SBLI USA Mutual Life Insurance Company, Inc. Launches Select Choice(SM)

A New Tax-Deferred Single Premium Annuity Provides Flexibility and Security to Help Plan for Retirement

New York, NY (PRWEB) June 17, 2005 -- SBLI USA Mutual Life Insurance Company, Inc. today announced the introduction of Select Choice(SM), a single-premium, tax-deferred annuity. The annuity comes with an initial one year interest rate guarantee, plus additional one year renewal rates at the end of subsequent guarantee periods -- never going below the annual rate of three percent -- to help investors' money grow.

The annuity is the most recent in a series of products from SBLI USA that help people plan for their financial futures. Select Choice(SM) offers competitive rates and flexibility backed by the financial strength and stability of SBLI USA. Other well-known products available from SBLI USA include term life, whole life, and products for children and seniors.

The annuity is available directly through SBLI USAs partner banks and its toll free number, 1-877-SBLI-USA. Currently, it is offered only in New York.

"Annuities are an excellent option for retirement savings," said M. Nasim Ali, executive vice president, marketing and sales at SBLI USA Mutual Life Insurance Company, Inc. By providing attractive interest rates and deferral of income tax on interest earnings, they make your money work harder for you during the years you need it most. In addition, annuities are safe. The safety of the principal is backed by the financial strength and stability of SBLI USA, a trusted name in the insurance industry."

Customers principal is guaranteed by the strength and stability of SBLI USA, which maintains an excellent" (A-) rating from A.M. Best, an independent rating service. Select Choice(SM) is available to anyone up to the age of 85. Purchases are easy with no sales or administrative charges. The minimum investment is $5,000 and the maximum is unlimited, with company approval if the purchase is more than $200,000.

Summary of Benefits

- Competitive Rates: first year interest rate is guaranteed. At the end of each guarantee period a new interest rate is set. The interest rate will never be less than an annual effective interest rate of three percent for the life of the annuity.
- Access: withdrawals of up to ten percent can be made once each contract year without surrender charges. [Note: if more than one withdrawal per contract year or over ten percent of the accumulated value is withdrawn, surrender charges will be deducted during the first seven contract years only. Additional administrative fees may apply. Withdrawals may be taxable transactions and, prior to age 59 ½ may be subject to a ten percent IRS penalty.
- Safety of Funds: as long as there are no partial withdrawals, investors will never receive less than the original principal, less any premium taxes;
- Avoidance of Probate: if an owner dies before annuitization, the annuity value is paid to the beneficiary directly without the delay and expense of probate.

Interested purchasers should contact SBLI USA at 1-877-SBLI-USA or visit the companys Web site at www.sbliusa.com for more complete information.

About SBLI USA
SBLI USA Mutual Life Insurance Company, Inc. is a financial services company that is committed to value-conscious consumers. 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 49 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. With more than $17 billion of insurance in force, $1.5 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, a bilingual Web site, licensed agents, and new Customer Centers, 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/mc.

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