Stonebridge Life Insurance Company offers life, accidental death, dental and health insurance plans, according to the company. It offers insurance in every state except New York, and available policies vary among states as of 2015. Based in Rutland, Vermont, with administrative offices in Plano, Texas, its website is StonebridgeInsurance.com.
When someone dies, life insurance policy proceeds can help pay funeral expenses, debts and provide financial support for a surviving spouse, children or other loved ones. Stonebridge Life Insurance Company customers can purchase whole life or term life insurance policies, as the company's website explains. A whole life policy increases in cash value over the life of the policy. A term life policy does not increase in value and pays the beneficiary a predetermined amount if the policy holder dies while the policy is in force. Factors including the customer's age, budget and length of time the customer needs coverage help to determine the type of policy the customer should purchase.
Customers who need short-term coverage may choose term life insurance as a lower-cost protection compared to whole life policies, which offer coverage over longer terms, as Stonebridge Life Insurance Company explains. The company offers an interactive financial calculator on its website that helps customers determine how much life insurance coverage they need.