife) was founded in 1974. Policies in excess of state life and health insurance guaranty association coverage limits would give rise to a pro-rata claim against the Bankers Life Colorado liquidation estate for the uncovered amount (the "excess policyholders"). I just learned about this on 7/23/2021!! Liquidation Petition filed against Colorado Bankers Life, et al. The higher the rating, the more likely an insurance company can uphold its end of an annuity contract. Compare, and You will be happy you took the time. Original review: Nov. 6, 2022. Colorado Bankers Association One Sherman Place 140 East 19th Avenue, Suite 400 Denver, CO 80203 Tel: 303.825.1575 info@coloradobankers.org Beneficiary Change Form. Your web browser is no longer supported by Microsoft. By Allison Bell. Information on the memorandum of understanding and hardship application can be found on the company websites:Colorado Bankers Life, Bankers Life Insurance Company,and Southland National Insurance Company. If you found our content helpful, consider leaving a review on the Better Business Bureau or Facebook. If you are interested in learning more about buying or selling annuities, call us at 877-918-7024. Last Update 03/23/2022. 0 Categories: Investor Alerts, Variable Annuities Tags: Variable Annuities, Did you lose money investing with David Maute (CRD# 4307126)? The insurance companies are continuing to work to hold Greg Lindberg to his promises to perform the rehabilitation plan set out in the memorandum of understanding so that the rehabilitator will be able to provide additional access to policy funds. COVID-19 Update: Protecting Your Health and Well-being. The moratorium was initiated on 6/27/2019. Annuity contract owners with a current account value of $1,000 or greater have the option to withdraw 10% of the account value, up to a total maximum of $15,000 per contract owner. Secure websites use HTTPS certificates. www.securitieslawyer.com/colorado-bankers-life-insurance/, Mozilla/5.0 (iPhone; CPU iPhone OS 15_4_1 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/15.4 Mobile/15E148 Safari/604.1. Please call us using the phone number listed on this page. I would like to tell you of my recent experience with Bankers Life and Casualty insurance company. My name is Vaughn **. Albemarle Building The letter will show how to submit their request. Timothy currently serves as a business finance manager where he researches ways to increase profitability within the supply chain, logistics and sales departments. This includes A.M. Best, Standard and Poor's and Fitch rating. , , 10 . NC Department of Insurance The insurance companies have been making payments and will continue to make payments; for death claims, health insurance claims, required minimum distributions from IRAs and for annuities that reach their maturity date. Colorado Bankers Life remains in rehabilitation and is not selling products. Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. Good news is that in many circumstances, we can get a better price for coverage out there than a lot of other carriers can provide. No portion of BuyLifeInsuranceForBurial.com may be copied, published or distributed in any manner for any purpose without prior written authorization of the owner. Greg Lindberg was recently sentenced to prison concerning corruption-related convictions. Read the full story View all news. In most states, the aggregate benefit level for an individual life in any one insolvency is $300,000 (except if there . Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with James OReilly. And by the way, if you can click here to learn more about the potentially FREE benefits that the government may provide people who are disabled or retired on a fixed income! December 8, 2022. Colorado Bankers Life Insurance Company, Bankers Life Insurance Company, Southland NationalInsurance Corporation, and Southland National Reinsurance Corporation, consentedto an Orderof RehabilitationenteredonJune27, 2019, by the Superior Court of WakeCounty, North Carolina (Court) pursuant to a petition filed by the Commissioner of Insurance of the Stateof North Carolina, Mike Causey. Brokerage firms that fail to conduct adequate due diligence on investments they recommend, such as Colorado Bankers Life Insurance Annuities, or that make unsuitable recommendations can be held responsible for the customers losses in a FINRA arbitration claim. E . hb```vaAd`0p8h|VGCJ (f`LBL>3}ccpuu10hi```~7v,D "Colorado Bankers Life." 57 0 obj <> endobj On June 27, 2019, Southland National Insurance Corporation, Colorado Bankers Life Insurance Company, Bankers Life Insurance Company and Southland National Reinsurance Corporation (hereinafter "Companies") were placed in rehabilitation by order of the Superior Court of Wake County, North Carolina, with the consent of the Board of Directors and the Controlling Shareholder. Raleigh NC 27699-1201, Contact NCDOIEmployee DirectoryCareers at NCDOICalendar, An official website of the State of North Carolina. Total of $300,000 in life insurance death benefits, Total of $100,000 in cash surrender or withdrawal values for life insurance, Total of $250,000 in the present value of annuity benefits, including net cash surrender/withdrawal values, Total of $500,000 in major medical or basic hospital, medical and surgical insurance policy benefits, Total of $300,000 in long term care insurance policy benefits, Total of $300,000 in disability insurance policy benefits, Total of $100,000 in other health insurance benefits. Retrieved from, Colorado Bankers Life Insurance Company. The North Carolina Department of Insurance said this allows limited funds to be withdrawn by annuity contract owners during the pandemic. Report. It is mandatory to procure user consent prior to running these cookies on your website. The group controlled Bankers Life Insurance Co., Colorado Bankers Life Insurance Co. and Southland National Insurance Corp. A North Carolina state court put the companies in rehabilitation in June 2019. That same day, the trial court gave preliminary approval to the plan at the request of the rehabilitator. The North Carolina Commissioner of Insurance has been appointed as the rehabilitator for Colorado Bankers Life. A MYGA is appropriate for someone who is closer to retirement and prefers tax deferral and a guarantee of investment return. Retrieved from, Colorado Bankers Life Insurance Company. We recommend choosing a better business for your life insurance. Box 11609Winston-Salem, NC 27116. If the company still falls short of funds to pay the policyholders, then there are state guaranty associations that will be activated to provide 2 main sources of funding. Research the ratings of the company youre considering for an annuity before you make a purchase. 325 N. Salisbury Street Please refer to the links below for important information. Last update 02/13/2023. Colorado Bankers Life is known more by Bankers Life. If you suffered losses investing with James OReilly, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial IndustryRead More, Toll-Free (800) 405-5117Facsimile (800) 405-5910Decatur, Georgia (Available For Consultation Upon Request)(404) 882-8525, 2023 GALVIN LEGAL, PLLCDisclaimer | Privacy PolicyAttorney AdvertisingJames P. Galvin, Esq. hbbd```b``"A$ ""`R, V&I0|lf6! On May 18, 2022, the Court has issued a judgment in the on-going case concerning Colorado Bankers Life Insurance Company. Copyright 2021 - CBLife US Department of Justice Indictment of Greg Lindberg. APA Aug 2013 - Mar 20148 months. You can count on us to make your life easier when it comes to your claims. On March 5, 2020, Lindberg and an associate were convicted of wire fraud, public corruption and bribery charges. Coordinate events for professional music producers and/or artists Schedule recording sessions, interviews via radio / television, internet tv-radio hbbd```b``"IQf D./I0 &/I~z6R$| 6 Ig` 1) Founded in 1879 and located in Chicago. (2020, March 5). ProducerFrequently Asked Questionsare also available. Please review the instructions,checklistand call us with questions. Schell, Jennifer. On June 27, 2019, Colorado Bankers Life and other companies under the Global Bankers Insurance Group umbrella were placed into rehabilitation by the Superior Court of Wake County, North Carolina. Details Here, On December 30, 2022, the judge signed the Order of Liquidation. Aspida announced the acquisition of Global Bankers earlier this month. (2019, June 27). He's helped over 1,500 people with their life insurance needs across the country. You also have the option to opt-out of these cookies. 26 0 obj <> endobj To learn more, view our full privacy policy. Guaranteed coverage amounts typically vary from $100,000 to $500,000 in benefits. Annuity.org has provided reliable, accurate financial information to consumers since 2013. Get started with a free estimate and see what your payments are worth today! I invested 50,000.oo dollors and now I can not acces my money. Schell, J. However, if the rehabilitation is, for some reason, not . Objections to the preliminarily-approved rehabilitation plan were to be filed in the In 2015, Colorado Bankers Life joined Global Bankers Insurance Group, an international family of insurance and reinsurance companies focused on retirement, annuities and life insurance. State Government websites value user privacy. ***** Colorado Bankers Life Insurance Company has been helping Americans successfully meet their goals and manage their insurance needs since 1974. (n.d.). Policyholders can follow the status of the company, explore previously offered products and find contact information relating to their policies. Colorado Bankers Life Insurance Company. Annuity.org articles are spellchecked, grammatically correct and typo-free. The goal of the Rehabilitator is to reduce the amount of affiliatedinvestments and to increase thelong-term liquidity of the Companies. Last update 11/8/2022. When an insurance company goes through bankruptcy, the insurance coverage will continue, and policy claims will be covered and paid by state insurance guaranty associations, subject to each state's coverage limits. Our goal is to provide excellent service to every policyholder and make your life easier when it comes to your claims. If you suffered losses investing with David Maute, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial IndustryRead More, Did you lose money investing with James OReilly (CRD# 2209758)? AM Best Changes Credit Ratings of Colorado Bankers Life Insurance Company and Bankers Life Insurance Company Following Regulatory Action June 27, 2019 04:54 PM Eastern Daylight Time Latest Status as of August 10, 2022 - Click Here Privacy Statement Terms of Use. Home Page. PDF 119.42 KB - January 31, 2023 Insurance Companies. 0 A few simple steps used to be enough to control financial stress, but COVID and student loan debt are forcing people to take new routes to financial wellness. Physical Address: I invested money and know I cannot acces my money . Colorado Bankers Life. Then, beginning in January 2018, they caused PBLA to "invest . On June 27, 2019, Colorado Bankers Life and other companies under the Global Bankers Insurance Group umbrella were placed into rehabilitation by the Superior Court of Wake County, North Carolina. In the fourth quarter of 2021, Actuarial Management Resources began servicing the companys business. The hardship payments will be in addition to other exceptions to the moratorium. State Governments protect policyholders if the company goes out of business with state insurance regulators who monitor life insurance companies financial well-being. Colorado Bankers Life FAQs Liquidation Order 1.30.23.pdf, Colorado Bankers Life FAQs Liquidation Order 1.30.23, Physical Address: A lock icon or https:// means youve safely connected to the official website. On October 19, 2022 my sister . If you are here to learn a little about Colorado Bankers Life Company or wonder the reasons associated with what to do or what details are needed or who to call or make a report to remedy your questions or file a claim to the best extent possible, then perfect! Bank Authorization Form. COLORADO BANKERS LIFE INSURANCE COMPANY BANKERS LIFE INSURANCE COMPANY SOUTHLAND NATIONAL INSURANCE CORPORATION FREQUENTLY ASKED QUESTIONS Updated February 13, 2020 . The recent unsealing of a lawsuit filed on behalf of a group of North Carolina life insurers in receivership has spurred new allegations from an entity objecting to the rehabilitation plan of Pavonia Life Insurance Co. of Michigan, which would end with the insurer's sale to an Ares Management Corp. subsidiary. Colorado Bankers Life Insurance Company, domiciled in North Carolina, sold primarily annuity contracts with some life insurance. Bankers Life is a party to, or has a financial interest in, at least 14 . Raleigh NC 27603-5926, Mailing Address: Bankers Life insurance Ownership Change Form. The purpose of rehabilitation is to revitalize the Companies and avoid liquidation for the protection of policyholders. Webpage: California Insurance Company Rehabilitation. Phone: (805) 304-1376 Email: michael.chabot@ As Producing .