The Invesco Oppenheimer VI Discovery Mid Cap Growth Fund – Series II (Sub-Account) will no longer be offered as an investment alternative in Consultant Accumulator, Consultant Protector and Consultant SL variable life products effective June 12, 2020. Any allocations to or policy value invested in this Sub-Account on the closure date will be transferred to […]
Lincoln Benefit Life Company (LBL) cares deeply about our customers and the devastating effects the recent COVID-19 pandemic may have on you and your family. We realize these are very challenging times for you and are here to support you. Due to COVID-19 and New Jersey Bulletin 20-16, LBL is extending the grace period for […]
Upcoming fund changes will affect Lincoln Benefit Life’s (LBL’s) variable life products. The following fund merger applies to: Consultant Accumulator VUL Consultant Protector VUL Consultant SL Consultant VUL Investor’s Select VUL Fund Merger The Board of Trustees of the Invesco Funds approved the reorganization of Invesco V.I. Mid Cap Growth Fund – Series II (“Merging Sub-Account”) […]
Kuvare’s acquisition of Lincoln Benefit Life Company (LBL) closed on December 31, 2019. LBL is the third operating U.S. life insurance business acquired by Kuvare since 2016. In addition to LBL, Kuvare owns Guaranty Income Life Insurance Company, located in Baton Rouge, Louisiana, and United Life Insurance Company, located in Cedar Rapids, Iowa. Kuvare also […]
The current Whole Life II product is being discontinued due to new regulations going into effect January 1, 2020. A new version of the plan, Whole Life II (2019)1, which has higher premium rates, will replace the current product. In order to get the current rates, a signed term conversion application and all final delivery […]
Upcoming fund changes will affect Lincoln Benefit Life’s (LBL’s) variable life products. Invesco is acquiring all Oppenheimer Funds on or about May 27, 2019. As a result, the Oppenheimer fund names are changing. A list of the changes by product are included in the links below. Consultant Accumulator Consultant Protector Consultant SL Consultant VUL Investor’s […]
In response to the significant storms that impacted Christian County, Lincoln Benefit Life Company (LBL) has implemented the following guidelines: Moratorium on cancellations and nonrenewals. For customers in the impacted areas that contact LBL, we will withdraw any cancellation or nonrenewal notice issued on or after November 23, 2018, on any in-force policy issued to an […]
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 […]