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Last updated July 22, 2009
Stonebridge Life is a direct to customer insurance company, serving families across the United States for more than 40 years. Today, the company provides life insurance and accidental death insurance to more than 1.7 million policyholders via mail, phone and the internet.
Stonebridge Life is an AEGON company. Founded in 1883, from a merger between AGO Holding N.V. and Ennia N.V., AEGON has become one of the largest life insurance and pension companies in the world. The company has over 30,000 employees and 40 million customers in 20 different countries. It acquired Scottish Equitable in 1994 and Guardian Royal Exchange in 1999. That year, it also bought Transamerica Corporation.
AEGON is one of the world’s largest life insurance and pension groups as well as a strong provider of investment products. AEGON’s head office is in The Hague, the Netherlands. In mid-2008, AEGON companies employed about 35,500 people worldwide.
AEGON’s businesses focus is on life insurance, pensions, savings and investment products. The group is also active in accident and supplemental health insurance, general insurance and limited banking activities. AEGON has major operations in the United States, the Netherlands and the United Kingdom. In addition, the group is present in a number of other countries including Canada, Hungary, Romania, Slovakia, Spain, China Taiwan and India.
Stonebridge Life offers term and whole life insurance to their policyholders. Term life is insurance that provides protection for a set number of years, or a term. If the insured dies within that specified time period, death benefits will be paid to the beneficiaries. Otherwise, the policy expires and renewal is necessary to continue protection. Stonebridge’s terms come in intervals of 10 years and provide coverage of $25,000, $50,000, $75,000 or $100,000. Juvenile term is also available, providing coverage up to $5,000 for children or grandchildren ages 3 months to 18 years.
Whole life insurance provides lifelong protection. As long as the premiums are continuously made, death benefits will be paid to the beneficiary after the death of the policyholder. A cash value accumulates with the premium payments and can be borrowed by the policyholder.
Contact Stonebridge at:
Stonebridge Life Insurance Company PO Box 869092 Plano, TX 75086-9092 Telephone: (800) 362-6900
Sources: “Life Insurance,” Stonebridge web site, 2007; “AEGON,” Wikipedia, 2009; “Facts Sheet,” AEGON web site, 2009; “About Stonebridge Life,” Stonebridge web site, 2007.