Executive Life Insurance Company
Estate Manager: Willard Roberts
Email Address: elic@caclo.org
Telephone Number: (415) 676-5000
Conservation Date: 04/11/1991
Liquidation Date: 12/06/1991
Closure Date: 08/15/2022
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The Commissioner filed an Application for the approval of a final distribution of approximately $80 million to occur on or about July 1, 2020 and to close the Executive Life Insurance Company Estate. If the Application is approved, Aurora will receive and distribute 66.1% of the funds for the benefit of Opt In contract holders and the Opt Out Trust will receive 33.9% of the funds for the benefit of Opt Out contract holders. Opt Out contract holders must respond to a pre-distribution mailing estimated to occur in January 2020 in order to receive their share of the distribution. Following the final distribution, all undistributed funds and uncashed checks will be escheated to the owner of record at their state's unclaimed property division. The following is a link to view the Application and related filings: Final Distribution and Closing Application