Company Details
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:
Market Share
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Life | 0.03% | $4,114,140 | $0 | $4,533,220 | $0 | 110.81% |
| 2023 | Total Individual Life | 0.04% | $4,114,140 | $0 | $4,533,220 | $0 | 110.81% |
| 2023 | Individual Whole Life | 0.03% | $265,595 | $0 | $57,116 | $0 | 28.51% |
| 2023 | Individual Term Life | 0.59% | $3,467,354 | $0 | $4,453,880 | $0 | 128.66% |
| 2023 | Individual Universal Life | 0% | $9,021 | $0 | $0 | $0 | 0% |
| 2023 | Individual Ordinary Annuities | 0.01% | $372,170 | $0 | $22,224 | $0 | 5.97% |
| 2022 | Total Accident & Health | 0% | $6,395 | $13,727 | $0 | $0 | 0% |
| 2022 | Total Individual Accident & Health | 0% | $6,395 | $13,727 | $0 | $0 | 0% |
| 2022 | Individual Accident Only | 0.01% | $6,395 | $13,727 | $0 | $0 | 0% |
| 2022 | Total Life | 0.02% | $3,399,134 | $0 | $1,722,268 | $0 | 51.34% |
| 2022 | Total Individual Life | 0.03% | $3,399,134 | $0 | $1,722,268 | $0 | 51.34% |
| 2022 | Individual Whole Life | 0.01% | $108,723 | $0 | $70,548 | $0 | 80.5% |
| 2022 | Individual Term Life | 0.52% | $3,227,875 | $0 | $1,651,720 | $0 | 51.35% |
| 2022 | Individual Universal Life | 0% | $9,021 | $0 | $0 | $0 | 0% |
| 2022 | Individual Ordinary Annuities | 0% | $53,515 | $0 | $0 | $0 | 0% |
| 2021 | Total Accident & Health | 0% | $15 | $59 | $0 | $0 | 0% |
| 2021 | Total Group Accident & Health | 0% | $15 | $59 | $0 | $0 | 0% |
| 2021 | Group Accident Only | 0% | $15 | $59 | $0 | $0 | 0% |
| 2021 | Total Life | 0.03% | $3,644,352 | $0 | $2,473,782 | $0 | 68.47% |
| 2021 | Total Individual Life | 0.05% | $3,644,352 | $0 | $2,473,782 | $0 | 68.47% |
| 2021 | Individual Whole Life | 0.07% | $582,252 | $0 | $111,358 | $0 | 21.64% |
| 2021 | Individual Term Life | 0.48% | $2,924,826 | $0 | $2,361,373 | $0 | 80.97% |
| 2021 | Individual Universal Life | 0% | $2,274 | $0 | $0 | $0 | 0% |
| 2021 | Individual Ordinary Annuities | 0.01% | $135,000 | $0 | $1,051 | $0 | 0.78% |
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Health | 0% | 0 | 0 |
| 2023 | Life and Annuities | 0.03% | 0 | 0 |
| 2022 | Health | 0% | 0 | 0 |
| 2022 | Life and Annuities | 0.03% | 0 | 0 |
| 2021 | Health | 0% | 0 | 0 |
| 2021 | Life and Annuities | 0.04% | 0 | 0 |
Company Changes
Effective Date:
Effective Date:
Comments:
eFECTIVE 7/26/2019 this company added A2 accident and health authority
Market Regulation Actions
This company does not have any market regulation actions.
Financial Exams
This company does not have any financial exams.
Effective 8/3/2017 The Savings Bank Life Insurance Company of Massachussets changed its name to the above.