SBLI Life Insurance

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Last updated July 22, 2009

About SBLI

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. To this day, the company is dedicated to providing safe, low cost life insurance to their policyholders.

SBLI Life Insurance Says

SBLI offers a variety of life insurance types and coverage options such as term, whole, and children’s life. 

SBLI’s term life Insurance provides:

• Expenses at the time of insured’s death: medical bills, burial costs, and estate taxes.
• Ongoing family expenses, like a mortgage, day care, tuition, debt repayment and retirement accounts.
• Future family expenses, like children’s college tuition, elder care, moving, or finding a new job.

SBLI’s whole life insurance policy provides:

• Families are financially protected for their entire life
• Premiums/payments never change
• Customers may borrow the guaranteed cash value of the policy
• Customers never have to renew or convert the policy
• The policy may earn dividends that can be used to purchase more paid up life insurance, reduce premiums, or accumulate interest.
• Families will have help in meeting current and future financial obligations after insured dies including:

• • Expenses at the time of insured’s death, such as medical bills, burial costs and estate taxes;
  • Ongoing, future and unforeseen expenses: living expenses, tuition, child care, debt.

SBLI’s children’s life insurance provides benefits above and beyond what a basic life insurance policy would offer.  It is low-cost life insurance designed specifically for the needs of children and their caregivers.

Contact SBLI at:

SBLI
One Linscott Road
Woburn, MA 01801
Telephone: (800) 694-7254

Sources:  “Our History”, SBLI web site, 2009;  “Contact Us”, SBLI web site, 2009; Life Insurance basics, SBLI web site, 2009.

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