SBLI

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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.

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SBLI Insurance Brokerage Term Life Insurance Product Comparison Chart

	Guaranteed Level Premium Term	Yearly Renewable Term
Coverage	To age 85.	To age 75. But extends coverage on a decreasing term basis from age 75 through 90.
Amounts Available	$100K to max. $10MM. $500K max for ages 70 - 74.	$25K to $10MM. (Note: Coverage amounts from $25,000 to $99,999 are available only for Standard Non-Nicotine and Standard Nicotine classes.)
Ages Available	20 to 74 years for Non-Nicotine. 20 to 70 years for Nicotine.	20 to 65 years.
Riders Available	Waiver of Premium (not available in NC or TN). Children's Rider (not available in AR, CA, FL, GA, HI, IA, IL, IN, KS, KY, LA, MD, MO, NV, OH, OK, SC, TX, VT, or WI).	Waiver of Premium (not available in NC or TN). Children's Rider (not available in AR, CA, FL, GA, HI, IA, IL, IN, KS, KY, LA, MD, MO, NV, OH, OK, SC, TX, VT, or WI).
Convertible	This policy may be converted to a level premium whole life policy on any premiums due date which is the earlier of age 70 or end of the Level Term period.	To any level premium whole life plan offered by SBLI, to age 65.
Premium Payment Options	Annual, semiannual, quarterly, and monthly (EFTs only).	Annual, semiannual, quarterly, and monthly (EFTs only).
Free Look Period	30 days.	30 days.

Guaranteed Level Premium Term Life Insurance

As the name implies, this type of term life insurance has premiums that remain level (fixed for a period of time). The price you pay will never go up or down during this period! Your premium is based on your age at the time you purchase the policy and it does not change during the guaranteed premium period. It functions exactly as we described above, and can cover you until you reach 85 years of age. Keep in mind after the guaranteed level premium period that you choose ends, the premium will go up until age 85 when the policy ends.

SBLI offers the following guaranteed level premium term life insurance options:

• Guaranteed Level Premium duration choices: 10, 15, 20, 25, or 30 years
• Policy amount available: from $100,000 to $10 million ($500,000 maximum coverage for ages 70-74)

At the earlier of age 70 or at the end of the guaranteed level premium period, you can convert your level term life insurance policy to an SBLI whole life insurance policy, without having a paramedic exam or providing additional proof of insurability. Your coverage amount will be for a face amount not greater than the face amount of your existing guaranteed level premium term life insurance policy.

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Yearly Renewable Term Life Insurance

As the name implies, this type of term life insurance renews every year. Each year, the premium you pay will be calculated based on your current age. It is very inexpensive in the early years and then increases as you get older. The plan will automatically renew every year until you reach the age of 90 and you will not be required to have a paramedic exam or provide proof of insurability each year. The term life insurance premium may increase annually.

If you need coverage from age 75 to 90, you are able to continue the plan with a fixed term life insurance premium, but your coverage amount will decrease annually.

At any time up until you reach the age of 65, you can convert your yearly renewable term life insurance policy to an SBLI whole life insurance policy, without having a paramedic exam or providing additional proof of insurability. Your coverage amount will be for a face amount not greater than the face amount of your existing yearly renewable term life insurance policy.