CBLife

What CBLife does

CBLife, formally Colorado Bankers Life Insurance Company ("CBL"), is a North Carolina-domiciled life insurance carrier that is no longer operating as a going concern. Prior to dissolution, CBL underwrote traditional life insurance contracts — death benefits, policy surrender values, and related products — marketed to individual policyholders across multiple US states. The company distributed through licensed insurance agents and brokers and operated policy administration systems with an online policyholder portal at policyaccess.com/cbl for the portion of policy benefits not absorbed by state guaranty associations, and a separate portal at policyaccess.com/ColoradoBankersLife for benefits covered by state guaranty associations. The core technology stack is described as standard insurance policy administration; no proprietary platform features, AI/ML capabilities, or third-party integrations are disclosed.

Following multi-year regulatory proceedings instituted by the North Carolina Department of Insurance, CBL entered a Consent Order of Rehabilitation, was subject to a Memorandum of Understanding (MOU) Judgment and Order on May 18, 2022 (affirmed by the North Carolina Court of Appeals on June 20, 2023), received an Order of Liquidation on December 30, 2022, an Order from the North Carolina Supreme Court on August 21, 2024, and finally an effective court-ordered liquidation on November 30, 2024. The North Carolina Insurance Commissioner serves as the court-appointed Liquidator. Effective with liquidation, each state's life and health insurance guaranty association covers CBL policyholders who are residents of that state, up to statutory coverage limits; any benefits above those limits become claims against the company's remaining assets after administrative expenses.

CBL's operating status is closed as of November 30, 2024. Revenue, headcount, and policy-volume metrics are not publicly disclosed in the available data. The matter is associated with a US Department of Justice indictment of Greg Lindberg, referenced in official court documents. With no active underwriting, sales force, or distribution motion, the entity's residual value is limited to runoff estate recovery, claims administration, and remaining-asset distribution under Liquidator oversight.

Name

CBLife

Legal name

Colorado Bankers Life Insurance Company

Website

https://cblife.com

Company type

Private

Operating status

Closed

Short description

Colorado Bankers Life Insurance Company (CBLife) was a North Carolina-domiciled life insurance carrier serving individual policyholders across multiple US states. The company entered court-ordered liquidation effective November 30, 2024, with policy obligations transferred to state guaranty associations.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industry

Life & Health Reinsurance Run-off / Legacy Portfolio Management (FSAOAAAJ)

Keywords

• Life insurance coverage
• Insurance policyholder services
• Insurance policy administration
• Insurance premium collection
• Life insurance liquidation

Headquarters

HQ city

Durham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Life Insurance Premiums: Colorado Bankers Life Insurance Company collected insurance premiums from policyholders in exchange for life insurance coverage and related benefits. The company operated as a traditional life insurance carrier prior to its court-ordered liquidation.

Distribution channels1 record

Core offering

Colorado Bankers Life Insurance Company (CBLife / CBL) sold life insurance products — including death benefits and policy surrender values — to individual policyholders across multiple U.S. states. The company is currently in court-ordered liquidation effective November 30, 2024; policy obligations are now covered by state life and health insurance guaranty associations subject to statutory limits, and the website supports policyholder notices, forms, and claims.

Differentiator

Problem solved

Functional benefit

Products and services

• Colorado Bankers Life Insurance policies Life insurance coverage and related policyholder benefits (including death benefits and policy surrender values) issued by Colorado Bankers Life Insurance Company to individual policyholders across multiple U.S. states. Following the November 30, 2024 court-ordered liquidation, policy obligations are now covered by state life and health insurance guaranty associations subject to statutory coverage limits.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• State Life and Health Insurance Guaranty AssociationscoreOthers · 30 November 2024When liquidation was ordered, each state's life and health insurance guaranty association provides coverage to the company's policyholders who are residents of that state, up to coverage limits specified by state laws. This is a regulatory mechanism rather than a voluntary commercial partnership.

Scale indicators1 record

Recent moves6 records

Broad incumbents

• Prudential Financial: Major U.S. life insurer and retirement services provider with a broad individual life and group insurance franchise. Relevant as a direct life insurance peer at the broad-incumbent level for sizing and product-mix comparison.
• MetLife: One of the largest U.S. life insurance carriers, offering individual life, annuities, and group benefits. Comparable as a benchmark life insurance carrier that contrasts sharply with CBL in scale, capital strength, and operating status.
• Athene Holding (Apollo Global Management): Leading retirement services and life insurance acquirer that has historically purchased blocks of life/annuity business, including from insurers in distress. Relevant as a potential acquirer type for residual CBL policy/asset blocks.
• Lincoln National Corporation: Large multi-line life insurance and retirement provider (LifeCo). Comparable at the broad-incumbent level for individual life insurance and annuities products similar to those historically offered by CBL.
• New York Life Insurance Company: Mutual life insurer offering whole life, term life, and long-term care coverage. Comparable broad-incumbent life insurer and a representative example of a well-capitalized peer to CBL's historical product set.

Direct peers

• Penn Treaty American Corporation: Long-term care and life insurer that was placed into rehabilitation and subsequent liquidation, with policy obligations similarly backstopped by state guaranty associations. Highly comparable as another life/health insurer in run-off with multi-year regulatory proceedings.
• Southland National Life Insurance Corporation: Another life insurer under the same North Carolina rehabilitation/liquidation process and reported in the same quarterly reports as CBL. Directly comparable given shared ownership, regulatory oversight, and wind-down status.
• Senior Health Insurance Company of Pennsylvania (SHIP): Senior health and life insurer that entered rehabilitation and was ultimately ordered into liquidation, with state guaranty associations covering eligible policyholders. Closely mirrors CBL's life insurance run-off and regulatory supervision pattern.
• Bankers Life Insurance Company: Co-rehabilitated entity sharing the same North Carolina receivership and quarterly reports as Colorado Bankers Life Insurance Company. Directly comparable as a fellow life insurer under the same Special Deputy Rehabilitator.

Others

• National Organization of Life and Health Insurance Guaranty Associations (NOLHGA): Coordinating body for the state life and health insurance guaranty associations that are currently absorbing a portion of CBL's policy obligations. Relevant as the institutional counterparty defining the policyholder coverage framework for CBL's run-off.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CBLife