MEMBERS Life Insurance Co has issued a significant update regarding its operations following a cybersecurity incident that disrupted its ability to process new contract applications. The company has begun to issue contracts for pending applications that were received before and during the outage, indicating a phased approach to restoring normal operations.

This announcement is crucial for MEMBERS Life Insurance Co as it seeks to reassure clients and stakeholders about its recovery efforts. The incident highlights the persistent cybersecurity threats facing the life insurance industry, where protecting sensitive customer data is paramount.

Background

MEMBERS Life Insurance Co, classified under the SIC code 6311 for Life Insurance, is based in Waverly, Iowa. The company primarily operates in the investment sector, focusing on providing life insurance products. Recent filings include a series of forms related to contract updates, with the latest being filed on November 3, 2026, under the accession number 0001562577-26-000378.

What the Filing Says

The filing states, "We have begun issuing Contracts for pending applications received before and during the outage resulting from the cybersecurity event." It emphasizes that this process will occur in phases, with the expectation that contract issuance will continue over the next several weeks.

Impact

This update affects both current and potential policyholders of MEMBERS Life Insurance Co, as it directly relates to their applications for insurance contracts. The filing indicates that contracts for applications received in good order will be treated as if they had been issued on the date they would have been issued if the outage had not occurred. This approach aims to mitigate any negative impact on customers due to the delay.

What's Next

The filing does not specify what happens next beyond the ongoing processing of pending applications. However, it indicates that the company will continue to provide updates as necessary.