SBLI USA Mutual Life Insurance Company, Inc. Elects Dr. Evelyn Murphy to Chairman; David Jefferson, Sr. to Serve as Vice Chair

SBLI USA Mutual Life Insurance Company, Inc. today announced the election of Dr. Evelyn Murphy to chair its board of directors. Dr. Murphy will succeed Joseph Mancino, retired CEO and president of The Roslyn Savings Bank.

New York (Vocus) -- SBLI USA Mutual Life Insurance Company, Inc. today announced the election of Dr. Evelyn Murphy to chair its board of directors. Dr. Murphy will succeed Joseph Mancino, retired CEO and president of The Roslyn Savings Bank. Mancino has retired as chairman of SBLI USA after serving on the board since 1991. David Jefferson, Sr. will serve as vice chair. SBLI USA is a leading financial services provider with more than 300,000 policyholders and over $1.4 billion in assets. The company is dedicated to serving the people who make America work.

Dr. Murphy has served as a director on SBLI USA’s board since 2000. Most recently she has served as the company’s vice chairman of the board. During her tenure she has actively participated in the nationwide expansion of the company and has been a driving force in SBLI USA’s women’s initiative. This initiative is a grass roots effort that includes the recent launch of a women-centric microsite, S-women.

Dr. Murphy, an economist, is the founder and president of the Wage Project, Inc., and author of Getting Even: Why Women Don’t Get Paid Like Men and What to Do About It. She is a former health care executive and Lieutenant Governor in Massachusetts. Murphy has served as corporate director of several publicly traded financial institutions, and currently serves on the board of Citizens Energy Corporation. She holds a PhD in economics from Duke University.

Vice Chair, Jefferson, is president and CEO of JNET Communications, LLC, a technology services holding company that includes among its family of companies Vitel Communications and ServiCom LLC. Prior to his association with JNET, Jefferson worked for AT&T for more than 30 years. He serves on the board of directors of the New Jersey Sports and Exposition Authority, as director and co-chair of the 1,000 Churches Connected Initiative, and as chairman of the Grambling State University Black & Gold Foundation. He also serves as senior pastor of the Metropolitan Baptist Church of Newark. Jefferson is a graduate of MIT and Capitol Law School, and is a member of the American and the New Jersey Bar Associations.

“We are privileged to have Evelyn and David as our new chair and vice chair,” says Vikki Pryor, president and CEO of SBLI USA. “Not only will their expertise in corporate leadership and government be an asset in achieving preservation and growth of our policyholder value, but their commitment and ideals will continue to provide strategic direction for SBLI USA.”

About SBLI USA
SBLI USA markets a wide range of life insurance products nationwide with a focus on women and underserved communities. This focus on diverse markets is mirrored in the company’s multicultural representation; the company speaks 20 languages, is 64 percent multi-cultural, and women comprise 60 percent of the company’s board of directors and 57 percent of its associates. As part of its commitment to underserved communities, the company offers a fully bilingual web site and recently launched a women-centric microsite dedicated solely to the financial education and empowerment of women. S-women, the first volunteer women’s advisory board, was formed as part of the company’s grass roots women’s initiative. To learn more visit: www.sbliusa.com or www.sbliusa.com/women

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. 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 $15 billion of insurance in force, $1.4 billion in assets, $111 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 integrated channels, including direct mail, telemarketing, a bilingual Web site, licensed agents, and walk-in Customer Centers.

CONTACT: SUE BUSBY
312.777.2428
sbusby(at)sbliusa(dot)com

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