Company Information

Get to know CL Life and Annuity Insurance Company

CL Life and Annuity Insurance Company, formerly known as Conseco Life Insurance Company, is an insurance provider specializing in a portfolio of life and annuity products. It is a key subsidiary of CNO Financial Group, Inc. (NYSE: CNO), a holding company for a group of insurance companies serving middle-income America. CL Life primarily manages and services a block of existing policies. While new business is primarily written through other CNO brands like Bankers Life, Washington National, and Colonial Penn, CL Life remains an active and licensed entity responsible for its policyholder obligations.

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Financial InsurancePRIMARY
Financial Other Service

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CL Life and Annuity Insurance Company

United States

Founded in

1978 (48 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.