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SBLI Term Life Insurance Overview

The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) is excellent for those afraid of a blood draw during a physical exam, but underwriting typically averages 2 to 4 weeks longer as more medical records are ordered.

SBLI Customer Service: (800) 694-7254

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SBLI Company Overview


Woburn, MA





Value of In Force Life Insurance

$170 billion


Woburn, MA



Active Policyholders


Value of In Force Life Insurance

$170 billion

SBLI Ratings & Awards

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A.M. Best Better Business Bureau J.D. Power Moody’s Standard & Poor’s
A+ A+ N/A N/A A-

A.M. Best is an independent rating agency that ranks the financial strength of life insurance companies. Their best rating is an A++. Their worst is a D.

Better Business Bureau (BBB) is a non-profit that shares customer service feedback on businesses in the USA. BBB assigns ratings from A+ (highest) to F (lowest).

J.D. Power and Associates analyzes customers’ experiences with life insurance companies and ranks them on a scale from 1 to 1000.

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s rating scale ranges from Aaa to C with 1, 2, and 3 to indicate whether the ranking is on the higher or lower end of that category.

Standard and Poor’s (S&P) is the world’s leading provider of credit ratings and creditworthiness. S&P’s scale ranges from AAA to D with + or – to define standing within each category.

celent model insurer logo

SBLI was a winner of Celent’s Digital Model Insurer Award for 2017. This award recognizes top real world technology initiatives that meet evolving market demands.

To stand out in a competitive industry, most insurers focus on serving health or lifestyle niches.

SBLI is excellent for:

  • Accelerated Underwriting
  • ADHD
  • Healthy Individuals
  • No Medical Exam

SBLI is excellent for those afraid of a blood draw during a physical exam, but accelerated underwriting typically averages 2 to 4 weeks longer as more medical records are ordered.

SBLI Comparison Quotes

SBLI Level Term

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Company Male Female
Age 30 Age 40 Age 50 Age 60 Age 70 Age 30 Age 40 Age 50 Age 60 Age 70

Cincinnati Life

$23.32 $33.00 $81.40 $245.52 N/A $19.80 $28.60 $65.12 $183.92 N/A


$18.99 $28.72 $69.93 $203.22 $851.76 $16.03 $24.08 $54.92 $141.38 $701.00


$23.95 $32.50 $76.10 $230.85 N/A $20.95 $29.95 $60.75 $162.05 N/A

John Hancock

$27.71 $32.11 $74.56 $208.06 N/A $25.06 $28.31 $64.51 $170.11 N/A

Lincoln Financial

$27.94 $39.03 $77.35 $203.11 $799.59 $23.50 $30.70 $58.43 $143.90 $705.59

Pacific Life

$19.10 $28.87 $70.33 $200.75 N/A $16.12 $24.18 $54.89 $142.21 N/A


$19.77 $29.39 $72.04 $203.13 N/A $16.76 $24.82 $56.09 $143.91 N/A


$19.08 $28.45 $70.30 $200.73 $790.32 $16.11 $24.16 $54.86 $142.18 $697.36


$34.56 $43.75 $89.25 $273.88 N/A $28.00 $40.25 $77.88 $187.69 N/A

Securian Financial

$22.42 $31.18 $87.12 $235.40 N/A $18.48 $26.84 $62.04 $153.12 N/A


$19.87 $31.30 $83.33 $274.74 N/A $17.05 $24.62 $60.41 $165.73 N/A


$19.09 $28.46 $70.31 $200.74 N/A $16.11 $24.17 $54.86 $142.20 N/A

United of Omaha

$23.87 $37.20 $92.67 $273.70 N/A $20.43 $31.61 $69.02 $189.42 N/A

US Life

$20.70 $32.75 $76.55 $230.45 $924.25 $17.47 $27.68 $67.43 $161.32 $699.89

Sample monthly premium quotes for a $500,000, 20-year term policy for healthy, non-smoking individuals living in Minnesota. Pricing varies by gender. Women pay less for life insurance than men because they live longer on average.

Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of September 2022.



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SBLI Features & Benefits

What we like

  • Offers a 25-year term policy.
  • Can be converted into a permanent policy.
  • Includes Accelerated Death Benefit Rider at no charge.
  • Option to skip the phone interview.
  • Eligible applicants may not need a medical exam.*
  • Your medical exam can be done at home or work.
  • You can review your medical exam results online.
  • Policy delivered electronically.
  • Credit card payments accepted for quarterly, semi-annual, or annual premiums.
  • You can manage your policy online.

*If you’re under age 60 and applying with SBLI for $750,000 in coverage or less, a medical exam is not required. Not available in all states—see fine print below.

What could be better

  • Credit card payments are not accepted for monthly premiums.

SBLI Policy Details

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Level Term
Guaranteed level premiums? Yes
Term lengths available: 10, 15, 20, 25, 30*
Premiums returned at end of term? No
Riders available: Accelerated Death Benefit, Premium Waiver for Disability, Accidental Death Benefit, Child Rider
Accumulates cash value? No
Policy loans available? No
Minimum issue age: 18
Maximum issue age: 74
Minimum face amount: $100,000
Missed payment grace period: 30 days**

*10-year term available for ages 18-74 (tobacco users ages 18-70); 15-year term available for ages 18-65 (tobacco users ages 18-60); 20-year term available for ages 18-60 (tobacco users ages 18-55); 25-year term available for ages 18-55 (tobacco users ages 18-50); 30-year term available for ages 18-50 (tobacco users ages 18-45).

**State of issue, payment mode, and draft date can all impact the grace period end date. Your policy will state specifics.

» Compare: Term life insurance quotes

SBLI Policy Riders

Increase your policy’s benefits with riders

Accelerated Death Benefit Rider


This rider is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit, if you are diagnosed with a terminal illness resulting in 12 months or less to live.

Accidental Death Benefit Rider

*Available at additional cost

Your policy’s beneficiary will receive an increased death benefit with this rider, if you die due to an accident. Cost varies by age and benefit amount.

Child Rider

*Available at additional cost

For as little as $60 per year, add a child rider that covers your children under age 23. Options range from $10,000 to $25,000 in coverage per child. Ask your Quotacy agent for details.

Premium Waiver for Disability

*Available at additional cost

SBLI will waive premium payments during a period of total disability lasting six consecutive months or more. The waived payments don’t have to be paid back. This rider is not available on all policies and cost varies by age.

SBLI Policy Service


  • Customer Service: (800) 694-7254
  • Fax: (781) 994-4240

Hours: Monday-Friday, 8:00 AM-7:00 PM Eastern

Payment Mailing Address

SBLI Payment Center
PO Box 55249
Boston, MA 02205-5249

Manage your policy online

  1. Visit my.sbli.com.
  2. On the right side of the page, click the blue Register Now button.
  3. Fill in your name, last 4 numbers of your Social Security number, and zip code.
  4. Enter your policy number.
  5. Click I accept to agree to the terms and conditions.
  6. Click the gold Continue button.
  7. Continue to follow prompts until you arrive at your online policy portal.

What you can do online

  • Make one-time payments.
  • Update address.
  • Update banking info.
  • View policy information and status.
  • Download policy change forms.

The Fine Print

Guidelines & Exclusions

Accelerated Underwriting
  • If you are age 60 or younger and applying for $750,000 in coverage or less, you are eligible for SBLI’s accelerated underwriting program and you won’t need a medical exam.
  • A phone interview is required.
  • Underwriting will still include evaluation of medical records and motor vehicle records.
  • Not available in New York or Montana.
Term Conversion
  • You may convert to a permanent policy at any time within the term or by age 70—whichever is earlier.
Accidental Death Benefit Rider
  • This rider will pay your beneficiaries up to 2x the death benefit amount—up to a maximum of $250,000—if you die before age 70 and within 180 days of the accident.
Accelerated Death Benefit Rider
  • You can accelerate up to 50% of the death benefit—not to exceed $250,000.
  • When the death benefit payout is accelerated, there is a processing fee of $150.
Child Rider
  • Newborn child covered when 15 days old.
  • Coverage ends when child turns age 25 and to be initially eligible for coverage, child must be unmarried and financially dependent upon the insured at time of issue.
  • Rider can be converted to a new policy up to five times the rider face amount.
  • Parent (or child) can convert rider to a permanent policy when child turns 25 or parent turns 65—whichever is earlier.
Premium Waiver for Disability Rider
  • Rider expires at age 65.
  • Policies with face amount of $3,000,000 or less are eligible for this rider.
Credit Card Payments
  • Visa and MasterCard accepted forms of credit card payment.
  • Credit card payment only option for quarterly, semi-annual, or annual mode of premium, not monthly.
  • The use of credit card will be charged a convenience fee by a 3rd party payment processor of $3.95 for each policy premium.
  • Other forms of premium payment are available at no additional cost including EFT or check.

Updated: September 2022

More term life insurance reviews

We recommend without hesitation every company reviewed on Quotacy. When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider. If you have any questions about the best life insurance companies for you, contact Quotacy. We'll gladly help you evaluate your life insurance options.