Articles from SBLI

SBLI today announced that its popular EasyTrak Digital Term product just got even better. In addition to the product’s existing built-in benefits, EasyTrak now automatically includes a Chronic Illness Rider, at no extra premium cost.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announced it has partnered with Swiss Re, a leading global reinsurer, to empower its life underwriters with Swiss Re’s Underwriting Ease solution, a state-of-the-art digital tool that summarizes key aspects of risks to underwriters, accelerating decisioning beyond automation.

People in their 20s and 30s often believe that they do not need an estate plan, much less life insurance. This is true particularly if they have not yet gotten married, purchased a house, had a child or accumulated sizable assets, and are preoccupied with paying off their student loans.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) today announced that it has been rated A- for financial strength by Standard & Poor’s (S&P) for 2023, with a stable outlook. SBLI has received an A- financial strength rating from S&P for 13 consecutive years.

Raising kids is a joy and a challenge and for those who are parenting solo, one thing remains true: their children depend on them alone. From work, parent-teacher meetings and coaching their child’s soccer team to homework, laundry, and cooking dinner, single parents can sometimes feel as if they’re carrying the world on their shoulders.

With the holidays approaching, people are frantically trying to find the perfect gifts for their children or grandchildren, whether it be a toy, a video game, or clothing. There is one gift, however, that they probably haven’t considered, but one that will leave a lasting legacy long after toys and clothes have been outgrown: life insurance.

“In this world, nothing is certain except death and taxes.” While we all might agree with Benjamin Franklin’s famous words, it often seems easier to manage our obligations to the IRS than it is to accept our mortality and plan ahead for our family’s financial future.

Best known as a national provider of affordable life insurance, in recent years SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has supported the creation of sorely needed affordable rental housing for low- and moderate-income tenants in Massachusetts, through the purchase of Low-Income Housing Tax Credits (LIHTCs). SBLI was founded in Massachusetts in 1907 and is still headquartered in the state; since 2014 the company’s investments have provided a total of approximately $23.7 million in financing spread across six projects in the Commonwealth, with several more committed in the next two years.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces that its charitable foundation has made a $25,000 donation to the American Red Cross to support its ongoing relief efforts for those affected by the deadly tornadoes that devastated residents of five states in the southern and central U.S. last month.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) today announced a distribution partnership with Plum Life, a life insurance technology company that offers an agent-only digital experience designed to simplify the entire process of selling life insurance, from quoting to application to issue.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) recently selected MIB Group, Inc. as their primary electronic medical data vendor. SBLI made the selection following a pilot that involved a variety of strategies to streamline the underwriting process to enhance and expedite the experience for both customers and agents by leveraging electronic health record (EHR) data rather than traditional APS records.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces that it has acquired LegacyShield®, a state-of-the-art, integrated, consumer-centric platform that helps people store, organize and share all of life’s most important information when their loved ones need it most. Included in the acquisition is Link by LegacyShield, a dynamic B2B platform that provides a digital toolkit for SBLI’s distribution partners to connect and collaborate with their customers more effectively.