Simply Better Life Insurance (SBLI)
Simply Better Life Insurance (SBLI)
Affordable. Dependable. Guaranteed Since 1907.
When it comes to protecting your family, you want a carrier with history, strength, and consistency. Simply Better Life Insurance, known nationally as The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI), has been helping families protect what matters most for over a century.
Founded in 1907, SBLI was built on the belief that life insurance should be simple, accessible, and affordable. Today, they insure more than one million families nationwide and continue to deliver dependable protection with strong financial ratings.
At Life Insured by Chris, we proudly offer SBLI products because of their flexibility, guarantees, and long-term value.
SBLI Dividend History & Financial Strength
The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) is a participating mutual company, meaning eligible policyholders may receive annual dividends (not guaranteed).
2025 Dividend Interest Rate: 4.45%
A (Excellent) – A.M. Best
A- (Strong) – Standard & Poor’s
Founded in 1907
Insured over one million families
Why Choose SBLI?
✔ Over 115 Years of History
Founded in Massachusetts in 1907.
✔ Strong Financial Ratings
A (Excellent) from A.M. Best
A- (Strong) from Standard & Poor’s
✔ Licensed in 49 States + DC
(Excludes NY)
✔ Designed for Real-Life Protection
Flexible solutions for mortgage protection, income replacement, wealth transfer, and final expense planning.
SBLI Term Life Insurance
Protect Your Mortgage. Protect Your Family.
There is so much more to your home than bricks and mortar. It represents memories, security, and stability. Losing a loved one is hard enough losing the home shortly after shouldn’t be part of the story.
SBLI Term Life Insurance offers:
Guaranteed level premiums for the period you select
Affordable monthly payments
Flexible term durations
Guaranteed death benefit
Proceeds paid directly to your beneficiaries
Nearly 4 in 10 families say they would face financial hardship within six months if the primary wage earner died unexpectedly. Term insurance helps ensure your family can remain financially stable during life’s most difficult moments.
Ideal For:
Mortgage protection
Income replacement
Young families
Budget-conscious coverage
Business protection needs
SBLI Flex Whole Life Insurance
Permanent Protection with Living Benefits
SBLI’s Flex Whole Life portfolio provides guaranteed lifetime coverage while building tax-deferred cash value.
Unlike market-based assets, whole life insurance offers guarantees that do not fluctuate with stock market performance.
Core Guarantees
Guaranteed level premiums
Guaranteed death benefit
Guaranteed cash value growth
Coverage for life
Potential Growth
SBLI is a participating mutual company, meaning policyholders may receive dividends (not guaranteed). Dividends can be used to:
Increase death benefit
Build additional cash value
Reduce premiums
Purchase paid-up additions
Help offset policy loans
2025 Dividend Interest Rate: 4.45% (declared annually; not guaranteed)
Flex Whole Life Product Options
SBLI offers multiple premium payment designs to match your financial strategy:
Continuous Pay
Lower ongoing premiums with lifetime payments.
Limited Pay 10
Paid up in 10 years.
Limited Pay 15
Paid up in 15 years.
Limited Pay 20
Paid up in 20 years.
Paid-Up at 65
Premiums end at retirement age.
Single Premium
One-time lump sum payment ideal for wealth transfer and estate strategies.
Minimum face amounts typically start at $25,000 (standard risk class).
Access to Cash When You Need It
Whole life policies accumulate guaranteed cash value that can be accessed through policy loans (subject to terms). This flexibility can help with:
College tuition
Weddings
Retirement income
Emergency expenses
Business cash flow needs
In addition, the Accelerated Death Benefit Rider is automatically included at no additional premium charge, allowing access to a portion of the death benefit if diagnosed with a qualifying terminal illness (subject to policy terms).
Flexible Riders Available
Accidental Death Benefit
Children’s Level Term
Guaranteed Purchase Option
Guaranteed Level Premium Term Rider
Single-Pay Paid-Up Additions
Waiver of Premium
Each rider allows further customization based on your goals.
Accelerated & Traditional Underwriting Options
SBLI offers:
Accelerated Underwriting
Ages 18–50 up to $1,000,000
Ages 51–60 up to $500,000
May qualify for lab-free decisions
Traditional Underwriting
For larger face amounts or older issue ages.
This flexibility allows us to structure coverage efficiently while maintaining strong underwriting integrity.
Why We Offer SBLI at Life Insured by Chris
As an independent brokerage, we are not captive to one carrier. We compare multiple A-rated companies to find the best fit for your:
Health profile
Budget
Coverage goals
Long-term financial strategy
SBLI consistently stands out for:
Strong dividend performance history
Competitive whole life design
Flexible premium options
Reliable underwriting
If SBLI is the right fit, we’ll recommend it. If another carrier better suits your situation, we’ll show you that too.
That’s the advantage of working with an independent broker.
Get a Personalized SBLI Quote
Whether you need mortgage protection, permanent cash value growth, or estate planning coverage, we can design a strategy tailored to you.
Click below to request a quote or schedule a strategy call.
Important Disclosures
SBLI is the marketing name for The Savings Bank Mutual Life Insurance Company of Massachusetts (NAIC #70435), Woburn, MA. Licensed in 49 states and DC (excludes NY). Products and riders may not be available in all states.
Dividends are not guaranteed and are declared annually by SBLI’s Board of Directors. All guarantees are subject to the claims-paying ability and financial strength of the issuing company.
Policy Form Series: 21-P-PWL, 21-P-PSPWL. Rider Form Series: BC-40.1, 18-R-AXRDB, 18-R-AXDDB, BN-9, BN-50, BN-56, 14-WOPR.
Frequently Asked Questions About SBLI
Is SBLI a good life insurance company?
SBLI has over 115 years of history and holds strong financial ratings from A.M. Best and Standard & Poor’s.
What is the SBLI dividend rate?
The 2025 dividend interest rate is 4.45% (not guaranteed).
Does SBLI offer accelerated underwriting?
Yes. Qualified applicants may receive lab-free underwriting depending on age and face amount.
Is SBLI whole life guaranteed?
Yes. Flex Whole Life offers guaranteed level premiums, guaranteed death benefit, and guaranteed cash value growth (subject to policy terms).whole life insurance