SBLI USA Mutual
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UPDATED: Aug 20, 2020
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- SBLI USA Holdings Inc
- S.USA Life Insurance Company
- SBLI USA Diversified Services Company
Company History: SBLI USA’s predecessor, The Savings Banks Life Insurance system, was founded in 1939, inspired by U.S. Supreme Court Justice Louis Brandeis. In the 1990’s the SBLI merged the SBLI Fund and the 16 affiliated insurance departments of issuing banks. This merge led to the founding of a single mutual company under the title SBLI USA Mutual Life Insurance Company. Today the company has over $12 billion of insurance in force.
Principle Sales Methods: Career and independent agents and brokers, plus computerized direct response.
Life Annuity Business: SBLI USA sells Whole and Term Life, Disability insurance, and Tax Deferred Single Premium Annuity plans through tradition channels nationwide, plus Simple Issue Term, SeniorLife and AD&D coverages through its Direct Respone system.