Company Details

  THE SAVINGS BANK MUTUAL LIFE INSURANCE COMPANY OF MASSACHUSETTS License Status :
Active

NAIC Number :

70435


Phone Number:

7819945516


Company Address:

One Linscott Road 
Woburn, MA  01801

Description:

Life and Health


License Number:

A424654


Date Admitted:

2008-06-27


Market Share

Link to Supplemental Data Page

Year Line Market Share Direct Premium Written Direct Premium Earned Direct Losses Paid Direct Losses Incurred Loss Ratio
2022 Total Accident & Health 0.00% $6,395 $13,727 $0 $0 0.00 %
2022 Total Individual Accident & Health 0.00% $6,395 $13,727 $0 $0 0.00 %
2022 Individual Accident Only 0.00% $6,395 $13,727 $0 $0 0.00 %
2022 Total Life 0.01% $3,399,134 $0 $1,722,268 $0 N/A
2022 Total Individual Life 0.01% $3,399,134 $0 $1,722,268 $0 N/A
2022 Individual Whole Life 0.01% $108,723 $0 $70,548 $0 N/A
2022 Individual Term Life 0.22% $3,227,875 $0 $1,651,720 $0 N/A
2022 Individual Universal Life 0.00% $9,021 $0 $0 $0 N/A
2022 Individual Ordinary Annuities 0.00% $53,515 $0 $0 $0 N/A
2021 Total Accident & Health 0.00% $15 $59 $0 $0 0.00 %
2021 Total Group Accident & Health 0.00% $15 $59 $0 $0 0.00 %
2021 Group Accident Only 0.00% $15 $59 $0 $0 0.00 %
2021 Total Life 0.01% $3,644,352 $0 $2,473,782 $0 N/A
2021 Total Individual Life 0.02% $3,644,352 $0 $2,473,782 $0 N/A
2021 Individual Whole Life 0.03% $582,252 $0 $111,358 $0 N/A
2021 Individual Term Life 0.22% $2,924,826 $0 $2,361,373 $0 N/A
2021 Individual Universal Life 0.00% $2,274 $0 $0 $0 N/A
2021 Individual Ordinary Annuities 0.00% $135,000 $0 $1,051 $0 N/A

Enforcements

The department has not taken enforcement action against this company in the past three years.

Link to Enforcements Page


Complaint Index

Year Line Market Share Number of Complaints Complaint Index
2022 Health 0.00% 0 0
2022 Life and Annuities 0.03% 0 0
2021 Health 0.00% 0 0
2021 Life and Annuities 0.04% 0 0


Company Changes

Effective Date: 08/31/2017

Comments: Effective 8/3/2017 The Savings Bank Life Insurance Company of Massachussets changed its name to the above.

Effective Date: 07/26/2019

Comments: eFECTIVE 7/26/2019 this company added A2 accident and health authority


Market Conduct

This company does not have any market conduct exams or investigations.


Financial Exams

This company does not have any financial exams.