Colorado Bankers (CB Life)...

[rats0001]

legal system in usa is a total joke

The previously scheduled bond revocation hearing as to defendant Greg Lindberg is set for October 1, 2024, 10:00 AM has been rescheduled for November 12, 2024 at 10:00 AM in Courtroom #1A, 401 W Trade St, Charlotte, NC 28202 before US Magistrate Judge David Keesler.

 

[ProActive]

Greetings, Everyone! Has anyone received any follow up letter(s) after the initial letter we received dated September 10th?

 

[Dan T]

No correspondence … 29 days to go

 

[pcast79]

Do you think we will see our money in 29 days?

 

[Dan T]

Should receive notification from state guarantee association, about what our options will be after the 30th

 

[rats0001]

If they use kroll it will probably be a mess, like the interest only payments, and the 25% one time payment.
The great thing about kroll is that when you call them, they don't know anything.

1. What do policyholders need to do now?

Policyholders do not need to do anything right now. Guaranty Associations are currently working with Actuarial Management Resources (“AMR”) to calculate Guaranty Association Covered Benefits under the circumstances. After that process is complete, and soon after the Liquidation Order becomes effective and Guaranty Associations are activated, you will receive a separate notice regarding your policy and Guaranty Association coverage. PLEASE BE SURE TO READTHIS NOTICE CAREFULLY. The notice will include instructions on how to request the forms necessary to take action with the applicable Guaranty Association concerning your policy, including but not limited to submitting claims to the extent applicable for life insurance benefits, health insurance benefits and surrendering or exchanging annuities. At that time, you may also access the online portal maintained by AMR and request a surrender or exchange of the covered portion of your annuity. However, processing of annuity surrenders and exchanges will not begin until after the Liquidation Order becomes effective and after the calculations for Guaranty Association coverage are completed. Subject to ongoing processing, covered payments are anticipated to commence as soon as reasonably practicable under the circumstances.