Savings Bank Life Insurance Company of Massachusetts was founded in 1907 by Louis D. Brandeis, a prominent Boston attorney, with a concept of selling life insurance through savings banks in Massachusetts. Today, the company offers its products through savings banks as well as directly to consumers in 39 states including District of Columbia.
Savings Bank Life Insurance offers a variety of life insurance and
annuity products and has the largest amount of life insurance in force in the state of Massachusetts. The products offered by Savings Bank Life Insurance are:
Life Insurance: Offers term life plans that provide
protective cover for a specified period and whole life insurance plan that gives insurance protection and accumulates cash surrender value.
Children's Life Insurance: A combination of term and whole life policies designed specifically for the needs of children and their caregivers.
Fixed Annuities: Traditional fixed annuities that offer tax deferred growth until withdrawal and guaranteed
interest rates for a specified period.
Income Annuities: Single Premium Immediate Annuity that can be purchased with a single payment and provide regular income at specified intervals.
| Savings Bank Life Product Reviews |
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| General Information |
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| Website | http://www.sbli.com/ |
| Type | Insurance Company |
| Founded | 1907 |
| Ownership | |
| Country | USA |
Information & Articles about Savings Bank Life
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