What does SBLI mean? Read on to discover the definition & meaning of the term SBLI - to help you better understand the language used in insurance policies.
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.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of SBLI. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: