The Critical Situation at Custodian Life: What You Must Know

Custodian Life Limited is a Bermuda-based life insurance company that previously operated under the Bermuda Monetary Authority’s (BMA) oversight. It offered investment-linked insurance plans, wealth management services, and retirement products — marketed as flexible, tax-efficient ways to build wealth and protect families.
However, the company’s standing has drastically deteriorated, and its regulatory environment has become a battleground.

In November 2023, the Bermuda Monetary Authority (BMA) filed a petition to place Custodian Life into provisional liquidation — a move reserved for companies deemed financially unstable or in breach of regulatory obligations.

As a result:

• All redemption requests from policyholders have been suspended indefinitely.
• The company is now under the control of court-appointed Joint Provisional Liquidators.
• Policyholders have no access to their investments and no clear timeline for resolution.

This is not a routine restructuring — it is an extreme regulatory intervention.

Provisional liquidation typically signals deep underlying financial distress, management failure, or severe breaches of compliance obligations.

Although Custodian Life previously maintained a strong capital base, that no longer offers comfort: regulatory authorities clearly found sufficient cause to intervene and seize operational control.

Questions have also been raised about the effectiveness and transparency of Bermuda’s regulatory framework itself, further complicating Custodian Life’s prospects.

At this stage:

• Investments are frozen. Policyholders cannot redeem, transfer, or make changes to their portfolios.
• The future of Custodian Life’s product offerings is entirely uncertain.
• There is a real possibility of permanent loss of value or severe restructuring of investment products.

Liquidators are primarily tasked with protecting creditors — not necessarily safeguarding policyholders’ original terms or investment value.

Prior to liquidation, Custodian Life promoted:

• Life Insurance Plans: Policies designed to protect families financially.
• Investment-Linked Plans: Hybrid insurance and investment vehicles tied to global markets.
• Retirement and Wealth Management Products: Long-term savings vehicles with exposure to various asset classes.

All of these products are now affected by the liquidation proceedings, and no guarantees about payout timelines, asset recovery, or future management can be made.

If you have invested with Custodian Life:

• Your capital is at immediate risk.
• You may face significant delays — potentially years — in recovering any value.
• You may suffer reductions in value depending on the outcome of the liquidation and restructuring processes.

If you are considering investing:

• Extreme caution is essential.
• There is no current path to security or liquidity through Custodian Life.
• It is inadvisable to commit any new capital into their products until complete clarity emerges — if it ever does.

Custodian Life is no longer a stable institution.

It is in provisional liquidation, under court supervision, and policyholder funds are frozen indefinitely.

This is a serious, high-risk situation where your ability to recover funds depends entirely on legal proceedings and the decisions of the liquidators.

Immediate Action Points:

• Consult a qualified financial or legal advisor urgently if you have exposure to Custodian Life.
• Explore alternate providers for your life insurance, investment, or retirement needs.
• Diversify your holdings to avoid concentration risk.
• Stay informed — follow official communications from the Bermuda courts and Joint Provisional Liquidators closely.

In simple terms: Custodian Life is no longer a safe harbor for your money. Extreme caution — or complete withdrawal of interest — is advised.