The Savings Bank Life Insurance Company of Massachusetts is committed to providing value, quality, and stability you can count on. SBLI has the largest amount of life insurance in force in the state of Massachusetts. We’ve continually expanded our product offerings.
Providing life insurance since 1907
The Savings Bank Life Insurance Company of Massachusetts is committed to providing value, quality, and stability you can count on. SBLI has the largest amount of life insurance in force in the state of Massachusetts. We’ve continually expanded our product offerings. SBLI insurance products are now available to consumers in Arizona, Arkansas, California, Colorado, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, and Wisconsin.
A History of Growth
In 1907 Louis D. Brandeis, a prominent Boston attorney, recognized a need for low cost life insurance. His idea was to have savings banks in Massachusetts offer life insurance, and he established the savings bank life insurance system to accomplish this objective. Today, we still sell life insurance through many banks. However, we have also been selling our products directly to the consumer for over ten years now. Most importantly, we have never wavered from our dedication in providing safe, low cost life insurance for our policyholders.
* 1907 — SBLI was established
* 1930 — $100 million of life insurance in force
* 1953 — Assets reached $100 million
* 1964 — $1 billion of life insurance in force
* 1998 — Over $20 billion in force
* 2000 — Assets passed $1.3 billion
* 2003 — Over $50 billion in force
* 2004 — Annuity consideration grew to $55M
* 2005 — Record sales results achieved; $9.7 billion in New Ordinary Life Issued.
* 2006 — Company record set for first year premium.
* 2007 — Exceeded $2 billion in total assets for the first time.
* 2008 — Expanded coverage into 24 states and the District of Columbia.