June 27, 2019 - AM Best changed the Financial Strength Rating (FSR) to a Non-Rating Designation of E (Under Regulatory Supervision) from B++ (Good). These rating actions follow a court decision that placed the company into rehabilitation. Colorado Bankers Life was placed into rehabilitation on June 27, 2019, by the Superior Court of Wake County, North Carolina.
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Colorado Bankers Life Insurance Company has been helping Americans successfully meet their goals and manage their insurance needs since 1974. They provide individually underwritten supplemental coverages and annuities for a variety of employer sponsored, government and individual marketplaces. Specializing in all forms of life and annuity products, their mission is to meet their customers wherever they are in life to help them protect their family today and accumulate assets for future needs.