SBLI USA Mutual

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jun 8, 2021

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Company Details
Address: 460 West 34th Street
City: New York
State: NY
ZIP Code: 10001-2320
Phone Number: 212-356-0300
AM Best Rating: B
URL where was collected the AM Best Rating: http://www3.ambest.com/
Lines of Insurance: life, disability
States Licensed To Sell Insurance In: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY
Type of Insurance Company: Mutual
Top executive Contact: Michael Akker
Title of Top executive: President and Chief Executive Officer
Assets & Premiums: Assets: $1.5 billion
Insurance subsidiaries:
  1. SBLI USA Holdings Inc
  2. S.USA Life Insurance Company
  3. SBLI USA Diversified Services Company
Company Rating 1 (3 reviews)

Company Overview:

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 1990s the SBLI insurance organization 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 in the insurance marketplace and are well known for their affordable life insurance policies.
Principle Sales Methods: Career and independent agents and brokers, plus computerized direct response.
Life Annuity Business: SBLI USA Life Insurance Company sells Whole and Term Life, Disability insurance, and Tax-Deferred Single-Premium Annuity plan through traditional channels nationwide, plus Simple Issue Term, SeniorLife, and AD&D coverages through its Direct Response system.

3 Comments

  1. Anonymous February 1, 2018
  2. Anonymous November 9, 2018
  3. Anonymous August 6, 2019

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