SBLI USA Mutual
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Written by
Jeffrey Johnson |
UPDATED: Jun 8, 2021
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- SBLI USA Holdings Inc
- S.USA Life Insurance Company
- SBLI USA Diversified Services Company
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.