SBLI USA Mutual Life Insurance Company, Inc. Appoints Carol Coffman to Board of Directors; Richard Gibbs to Corporate Advisory Board

SBLI USA Mutual Life Insurance Company, Inc., a financial services company dedicated to building long-term relationships with its customers and empowering them through financial education, today announced changes to its board of directors and advisory board.

New York, NY (PRWEB) August 18, 2005 --- SBLI USA Mutual Life Insurance Company, Inc., a financial services company dedicated to building long-term relationships with its customers and empowering them through financial education, today announced changes to its board of directors and advisory board.

Carol Coffman, principal of FFN Advisors, a strategic brokerage in the education marketplace, was appointed to the Companys board of directors. Richard Gibbs, a former executive vice president and chief financial officer of TIAA-CREF, joined the Companys corporate advisory board.

We welcome Carol Coffman to our board of directors and Richard Gibbs to our corporate advisory board," said Vikki L. Pryor, president and CEO of SBLI USA. The tremendous expertise of these individuals in their respective fields will serve as an excellent complement to the current composition of our board members, and benefit our management team as we continue to achieve our strategic goals and growth objectives."

SBLI USA markets a wide range of life insurance products to value-conscious consumers and diverse markets. The Companys products are available through a variety of distribution channels, including partner banks, telesales, telemarketing, direct mail, Customer Centers and the Web. Additionally, SBLI USA offers a bilingual Web site and comprehensive customer service in both Spanish and English.

Ms. Coffman, a member of SBLI USAs corporate advisory board since 2003, has been a leader in financial aid administration and student lending for over 20 years. Prior to creating FFN Advisors, she served as president and CEO of Chela Financial, one of the key players in the secondary student loan market. Previously she was vice president of the Wachovia Corporations Student Loan Division. Ms. Coffman holds a bachelors degree in education from the University of Missouri and a masters degree in educational counseling from Western Kentucky University.

Mr. Gibbs also brings to SBLI USA expertise in insurance and financial services. Recently retired from TIAA-CREF, where he worked for 35 years, Mr. Gibbs served as the organizations executive vice president and CFO for 10 years. At TIAA-CREF, a leading national provider of financial services and the premier pension system for people employed in education and research, Mr. Gibbs developed relationships with banks and was responsible for corporate actuarial, auditing, corporate planning and budgeting, and management consulting. He is a Chartered Life Underwriter, a Fellow of the Life Office Management Association, a member of the American Academy of Actuaries and a Fellow of the Society of Actuaries. He received a bachelors degree from Lehigh University and a masters degree in mathematics from the University of Michigan.

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.

Contact:
Barbara Franklin
212-356-0307
bfranklin@sbliusa.com

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