California residents, click here for the California Privacy StatementSavings Bank Life Insurance ("SBLI") is committed to our customers, and committed to safeguarding your privacy. We know that your privacy is important to you, and would like to inform you of our policies on collecting information, confidentiality and security, and information disclosure.
Information Collection
In conducting our business, we collect personal, financial and health information about you in order to complete, service or administer an insurance product or transaction. The information we obtain comes primarily from your application, and it is used to help us provide quality products and services.
We also obtain other information about you as necessary from such sources as: consumer reporting agencies, the Medical Information Bureau, medical providers, other insurers and non-affiliated third parties. Information collected may relate to your finances, employment, health, avocations, driving records, personal characteristics, as well as transactions with us or with others. We also collect information to prevent fraud.
Confidentiality and Security
We generally restrict employee access to non-public personal information about you to those employees who need the information to provide and administer products or services to you or for you. We maintain physical, electronic and procedural safeguards in compliance with federal and state laws and regulations to safeguard the privacy of your information.
Security remains the primary concern of on-line consumers. SBLI uses SSL security protocol to safeguard the information you provide during the Request Information process.
SSL Data Transmission
SSL (Secure Sockets Layer) is a protocol for transmitting private documents via the Internet. By utilizing 128-bit SSL (Global Server) IDs, we enable the world's strongest SSL encryption with both domestic and export versions of Microsoft® and Netscape® browsers. 128-bit SSL is the standard for large-scale online merchants, banks, brokerages, health care organizations, and insurance companies worldwide. Utilizing SSL helps to prevent unauthorized users from intercepting data, and from sending false information about you.
SBLI Holds a Thawte SuperCert
This web site is secured using a Thawte Digital Certificate. This ensures that all information you send to us via the World Wide Web will be encrypted. Please click on the Thawte Authentic Site Seal which demonstrates our commitment to your security.
Information Disclosure
We do not sell or rent your personally identifiable medical information to any other party, nor do we disclose it for marketing purposes. We use or share it for purposes of underwriting insurance, re-insurance, policy and claims administration and as otherwise required or authorized by applicable law and regulation.
We may disclose the following information to companies that perform services on our behalf or to other financial institutions under joint marketing agreements:
- Information you have provided us, such as names, address, social security number, phone number, income and assets.
- Information about your transactions with us or with others, such as type of policy, amount, premiums, payment history, policy values, credit worthiness and credit history.
We do not allow our service providers or joint marketers to disclose your personal information other than to perform the specific services we have requested.
We routinely disclose non-public personal information about you to affiliated and non-affiliated third parties as necessary to complete, service or maintain a tansaction or product requested by you and as otherwise permitted by law or regulation. These third parties may include other insurers, financial institutions, claims administrators, investigators and others with whom we have service agreements. We may also release information to third parties pursuant to your specific written consent.
If you terminate your relationship with us, we will continue to limit the disclosure of your non-public personal information as if you were still a customer.
Further Information
If you would like to know more about our privacy practices, please write to us at SBLI, P. O. Box 4048, Woburn, MA 01888-4048.