The Bankers Life office in Denver, Colorado has provided our community with knowledgeable life insurance, health insurance, annuities, and retirement planning recommendations. COLORADO BANKERS LIFE INSURANCE COMPANY . Special Deputy Rehabilitators Do you have a question about the partial withdrawal distribution check you received? Obtain a loan against the life insurance policy. Annuity withdrawals are subject to income tax and withdrawals prior to age 59½ may also be subject to an IRS penalty. If you have any questions, please visit the Colorado Bankers Life Web Site . Colorado Bankers Life Insurance Co. - Colorado Bankers Life: 1-800-367-7814 - Bankers Life: 1-800-839-2731 Sincerely yours, Michael Dinius . General Information . Response. The cash can then be used however you’d like–add to your retirement income, pay off debts, or cover emergency expenses. BANKERS LIFE INSURANCE COMPANY . For questions about a Bankers Life check received, please call Bankers Life customer service at 1-800 839-2731. PRODUCER FREQUENTLY ASKED QUESTIONS . Updated August 26, 2019 . to www.cblife.com review information from the North Carolina Department of Insurance, including the application for a hardship distribution. 4 Annuity guarantees are backed by the claims-paying ability of Colorado Bankers Life Insurance Company®. Annuities are designed for long-term accumulation of money; surrender and withdrawal fees may apply on early withdrawals. For questions about a Colorado Bankers Life check received, please call Colorado Bankers Life customer service at 1-800 367-7814. Our team of experienced insurance agents and Financial Representatives is proud to help our customers achieve a secure financial future and peace of mind. (RMD distributions are included in the 10% free withdrawal amount.) What are the best phone numbers to call with questions? Acquiring a loan means that you do not pay taxes at the time of the withdrawal. Colorado Bankers Life Insurance Company has partnered with Kurtzman Carson Consultants LLC (KCC) as our administrator for this process. CBLife appreciates the opportunity to address the reviewer's concerns regarding her premium payments. SOUTHLAND NATIONAL INSURANCE CORPORATION . You may also contact the Companies at (800) 367-7814. 12/16/2020. Bankers Life’s permanent life insurance policies offer living benefits, which build cash value that you can access through loans and withdrawals. 1. We observe the following holidays: New Year’s Eve Day, New Year’s Day, Dr. Martin Luther King Jr. Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the day following Thanksgiving, Christmas Eve Day and Christmas Day. Keep in mind that if there is any lapse in the life insurance policy coverage, you may need to come up with the money to pay the taxes on the portion of the cash value that is greater than your premium payment amount. 16) How will death claims on annuity contracts be handled? The surrender charge period is typically 3 to 7 years after you purchase the annuity. Colorado Bankers Life Insurance Company is open Monday through Friday 8 AM to 6 PM Eastern Time. John Murphy . Colorado Bankers Life Insurance Company, Bankers Life Insurance Company, Southland National ... is the time frame during which the owner cannot withdraw funds without incurring a surrender charge. Withdrawal Charges If a policyowner is required to take a Required Minimum Distribution (RMD) on a tax-qualified annuity, the withdrawal charges are waived on any RMD amount that exceeds the 10% free withdrawal provision. Accumulation of money ; surrender and withdrawal fees may apply on early withdrawals Insurance... 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