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Mission Statement:
We help individuals, families and communities access information and products to achieve financial goals. Our focus is service, affordability, preservation and growth of policyholder value. Our business philosophy blends financial strength and innovation. We are rooted in a deep belief in human potential.
Established:
SBLI USA Mutual Life Insurance Company, Inc. - 2000
Savings Banks Life Insurance system - 1939
Headquarters:
460 West 34th Street, New York, New York 10001-2320
Phone: 212-356-0300 URL: www.sbliusa.com
Operations Center:
Newark, New Jersey
Customer Centers:
New York, New York Buffalo, New York
Bayamón, Puerto Rico Chicago, Illinois (S.USA)*
Business Development Center:
Glendale, California (S.USA)*
Principal Officers:
Vikki L. Pryor, President and Chief Executive Officer
Michael Akker, Executive Vice President and Chief Operating Officer
Robert Damante, Executive Vice President and Chief Financial Officer
Debra E. Klugman, Senior Vice President, General Counsel and Secretary
Corporate Structure:
SBLI USA Mutual Life Insurance Company, Inc. is the parent company to SBLI USA Holdings, Inc., which owns subsidiary companies S.USA Life Insurance Company, Inc. and SBLI USA Diversified Services Company.
Assets:
More than $1.5 billion, including $127 million in surplus capital.
Associates:
200
Policyholders:
Over 300,000 nationwide and more than $15.8 billion of insurance in force. SBLI USA, together with its subsidiaries, is licensed to do business in 49 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.
Core Products:
- Whole Life - lifetime coverage with level premiums and cash value that accumulates tax-deferred
- Term Life - quality term coverage with premiums that stay level for up to 30 years
- Children's Single Premium Term - policies that can be converted to whole life policy when a child turns 21
- Simple Issue Term - coverage up to $150,000, generally with no medical exam required**
- Accidental Death and Dismemberment - coverage from $25,000 to $150,000
- SeniorLife - Whole Life for seniors of up to $20,000 in coverage, with guaranteed acceptance
- Employee Group Life Insurance - Flexible coverage from $10,000 to $500,000
Annuity:
SBLI USA Select ChoiceSM - a single-premium, tax-deferred annuity with a guaranteed interest rate.
Distribution Channels:
SBLI USA's products are available through an integrated multi-channel distribution system that includes banks, walk-in customer centers, telesales, direct mail and the Internet.
Some Key Bank Partners:
Apple Bank for Savings, Astoria Federal Savings Bank, Capital One Bank, Emigrant Savings Bank, First Niagara Savings Bank, Flushing Savings Bank, KeyBank N.A., National City Bank Corp., New York Community Bank, Pioneer Savings Bank, The Bank of Greene County
Customer Service:
Electronic payment options
Multi-lingual (Spanish), toll-free call center capability
Multi-lingual (Spanish) self-service on the Web at www.sbliusa.com
Awards:
Crain's New York Business, Best Places to Work in New York City
Cisco System, Inc., Growing With Technology Award
Girls Inc., Corporate Vision Award
LINC TELACU, Chancellos Circle Award
Newark Now, Spirit of Newark Honoree and the Corporate Achievement Award
United Way, Champion Award
Urban Bankers Coalition, Inc., Distinguished Community Service Award
Note: All information is current as of the filing of the Company's most recent Annual Statement. The information contained herein may be subject to change.
* Business in the Chicago and Glendale locations is conducted by SBLI USA's wholly owned subsidiary S.USA Life Insurance Company, Inc. S.USA is not licensed in the State of New York and does not solicit business in New York. Not all products are available in all states.
** Based on the answers given to the application questions, proof of insurability may be required.
Policies have exclusions, limitations, reductions of benefit and terms for keeping them in force. Please speak to a representative for details.
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