SBLI Introduces Market Crest™ Multi-Year Guarantee Indexed Annuity

Innovative product offers guaranteed returns coupled with the potential for additional growth tied to positive market performance

WOBURN, Mass.--(BUSINESS WIRE)--SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces its launch of Market Crest^™, a Multi-Year Guarantee Indexed Annuity (MYGIA). This product offers the reliable growth of a multi-year guaranteed rate annuity combined with the opportunity for an interest bonus tied to the positive performance of the S&P 500^® Index*, all while avoiding any downside market risk.

“Our Market Crest Annuity from SBLI is ideal for those planning for their retirement or seeking a safe and secure home for their investment,” said Jim Morgan, president and chief executive officer of SBLI. “It is straightforward to own, protecting clients’ hard-earned money with a guaranteed floor, while offering the exciting potential of market-linked gains with uncapped bonus potential. We are thrilled to make Market Crest available through our valued distribution partnership with Insurance Agency Marketing Services (IAMS).”

IAMS is the core distribution partner of Market Crest.

“We are pleased to have partnered with SBLI in designing and distributing this innovative hybrid annuity that offers clients the peace of mind of earning an attractive minimum return with an S&P 500^® market-based index bonus. Offering clients the flexibility of 3-, 5-, and 7-year terms with options to select a 4% minimum rate and as much as a 70% participation rate will serve the best interests of many clients,” said Steve Murray, president and chief executive officer of IAMS.

Market Crest is a single-premium deferred annuity. At the end of the interest rate guarantee period, the annuity yields a return based on the higher of two values: either the total accumulated value from the guaranteed fixed interest rate or the indexed value, which is based on the performance of the S&P 500^® Index. If the indexed value is greater than the accumulated value, any excess will be credited as an interest bonus.

Key features of Market Crest are:

• Guaranteed Stability: Secures a fixed interest rate for the chosen guarantee period, safeguarding against market volatility. This is the minimum return the annuity owner will receive.

• Enhanced Earnings Opportunity: Owners gain from the possibility of a higher return linked to the S&P 500^® Index’s positive performance.

• Flexibility: Allows selection from 3-, 5-, or 7-year guarantee periods with embedded guaranteed interest rates and traditional S&P 500^® Index participation options, providing choices to meet individual financial goals.

• Tax-Deferred Growth: Owners enjoy faster asset accumulation than in taxable investments, as earnings aren’t taxed until withdrawal. This allows their money to compound more efficiently.

For rates and more information on Market Crest, visit partners.sbli.com/market-crest/.

About SBLI

For more than 115 years, SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has specialized in providing simple and affordable life insurance solutions. Whether it be term life, whole life or a plan that combines the two, SBLI offers dependable protection at a fair price. For more information, visit www.sbli.com.

About IAMS

Insurance Agency Marketing Services, Inc. (IAMS) is a leading independent marketing organization distributing annuity and life insurance products through over 10,000 producers nationwide. IAMS prides itself on developing the businesses of insurance producers through customized marketing, outstanding products, and its best-in-class service model rooted in its “2 Ring Guarantee.” For more information, visit www.iamsinc.com.

* The S&P 500^® is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI). Standard & Poor’s^®, and S&P^®, are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI). The Market Crest Multi-Year Guarantee Index Annuity is not sponsored, endorsed, sold or promoted by, Dow Jones, S&P, or any of their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for such errors, omissions, or interruptions of the S&P 500^® Index.

SBLI is a registered trademark of The Savings Bank Mutual Life Insurance Company of Massachusetts, Woburn, MA. NAIC #70435. Licensed in 49 states and DC (excludes NY). Contract and Rider Form Series: 23‐P‐SPDAMVA, 23-R-HWMIBC. Products and features may not be available in all states. SBLI is in no way affiliated with SBLI USA Life Insurance Company, Inc. © 2024 All rights reserved. 08/2024

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