Savings Bank Life Insurance Company of Massachusetts, also known as SBLI, was established in 1907 and is the largest life insurer in the state of Massachusetts. Their slogan is “The No Nonsense Life Insurance Company” and they are just that – no nonsense, no gimmicks, low cost term life insurance. SBLI is almost always among the least expensive term life insurers, especially for young and healthy individuals. The company maintains an A+ financial rating from A.M. Best and offers the following products:
SBLI Term – A term life insurance policy that guaranteed premiums and death benefits for the period of time that you choose. Available options include 10, 15, 20, 25, and 30 years. Can be converted to whole life insurance with no additional underwriting, regardless of health.
SBLI Whole Life – A whole life insurance policy with premiums, cash value, and death benefits fixed and guaranteed for life. This policy is also eligible to receive dividends that can increase your cash value, increase the total death benefit with the use of paid-up additional life insurance, or reduce your premiums.
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