SOURCE: Mt. Washington Assurance

December 06, 2006 13:07 ET

Mt. Washington Delivers Discount to NH SBLI Policyholders

Affiliation Offers P&C Savings to Life Insurance Customers

CONCORD, NH -- (MARKET WIRE) -- December 6, 2006 -- Concord-based Mt. Washington Assurance Corporation announced that it has partnered with The Savings Bank Life Insurance Company of Massachusetts to offer a special, low auto insurance rate to SBLI's more than 22,000 New Hampshire customers.

New Hampshire SBLI policyholders will be eligible to receive a 10% discount on their auto insurance premiums when they insure their vehicles with Mt. Washington. The discount is available through participating independent agents representing Mt. Washington throughout the state.

In addition to offering the group discount for existing, eligible SBLI policyholders, participating Mt. Washington agents will be licensed to sell SBLI life products. This exclusive partnership provides New Hampshire consumers with a unique opportunity to purchase SBLI life insurance through an independent agent.

The New Hampshire SBLI group discount program launched November 13. Mt. Washington will provide advertising support with a campaign that will appear in area newspapers.

Rated "A+ (Superior)" by A.M. Best, SBLI offers a broad suite of competitive products and a widely recognized brand name.

Mark Sweeney, Mt. Washington's Vice President of Marketing, said the new program will give its agents a competitive edge. "We're pleased to be able to offer a significant auto insurance discount to SBLI customers," he said. "Mt. Washington's group discount offers both new and current SBLI policyholders greater savings and added value. In addition, New Hampshire consumers will now be able to rely on the professional expertise of Mt. Washington's independent agents to help them select the SBLI life insurance coverage they need."

"We are excited to partner with Mt. Washington and their agents in offering this discount to our New Hampshire policyholders," said SBLI President and CEO Robert K. Sheridan. "Like SBLI, Mt. Washington is known for its customer-centered philosophy and commitment to providing high-quality, competitively priced insurance products to consumers."

About SBLI

Conceived by U.S. Supreme Court Justice Louis D. Brandeis, the Savings Bank Life Insurance system was established in Massachusetts in 1907. The Savings Bank Life Insurance Company of Massachusetts is currently licensed in 14 states and the District of Columbia. The Savings Bank Life Insurance Company of Massachusetts is in no way affiliated with the Savings Bank Life Insurance Company of Connecticut or SBLI USA Mutual Life Insurance Company, Inc. For more information on The Savings Bank Life Insurance Company of Massachusetts, please visit www.sbli.com or call 1-888-GET-SBLI.

About Mt. Washington Assurance Corporation

Headquartered in Concord, New Hampshire, Mt. Washington Assurance Corporation (www.mwac.com) is a member of The Plymouth Rock Group of Companies. Mt. Washington writes automobile and homeowners insurance exclusively, and maintains a rating of "A-/Excellent" from A.M. Best, the insurance industry's premier independent rating service.

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