Savings Bank Life of Massachusetts, also known simply as SBLI has been around since 1907.
SBLI is a definite “player” in the term life insurance market with their new accelerated underwriting (AU) for anyone ages 18 to 50 seeking $1,000,000 or less of term life insurance at some of the lowest possible rates!!
SBLI term life insurance
With SBLI’s Accelerated Underwriting (AU) process, many people age 18-50 seeking up to $1,000,000 of insurance won't be required to have an insurance exam and labs as long as your health is decent or up to a table 2 rate class..
SBLI used to accept any rate class without an exam, so this new AU seems like a backwards step for the carrier, but they did drop rates and can offer some of the lowest rates in the country for some people.
SBLI Term life rates
Below are $500,000- 10 year, 15 Year, 20 year and 30 year guaranteed level term rates at various ages for males and females...these are absolute lowest Preferred Plus rates for people in excellent health to higher Standard rates for people in average or slightly below average health as a range of cost.
Please note that SBLI currently offers some of the best 30 year term rates in the industry. All rates below are rounded to nearest dollar.
Male Age | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
40 | $21 - $39 | $27 - $43 | $31 - $58 | $49 - $93 |
50 | $43 - $80 | $53 - $101 | $70 - $130 | $125 - $238 |
60 | $108 - $192 | $142 - $257 | $200 - $363 | n/a |
Age 65 | $187 - $334 | $261 - $490 | n/a | n/a |
Female Age | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
40 | $18 - $32 | $23 - $38 | $27 - $48 | $39 - $75 |
50 | $38 - $61 | $45 - $77 | $55 - $107 | $94 - $171 |
60 | $81 - $142 | $100 - $197 | $158 - $272 | n/a |
Age 65 | $136 - $268 | $196 - $330 | n/a | n/a |
Bottom Line- SBLI Life Insurance Company
They are a great insurance company that's been around for along time, they have great financial ratings and they have a niche that can set them apart from most of their competition.
If you do NOT want to have a blood/urine test or a visit from an examiner at your home, SBLI may be the best insurance company for you.
Click on the link above to get an accurate SBLI quote.
Or simply call or text us at 800-380-3533 or click here to email us for more information.
*IMPORTANT: Each SBLI accelerated underwriting application requires a telephone interview instead of a paramedical visit.