Articles from The Savings Bank Mutual Life Insurance Company of Massachusetts

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) is pleased to announce a new application and submission process for its OmniTrak and EasyTrak term life insurance products that addresses consumer demand for more immediate and convenient purchasing experiences.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts), a mutual life insurance company trusted by generations of families since 1907, today launched a refreshed evolution of its brand identity. The identity marks a renewed expression of SBLI’s mission to offer “Simply Better Life Insurance” – dependable, affordable life insurance coverage.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has introduced a new advancement to its claims experience with the integration of Swiss Re’s CARE claims decision engine. Developed by Swiss Re, a leading global provider of reinsurance and insurance-based risk solutions, CARE (Claims Automated Rules Engine) is designed to support intelligent claim assessments with configurable, risk-based rules. It enables insurers to make faster, more accurate, and fully auditable claims decisions.

The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) is pleased to announce the appointment of Wade Seward as chief distribution officer. In this role, Seward will oversee SBLI's Independent Distribution and Direct Sales efforts and will drive expansion into new broker, partner, and producer opportunities.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) is pleased to announce the appointment of Yaron Ben-Zvi to its Board of Directors. Ben-Zvi brings a wealth of experience in financial services, technology, and innovation, which aligns perfectly with SBLI's mission to provide simple, affordable life insurance solutions to individuals and families across the United States.

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.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces that Martin F. Connors, Jr., President and CEO of Rollstone Bank & Trust, was recently elected Chairperson of the company’s Board of Directors at its annual meeting.

The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) has launched a new pilot with GRAIL, LLC., a healthcare company whose mission is to detect cancer early when it can be cured, to provide the innovative Galleri® multi-cancer early detection screening test to a select group of its Bank-Owned Life Insurance (BOLI) policyholders. This collaboration underscores SBLI's commitment to leveraging cutting-edge technology and medical advancements to support the health and longevity of its customers.

The Massachusetts Youth Soccer Association and SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts), both deeply rooted in Massachusetts, have announced a new partnership beginning in 2024. Coinciding with Mass Youth Soccer’s 50th anniversary, this collaboration designates SBLI as Mass Youth Soccer’s official life insurance sponsor and grants naming rights for Progin Park in Lancaster, Massachusetts. The industry-leading, 16-field soccer complex will now bear the name “SBLI Fields at Progin Park,” marking the beginning of a multi-year partnership that will support youth soccer in Massachusetts.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces its strategic move to utilize ChatGPT Enterprise, developed by OpenAI, an AI research and deployment company. OpenAI’s mission is to create safe and powerful AI that benefits all of humanity. This groundbreaking deployment aims to bolster operational efficiency, foster innovation, and amplify adaptability within SBLI but also positions SBLI as the first life insurance company of its size to integrate the ChatGPT Enterprise platform.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announces the launch of AcceleRate, a new accelerated underwriting experience that distribution partners and customers can count on for speed, reliability and convenience as well as great rates on term and whole life insurance products.

SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announced it has partnered with Swiss Re to offer its customers Swiss Re’s Automated Claims Experience solution, a state-of-the-art digital tool that guides beneficiaries through the claims process.

Exercise more, eat healthy, lose weight, spend more time with family and friends. By now, all those well-intentioned resolutions you made for the coming year may have fallen by the wayside. If you own a life insurance policy, however, the start of a new year is the perfect time to make one resolution you can actually keep: Schedule a comprehensive review of your coverage, to ensure you don’t have a gap in your protection.