0000826734-13-000175.txt : 20130930 0000826734-13-000175.hdr.sgml : 20130930 20130930131905 ACCESSION NUMBER: 0000826734-13-000175 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130930 DATE AS OF CHANGE: 20130930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN BENEFIT LIFE CO CENTRAL INDEX KEY: 0000910739 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 470766853 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-180375 FILM NUMBER: 131122441 BUSINESS ADDRESS: STREET 1: P O BOX 80469 STREET 2: 2940 SOUTH 84TH ST CITY: LINCOLN STATE: NE ZIP: 68501 BUSINESS PHONE: 4024794061 MAIL ADDRESS: STREET 1: PO BOX 80469 STREET 2: 206 S 13TH STREET CITY: LINCOLN STATE: NE ZIP: 68501 424B3 1 lbl424b3supp180375.htm lbl424b3supp180375.htm

 
LINCOLN BENEFIT LIFE COMPANY
 
Supplement Dated September 30, 2013
To the following Prospectuses, as supplemented

 
CONSULTANT SOLUTIONS (CLASSIC, PLUS, ELITE, SELECT) PROSPECTUS DATED MAY 1, 2013
CONSULTANT I PROSPECTUS DATED MAY 1, 2013
LBL ADVANTAGE PROSPECTUS DATED MAY 1, 2004
CONSULTANT II PROSPECTUS DATED MAY 1, 2004
PREMIER PLANNER PROSPECTUS DATED MAY 1, 2004
INVESTOR’S SELECT PROSPECTUS DATED MAY 1, 2007
 
The following information supplements the prospectus for your variable annuity contract issued by Lincoln Benefit Life Company.
 

The following paragraphs are added to the “Lincoln Benefit Life Company” provision under the “More Information” section or the “Description of Lincoln Benefit Life Company and the Separate Account” section of your prospectus:
 
On July 17, 2013, Allstate Life entered into an agreement with Resolution Life Holdings, Inc. (“Resolution”), a Delaware corporation established by Resolution Life L.P., pursuant to which Allstate Life agreed to sell Lincoln Benefit to Resolution or a wholly-owned subsidiary of Resolution (the “Transaction”).  The Prudential Insurance Company of America or an affiliate will continue to reinsure and administer the Variable Account and the Contracts.  The benefits and provisions of the Contracts will not be changed by the Transaction.   Also, the Transaction will not change the fact that Lincoln Benefit is the named insurer under your Contract.  Following the Transaction, Lincoln Benefit will no longer be an affiliate of Allstate Life.
 
The Transaction and certain related agreements are subject to required regulatory approvals.  Subject to the receipt of such regulatory approvals, the Transaction is targeted to close in the 4th quarter of 2013.
 
Upon receipt of regulatory approvals, Lincoln Benefit will amend and restate its existing reinsurance arrangements with Allstate Life.  Lincoln Benefit will recapture, and Allstate Life no longer will reinsure: (i) all fixed deferred annuity, value adjusted deferred annuity and indexed deferred annuity business written by Lincoln Benefit, (ii) all of the life insurance business written by Lincoln Benefit through independent life insurance producers other than certain specified life insurance policies and (iii) all of the net liability of Lincoln Benefit with respect to the accident and health and long-term care insurance business written by Lincoln Benefit (the “Recapture”).  The benefits and provisions of the Contracts will not be changed by the Recapture, and the Recapture will not change the fact that Lincoln Benefit is the named insurer under your Contract.
 
Pursuant to the Recapture, Allstate Life will transfer to Lincoln Benefit, for inclusion in its general account reserves, cash and specified assets with an aggregate statutory book value equal to net statutory general account reserves attributable to the recaptured business, adjusted for the final settlement amount under the applicable existing reinsurance agreements between Lincoln Benefit and Allstate Life that are being amended and restated in connection with the Transaction.
 
If you have any questions, please contact your financial representative or our Variable Annuity Service Center at (800) 457-7617.  Our representatives are available to assist you from 7:30 a.m. to 5 p.m. Central time.
 
Please read the prospectus supplement carefully and then file it with your important papers.  No other action is required of you.