SBLI USA Mutual Life Insurance Company, Inc. Partners with Saratoga National Bank and Trust Company

New York, NY (PRWEB) May 1, 2004 ---SBLI USA Mutual Life Insurance Company, Inc. today announced that it has entered into an agreement with Saratoga National Bank and Trust Company for the bank to sell its simple and affordable high-quality life insurance products.

Saratoga National Bank is a full-service commercial bank offering a broad range of traditional banking products, electronic banking and financial services. The bank, which has assets totaling over $177 million, has offices on South Broadway and West Avenue in Saratoga Springs and on Carpenter Lane & Route 9 in Wilton, New York.

SBLI USA is a national financial services company serving value-conscious consumers and underserved markets. The companys mission is to empower customers and provide them with the education and tools they need to take control of their financial destinies. SBLI USA and its predecessor company, The Savings Banks Life Insurance Fund, have been offering affordable, quality life insurance products and excellent customer service to New Yorkers for over 60 years.

Under the new agreement, SBLI USAs popular term life, whole life, simple issue term life (SIT"), childrens single premium term, and SeniorLife insurance policies are available through Saratoga Nationals representatives at its three offices serving the Saratoga Springs area.

We are pleased that Saratoga National Bank and Trust Company has entered into an agreement to sell various types of insurance products of SBLI USA Mutual Life Insurance Company, Inc.," said Raymond F. OConor, president and CEO of Saratoga National Bank and Trust Company. We are excited about the opportunity to make available in our three full-service offices the broad array of life coverages of this fine company. SBLI USA is a readily identifiable name and offers some unique types of insurance that should have broad appeal in our market area," he noted.

M. Nasim Ali, executive vice president, marketing and sales at SBLI USA, called the new pact a win-win" for everyone involved -- Saratoga National, its customers, as well as SBLI USA.

Now customers of Saratoga National can obtain a free needs analysis" through their trusted representatives, as well as affordable life insurance and value-added products to ensure that their loved ones are protected. Customers will also benefit from our excellent customer service, which received a 95.3 percent rating last year in an independent survey," Mr. Ali said. At the same time, Saratoga National will earn revenue through selling our products, and will be able to leverage our expertise, training and 64 years of experience in working with banking institutions."

SBLI USA was formed in 2000 as a mutual company from The Savings Bank Life Insurance Fund. The Fund was created in 1939 out of the vision of former U.S. Supreme Court Justice Louis Brandeis, who believed working people should be able to have access to affordable, quality insurance. Today the company remains true to its original mission as it strives to serve the people who make America work.

About SBLI USA

SBLI USA Mutual Life Insurance Company, Inc. is a financial services company that is committed to the value-conscious people who make America work. The company is dedicated to building lifelong relationships with customers and empowering them with the education and tools they need to take control of their financial destinies.

SBLI USA and its subsidiaries are licensed in 50 states, the District of Columbia and Puerto Rico. With more than $1.4 billion in assets, $120 million in surplus capital, 250 employees and over 400,000 customers, the company is committed to offering affordable, flexible and easy-to-access products through a variety of integrated channels, including direct mail, telemarketing, the Internet and licensed agents, as it expands nationally.

SBLI USA Mutual Life Insurance Company, Inc. is the parent company to SBLI USA Holdings, Inc., which owns subsidiary companies S.USA Life Insurance Company, Inc., and SBLI USA Diversified Services Company, Inc.

Additional information about SBLI USA products and services can be found at www.sbliusa.com.

About Saratoga National Bank and Trust Company

Saratoga National Bank and Trust Company is a full-service commercial bank offering a broad range of traditional banking products as well as trust and investment management services.

Electronic banking is available through Internet banking, on-call telephone banking, Visa check cards and ATMs.

Financial services including insurance and brokerage services are also available.

Additional information about Saratoga National Bank and Trust Company can be found at www.saratoganational.com