WOBURN, Mass.--(BUSINESS WIRE)--SBLI of Massachusetts today announced the launch of six whole life products and eight riders.
The products—continuous pay, single premium, 10-, 15-, and 20-payment, and paid-up at age 65—feature robust guaranteed cash values as well as high current cash values in the first 15 years of coverage. Each product will participate in SBLI’s dividends, and the company’s best rate class is available for policies with face values as low as $100,000. Those qualifying for SBLI’s standard rate class can get policies with face amounts as low as $25,000.
An accelerated death benefit rider is included at no premium charge with every SBLI whole life product. Other riders can be purchased, including waiver of premium, children’s level term, single-pay paid–up additions, accidental death benefit, flex-pay paid-up additions, guaranteed level term, and guaranteed purchase option.
“Our new whole life products and riders provide the flexibility to meet diverse insurance needs as well as dividend integrity and the combination of guaranteed cash values and death benefits that more and more financial professionals are seeking for their clients. Also, we’re confident that agents and consumers will find our premium rates quite competitive among other companies’ whole life products,” said SBLI Senior Vice President and Chief Distribution Officer Denis J. Clifford. “Going forward, SBLI will continue to develop ‘no nonsense’ products which meet a broad spectrum of financial needs.”
About SBLI of Massachusetts
Conceived by U.S. Supreme Court Justice Louis D. Brandeis, SBLI was established in Massachusetts in 1907. The Company is currently licensed in 49 states and the District of Columbia, and is a leading provider of affordable, dependable life insurance products. For more information, visit www.sbli.com.