SBLI (Savings Bank Life Insurance Co of Mass)
In 1907 Louis D. Brandeis, a prominent Boston attorney, recognized a need for low cost life insurance. His idea was to have savings banks in Massachusetts offer life insurance, and he established the savings bank life insurance system to accomplish this objective. Today, we still sell life insurance through many banks. However, we have also been selling our products directly to the consumer for over ten years now. Most importantly, we have never wavered from our dedication in providing safe, low cost life insurance for our policyholders.
- 1907 — SBLI was established
- 1930 — $100 million of life insurance in force
- 1953 — Assets reached $100 million
- 1964 — $1 billion of life insurance in force
- 1998 — Over $20 billion in force
- 2000 — Assets passed $1.3 billion
- 2003 — Over $50 billion in force
- 2004 — Annuity consideration grew to $55M
- 2005 — Record sales results achieved; $9.7 billion in New Ordinary Life Issued.
- 2006 — Company record set for first year premium.
- 2007 — Exceeded $2 billion in total assets for the first time.
- 2008 — Expanded coverage into 24 states and the District of Columbia.
Life Insurance Products
Term Life Insurance
- Guaranteed Level Premium Term Life Insurance
- Yearly Renewable Term Life Insurance
Whole Life Insurance
- Straight Life
- Limited Payment Life
- Single Premium Life
Children’s Life Insurance
- SBLI offers a whole life insurance plan that covers your child for his/her entire life, as long as premiums are paid when due.
