Colorado Bankers (CB Life)...

[David Nyman]

Has anyone received money yet?

 

[Dan T]

the 1% payments for December to be paid on January 20th per. CBL

 

[Phyllis Christos]

At least we are getting some consistent messaging....
CBL also told me the December and partial January interest (1%) will be issued next week....

The BIG CHECK should be mailed "soon".......

hmmmm.....

I wonder if that means this week? Next week? February??

 

[Phyllis Christos]

I just feel like we are SO CLOSE.....

SO CLOSE.....

and yet.....so far??

Can hardly believe this nightmare is actually ending and this horrific rollercoaster ride is stopping soon....I just want to get off the ride and move on with my life and my money.

Did that scumbag ever get sentenced?

 

[DonP]

I just feel like we are SO CLOSE.....

SO CLOSE.....

and yet.....so far??

Can hardly believe this nightmare is actually ending and this horrific rollercoaster ride is stopping soon....I just want to get off the ride and move on with my life and my money.

Did that scumbag ever get sentenced?

Question . Are people with under $300k getting 100% of there money back ? So if someone had a $200k annuity and it grew to $275 k I'm assuming they only get the $200k back ? I'm also assuming people with over $300k will get little or nothing back above the $300k. Reading this the last 4 yrs has made me much more aware the risk of annuity's . I bet if this were a New York life those payoffs would have been in a yr or 2 max

 

[jdeasy]

Question . Are people with under $300k getting 100% of there money back ? So if someone had a $200k annuity and it grew to $275 k I'm assuming they only get the $200k back ? I'm also assuming people with over $300k will get little or nothing back above the $300k. Reading this the last 4 yrs has made me much more aware the risk of annuity's . I bet if this were a New York life those payoffs would have been in a yr or 2 max

Doesn't matter the company. If NYL failed then it would be this same process. There is no money in any state guaranty fund.

And the companies don't want to pay up. They fight it tooth and nail until they have no choice but to pay.

 

[DonP]

Executive life took 2 1/2 yrs . Colorado bankers has been 5 yrs . But your failing to realize is New York life is too big to fail just like the govt saved Aig .

 

[jdeasy]

Executive life took 2 1/2 yrs . Colorado bankers has been 5 yrs . But your failing to realize is New York life is too big to fail just like the govt saved Aig .

That wasn't the question.

 

[scagnt83]

Doesn't matter the company. If NYL failed then it would be this same process. There is no money in any state guaranty fund.

And the companies don't want to pay up. They fight it tooth and nail until they have no choice but to pay.

This is not a normal failure. The entire books were cooked and fraudulent.

 

[jdeasy]

This is not a normal failure. The entire books were cooked and fraudulent.

I know it's not. But in any failure when it goes to the State Guaranty Funds the companies do everything they can to delay paying.