Savings Bank Life Insurance

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What does Savings Bank Life Insurance mean? Read on to discover the definition & meaning of the term Savings Bank Life Insurance - to help you better understand the language used in insurance policies.

Savings Bank Life Insurance

Savings Bank Life Insurance

Savings Bank Life Insurance (SBLI) refers to insurance products sold by a department of a savings bank. Its founder is the Supreme Court Justice Louis D. Brandeis. Its creation was a result of the stock market crash in 1907 and the questionable practices of the insurance industry during Brandeis' time.

We hope the you have a better understanding of the meaning of Savings Bank Life Insurance.

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