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Get Your Free Insurance Quote Below:SBLI USA Mutual Life Insurance Company,
Inc. Partners with Glens Falls National Bank and Trust Company
New York, NY (ContentDesk) April 21, 2004 -– SBLI USA Mutual Life Insurance Company, Inc. today announced it has entered into an agreement with Glens Falls National Bank and Trust Company for the bank to sell its simple and affordable high-quality life insurance products.Glens Falls National is a full service commercial bank offering a broad range of traditional banking products, electronic banking and financial services. Founded in 1851 and headquartered in downtown Glens Falls, the bank has assets of over $1.2 billion. SBLI USA is a national financial services company serving value-conscious consumers and underserved markets. The company's 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 USA's popular term life, whole life, simple issue term life ("SIT"), children's single premium term, and SeniorLife insurance policies are available through Glens Falls National representatives at its 22 full service offices throughout the North Country."We are pleased that Glens Falls 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 Michael P. Brassel, senior vice president of financial services at Glens Falls National. "We are excited about the opportunity to make available in our main office and throughout our branch network 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." M. Nasim Ali, executive vice president, marketing and sales at SBLI USA, called the pact a "win-win" for everyone involved – Glens Falls National, its customers, as well as SBLI USA. "Now Glens Falls National's customers can obtain a free "needs analysis" through their trusted bank 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, Glens Falls 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 Banks 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 USASBLI 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 Glens Falls National Bank and Trust CompanyGlens Falls 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 Glens Falls National Bank and Trust Company can be found at www.gfnational.com.
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