SBLI USA Mutual Life Insurance Company, Inc. is a prominent life insurance provider, dedicated to its objective to assist people, families and societies to get information to enable achieve financial objectives.
In 1939 the Savings Bank Life Insurance Fund was established by former U.S. Supreme Court Justice Louis Brandeis.
The company specializes in the selling of Complete and Term life insurance along with Disability insurance. SBLI USA also provides Annuity plans, Senior Life and Accidental Death & Dismemberment insurance. The company provides an exclusive marketing system enabling customers to communicate either by phone, over the internet or in person.
This is a good option for a person that has cash not required right now, and wants guaranteed life insurance protection. To offer the family or charity with a later payment, single-premium life insurance can be the best product for you. The minimum investment payment is mostly $5,000.
Lines of Insurance:
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
Company Rating: A-
Company Financial Status:
Assets & Premiums: 2006 Assets: $1.5+ billion
There are two primary single-premium policies that provide several investment options. First, there is single premium whole life, which offers a fixed interest. The other option is single premium variable life that enables policy owners to choose from a great number of professionally organized money market, stock, and bond.
The volume of the death benefit is based on the amount invested and the health and age of the insured person. Some SPL policies also offer tax-free access to the death benefit to make payment for long-term care expenses. These features can also help protect other valuables from the cost of long-term care. On the demise of the policy owner, the death benefits pass income tax free to the beneficiaries.
The advantages of single premium life insurance include earnings that collect tax deferred, a beneficiary gets an immediate, tax-free death benefit, and policy holders retains the access to their money to face any unseen circumstances.
SBLI USA Mutual
President Vikki L. Pryor
460 West 34th Street, Ste. 800
New York, NY 10001-2320
Where to send complaints:
SBLI USA customer service
Newark, NJ 07101-9697