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SBLI Life Insurance | Life Insurance Company Review by Quotacy - YouTube
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Hey everyone we're Jeanna and Natasha
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and we work at Quotacy.
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Quotacy is an independent life insurance broker.
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This means we have the ability to sell policies
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from multiple life insurance companies
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giving you more options.
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Today we're going to give a review of SBLI
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one of the life insurance companies we work with.
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SBLI is short for
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Savings Bank Mutual Life Insurance Company of Massachusetts.
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No wonder they go as SBLI.
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Well, SBLI is an American company headquartered in Massachusetts
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and has been around since 1907.
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Overall, SBLI is a great company and excellent for
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applicants who are afraid of needles and
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need to skip the medical exam.
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Quotacy only works with top-rated life insurance companies
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which means they are rated A or better
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and SBLI is no exception.
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Being A rated or better means the company is
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financially secure so you won't have to worry about
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your policy's death benefit not being paid.
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To stand out in the competitive life insurance industry
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some companies cater to different health or lifestyle niches.
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SBLI is excellent for those with ADHD and
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those who want life insurance
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but also want to bypass a medical exam.
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Let's talk about what we like in regards to
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SBLI's policies and buying process.
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SBLI's level term product is sold in term lengths of
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10, 15, 20, 25, and 30 years.
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The smallest amount of term life insurance you can purchase
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is one $100,000 but this is pretty standard.
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Depending on the life insurance product,
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there will be different policy riders available.
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Life insurance policy riders are additional benefits
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that you can add on to your policy at the time of purchase.
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SBLI's term policy offers an
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accelerated death benefit rider,
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accidental death benefit rider, premium waiver for disability rider,
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and a child rider.
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Let's break these down.
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An accelerated death benefit rider is included
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in SBLI term policies at no charge.
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This rider gives you access to a portion of your policy's death benefit
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if you are diagnosed with a terminal illness
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resulting in 12 months or less to live.
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An accidental death benefit rider is available on
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SBLI term policies for an additional cost.
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With this rider your policy's beneficiary will receive
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an increased death benefit
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if you were to die due to an accident.
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This rider is a popular add-on for applicants who perhaps
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have a dangerous job or participate in risky hobbies.
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A premium waiver for disability rider is available on
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SBLI term policies for an additional cost.
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With this rider, SBLI will waive your premium payments
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during a period of total disability lasting
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six consecutive months or more.
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A child rider is available on SBLI term policies
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for an additional cost as well.
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For as little as $60 per year, a child rider provides
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$10,000 in life insurance coverage on all of your children
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less than 18 years of age.
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It also would include any future children you may have or adopt.
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When you apply for life insurance,
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most applicants need to have a medical exam done.
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This is so the insurance company can evaluate your
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current health to determine what kind of risk you are to insure.
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However, through SBLI, if you're 49 years old or younger
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and are looking for $500,000 in term coverage or less
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you can skip the medical exam.
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It's important to note that because you are not required
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to have a medical exam done
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SBLI will request to look back on years and years
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of medical records and sometimes
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it takes doctor's offices quite a while to forward
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your records to the insurance company.
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Because of this extra step in the process,
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underwriting can take two to four weeks longer through SBLI
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than other companies that include a medical exam.
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If you're looking for life insurance, SBLI is a good option.
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If you've been diagnosed with ADHD or
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have a strong fear of needles
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then SBLI is a great option.
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When you apply through Quotacy, we'll review your application
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to double-check that you've chosen to apply
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to a company that will give you the most favorable outcome.
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The final choice is of course 100% your decision.
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We simply aim to be completely transparent
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and make sure you know all your options.
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If you're interested in any of the riders we mentioned
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let your Quotacy agent know after you apply.
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They'll let you know the exact cost of any rider
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you want to purchase and can add on to your policy
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during the buying process.
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Quotacy can help you get life insurance from SBLI
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or any of the other top-rated life insurance companies we work with.
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And why should you get life insurance through Quotacy?
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Our agents are licensed in all 50 states
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and they work on salary, not commission,
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so we'll never try and upsell you.
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We work for you, not the insurance companies.
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You won't pay any extra fees or charges to use our services.
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Get a free, instant term life insurance quote now
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from multiple top-rated life insurance companies
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without giving away any contact information.
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Thanks for watching.
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Bye!
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