MLchartDataset catalogue

Savings bank life insurance

Term · Insurance and risk management · MLC-T-INS-003018

Life insurance sold directly to the public through mutual savings banks, rather than through agents or brokers. This system was established to provide low-cost insurance options by eliminating sales commissions and reducing administrative overhead. Savings Bank Life Insurance (SBLI) is available only in a few states, including Massachusetts, New York, and Connecticut, where it is regulated by state banking and insurance departments.

Table 1. Record
IdentifierMLC-T-INS-003018
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003018",
  "term": "Savings bank life insurance",
  "field": "Insurance and risk management",
  "definition": "Life insurance sold directly to the public through mutual savings banks, rather than through agents or brokers. This system was established to provide low-cost insurance options by eliminating sales commissions and reducing administrative overhead. Savings Bank Life Insurance (SBLI) is available only in a few states, including Massachusetts, New York, and Connecticut, where it is regulated by state banking and insurance departments.",
  "url": "https://mlchart.com/terminology/insurance/savings-bank-life-insurance/"
}

Record 3,100 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.