Insurance Services

The Savings Institute offers some of the best insurance values in Connecticut through the Savings Bank Life Insurance Company SBLI. Founded in 1942, SBLI offers a wide range of low-cost term and whole life plans, as well as tax-deferred annuities. High in quality, low in cost, SBLI's policies can meet your protection needs for today and cash accumulation needs for tomorrow. And SBLI has maintained one of the highest ratings possible from the insurance industry's leading authority, A. M. Best. Licensed SBLI representatives are available in every Savings Institute office to assist you with a complete array of SBLI products. For more information, just call or stop by the office nearest you.

Term Insurance
The initial cost of premiums is low and premiums increase as you age, while your coverage remains the same. SBLI term policies are convertible to permanent policies at various levels.

Permanent Insurance
With permanent insurance, initial premiums are higher than with term insurance, but they remain the same as you age. The policy accumulates cash value, plus loan value, and pays annual dividends as earned, starting in the first year. You can borrow against your policy at low interest rates, and your coverage continues for life.

Credit Insurance
Credit insurance is available for both business owners or operators and for individuals. Designed to insure peace of mind for the responsible borrower, credit insurance matches your debt exactly.

Mortgage Life
Cover your mortgage with term life insurance and have the premium included in your monthly mortgage payment.

Children's Term
Children ages 15 days to 15 years are eligible to apply for a low one-time premium. The policy protects your child up to age 22, at which time the child is guaranteed the ability to convert to another SBLI policy.

*To be eligible for SBLI, you must live or work in Connecticut, or be the child of and living in the household of a person employed in Connecticut.

Investment and insurance products offered through Infinex Investments, Inc., Member FINRA/SIPC or The Savings Bank Life Insurance Company and are: NOT A DEPOSIT NOT FDIC-INSURED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT GUARANTEED BY THE BANK MAY GO DOWN IN VALUE