EXECUTIVE LIFE INSURANCE COMPANY (CALIFORNIA)

Date of Liquidation:  December 6, 1991

Brief Summary: 

Executive Life Insurance Company (“ELIC”) was an issuer of large life insurance policies,  structured settlement annuities and group annuities.  A liquidation order was entered for ELIC on December 6, 1991.  The court ultimately approved a rehabilitation plan for ELIC in 1993.  This rehabilitation plan transferred certain ELIC assets and policy obligations to Aurora National Life Assurance Company (“Aurora”).  The Guaranty Association makes payments to Aurora for ELIC policies and contracts covered by the Guaranty Association, generally in the same year Aurora makes payments to the policyholders, with Aurora acting as the paying agent for the Guaranty Association. 

Contact Information: 

Policyholders with questions regarding annuities call:  (800) 638-7732 

Policyholders with questions regarding life contracts call: 
(800) 638-6819