December, 14 2017

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Stonebridge Life Insurance Review

Stonebridge Life Insurance Review

Author
  • Price
  • Underwriting
  • Financial Strength

Stonebridge Life Insurance Review

Pros: Financial Ratings– Stonebridge Life Insurance Company has an A+ (Superior) financial rating from A.M. Best and a 95 out of 100 Comdex ranking.  Convenient– Stonebridge Life offers no exam life insurance and accidental death policies which makes obtaining a life insurance policy quick and easy.

ConsExpensive– Their rates are expensive compared to other no exam policies that are available (see table below).  Rates are only guaranteed for the first year on their term policy– Their 10 and 20 year term products only guarantee the rates for the first year compared to traditional level term policies that lock in the rate for the entire term.

Bottom Line: Stonebridge Life Insurance Company is very highly rated from the four main rating agencies.  They offer a wide range of life insurance products, most without a health exam, including a Short Term Life policy for those who only need life insurance temporarily like those who may be between jobs.  However, in comparing their rates, coverage amounts and policy details, it’s advisable to compare rates from other insurers before selecting a policy. (See the price comparison table below).

About

Type: Subsidiary of Aegon USA

Issued by: Stonebridge Life Insurance Company

Website: stonebridgelife.com

Phone: (800) 362-6900

Address: 2700 W. Plano Parkway, Plano, TX 75075

A.M Best Rating: A+ (Superior) Second highest of 16 possible ratings

Comdex Ranking: 95 out of 100

BBB Rating: NA

Life Insurance Products: Term to 70, Short Term Life, 10-year term, 20-year term, Juvenile, Accidental Death, Underwritten Whole Life

Competitors: Sagicor, Amica, ANICO, Assurity, Colonial Penn, AARP, Globe Life, Ohio National Life, New York Life, Northwestern Mutual, MassMutual, Grange Life Insurance Company, Symetra Life Insurance Company, Mutual of Omaha, John Hancock, PennMutual, Principal, State Farm, Farmers, Allstate, American General Life, Banner Life, Protective Life, Primerica, Genworth Life, Pacific Life Insurance, North American Co, Lincoln National Life, ING-ReliaStar, Transamerica, Prudential, Midland, Cincinnati Life, TIAA-CREF, Guardian, OneAmerica, Minnesota Life, RiverSource, Allianz Life Insurance Company, Thrivent Financial for Lutherans, AAA, Erie.

 

Price Comparison Chart

Sample rates for a male for a no medical exam $200,000-20 year term policy.

AgeStonebridgeSagicorANICOAssurity
40$67.17$28.80 $33.52 $46.29

 

As you can see a healthy 40 year old can lock in the same no medical exam 20 year term life for less than half the price and the rate is guaranteed for the term.


Summary
Review Date
Reviewed Item
Stonebridge Life Insurance
Author Rating
3