Credit Ratings

Lincoln Benefit Life Company (LBL) has an interactive relationship with Standard & Poor’s and A.M. Best rating agencies for financial strength and counterparty credit.

Insurer financial strength ratings represent the opinions of rating agencies regarding the ability of an insurance company to pay obligations under insurance policies and contracts in accordance with their terms, and are not evaluations directed toward the protection of investors in LBL.

Credit ratings are opinions of each agency with respect to specific securities and contractual financial obligations and the issuer’s ability and willingness to meet those obligations when due.

Neither insurer financial strength nor credit ratings are statements of fact nor are they recommendations to purchase, hold or sell any security, contract or policy. Each rating should be evaluated independently of any other rating.

For more information about a particular rating, please visit the website of the relevant rating agency.

LBL has the following ratings:

Rating Agency Financial Strength Rating Outlook Last Update Counterparty Credit
Standard & Poor’s BBB+ (Good) CreditWatch Developing* October 2, 2017 BBB+
A.M. Best A- (Excellent) Under Review with Developing Implications* October 3, 2017 a-

*On October 1, 2017, the indirect parent of Lincoln Benefit Life (the “Company”) announced that a definitive agreement had been entered into for the acquisition of Lincoln Benefit Life’s immediate two parent companies and subsidiaries (including the Company) by an affiliate of Global Bankers Insurance Group (the “Transaction”). The Transaction is subject to receipt of appropriate regulatory approvals and satisfaction of other customary closing conditions. At that time A.M. Best placed Lincoln Benefit Life Company under review with developing implications and Standard & Poor’s placed Lincoln Benefit Life Company on CreditWatch Developing.

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