Not only will their individual expertise be an asset in achieving preservation and growth of our policyholder value, but it will help to grow our collective wisdom and serve as a perfect compliment to the diverse composition of our board.
New York (Vocus) March 9, 2009
SBLI USA Mutual Life Insurance Company, Inc., today announced changes to its board of directors. A leading financial services provider dedicated to serving the people who make America work, the company reaches out to the 45 million Americans who do not have access to the financial tools and products they may want and need. The diversity and breadth of SBLI USA's board speaks to its ability to reach the diverse population that this market represents.
Teri Balog has been appointed to the board of directors after having served on the corporate advisory board since 2008. As part of her board appointment, Balog serves as Vice Chair of its Audit Committee and as a member of its Finance and Investment Committee. Executive director and chief accounting officer with MSCI, Inc., and formerly with Columbia Energy Group and KeySpan Corporation, Balog comes to SBLI USA with extensive knowledge in investments and operations.
Also joining SBLI USA's board of directors is David Lizárraga, president and CEO of TELACU/Millennium and current chairman of the board of directors of the United States Hispanic Chamber of Commerce (USHCC). Lizárraga began his tenure as an SBLI USA advisory board member in August of 2006. He also serves on the company's Audit Committee and Nominating, Governance and Human Resources Committee. Internationally recognized as one of the country's top Latino leaders, Lizárraga brings with him vast knowledge of government and economic development issues, as well as a commitment to the educational needs of Latinos, a cause that is reflected in SBLI USA's mission to help underserved individuals, families and communities achieve their financial goals.
"We are privileged to have Teri and David join our board of directors," says Vikki L. Pryor, president and CEO of SBLI USA. "Not only will their individual expertise be an asset in achieving preservation and growth of our policyholder value, but it will help to grow our collective wisdom and serve as a perfect compliment to the diverse composition of our board."
About SBLI USA/S.USA:
SBLI USA markets a wide range of life insurance products to value-conscious consumers and diverse markets. 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 almost $15.8 billion of insurance in force, $1.5 billion in assets, $124 million in surplus capital, 200 associates and over 300,000 policyholders, the company is committed to offering affordable, flexible and easy-to-access products 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. To learn more visit http://www.sbliusa.com .
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. To learn more visit http://www.sbliusa.com.