Post by Continental General

We are pleased to announce that Continental General has completed the acquisition of two blocks of insurance policies from the state life and health insurance guaranty associations through transactions coordinated by the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA). The acquired blocks are made up of approximately 91,000 final expense and traditional life insurance policies, annuities, and accident and health policies that were originally issued by Bankers Life Insurance Company and Colorado Bankers Life Insurance Company. The transaction marks the first between Continental General and NOLHGA on behalf of the Guaranty Associations, and it is the first in a series of pending related transactions among the parties. Effective January 1, 2026, we assumed the Guaranty Associations' covered obligations for the CBLIC and BLIC policies, including all related liabilities and assets. As a result of this transaction, the policyholders will benefit from Continental General’s specialized expertise in managing financial risk. We look forward to providing policyholders and their families with a stable, long-term home at Continental General. Click the link to read the full press release: https://lnkd.in/gD-wQxmd