Maryland Life Insurance
Whole, Universal, Or Term Life – Insurance Coverage That’s Right For Your Situation
Your Independent Maryland Insurance Agent Is Your Best Bet For The Smartest Investment
Without a doubt, buying life insurance is one of the best, most important investments you will ever make. Not only do life insurance policies provide much-needed money to take care of loved ones left behind upon death – but life insurance policies 1) provide valuable leverage now now and 2) produce supplemental income later.
In Maryland, life insurance really is a great idea. Any financial planner will tell you that the right life insurance policy – one that’s custom-tailored to your needs – is an absolutely essential component of your overall financial plan…and that an independent Maryland insurance agency like Insurance Brokers of Maryland – serving clients for more than 32 years – is the best way to get a customized quote on all your life insurance options.
There are many different life insurance companies offering many different kinds of life insurance with many different rider options. It takes a licensed independent insurance agent like the experienced professionals at Insurance Brokers of Maryland to get the right information, sort through the menu of choices, and deliver the most attractive life insurance policies.
Whole And Universal Life Insurance In Maryland
Money To Your Beneficiaries Upon Death, Cash Value For You During Life
Some people think – if people think about life insurance at all – that buying life insurance coverage only provides funds for the insured’s beneficiaries upon his or her death (i.e., the death benefit). And, yes, that is the main point of owning life insurance. But Whole Life and Universal Life are different things altogether.
At Insurance Brokers of Maryland, our company creates custom Whole Life and Universal Life insurance plans that:
- lends fast-access emergency or rainy-day funds in the form of a policy loan
- supplement retirement revenues in retirement
- provide much-needed funding to your loved ones and/or business when you’re gone
- take advantage of life insurance policies’ favorable tax treatment by the IRS
- offer a myriad of riders to tailor the policy to our client’s needs
Whole Life Insurance is a good option for the individual who wants cost-certainty in their life insurance premium payment for the duration of the policy (i.e., usually until the insured reaches age 100). Plus, many Whole Life policies offer a rider (an extra clause) which take over premium payments in the event the insured becomes disabled.
Universal Life Insurance is a good option for the individual who wants a policy offering both protection and investment. There are numerous types of Universal Life policies for sale by a variety of insurers. While the internal growth of some Universal Life policies is tied to relatively safe investment instruments, some kinds of Universal Life policies (such as Variable Universal Life) carry substantial risk and are not advisable for every investor.
Term Life Insurance In Maryland
The Choice For Inexpensive Coverage Over A Defined Period Of Time
Term Life is ordinary life insurance without the proverbial whistles and bells. With no features, a set premium payment, and usually not many rider options, Term Life is simply straight coverage that pays a defined benefit to the insured’s beneficiary in the event that the insured dies during the policy term, which are typically for one, five, ten, twenty, or thirty years. Most Maryland life insurance companies offer Term Life policies that can be converted to Whole Life policies without the insured undergoing further financial underwriting or medical tests.
What’s The Big Deal About Life Insurance?
And When Is It A Good Idea To Buy A Policy?
Not nearly everyone buys life insurance, but nearly everyone has a reason to buy life insurance. Usually a lot of reasons.
Residents here in the state of Maryland often have significant assets to be protected – a family, a home, a company, et cetera. Plus, residents in the state of Maryland tend to be savvy investors, demanding some return from their outlay payments.
Well, residents of Maryland, here’s some great information for you: Life Insurance takes care of both those concerns – just when you need it most.
Good Reasons To Buy Maryland Life Insurance
- Augment retirement revenues
- Supplement business insurance
- Access low-interest loans
- Replace your lost salary
- Protect your family from debt
- Provide your family with living expenses
- Pay funeral expenses
- Pay off medical bills
- Pay off mortgage(s)
- Fund college tuition
Life Changes That Require Purchasing Or Adjusting Maryland Life Insurance
- Getting married or divorced
- Having a baby or adopting a child
- Buying a house or assuming a mortgage
- Earning a new job or a substantial raise
- Selling a business or experiencing a financial windfall
Choose From Among The Top-Rated Life Insurance Companies Doing Business In Maryland
Independence is a major selling point for a Maryland life insurance agent. It means we’re able to sell life insurance policies underwritten by almost every life insurance company licensed to do business in the state by the Maryland Insurance Administration…which means Insurance Brokers of Maryland gathers information from a multitude of insurance companies to find the best life insurance policy you could buy, including all applicable discounts and an affordable payment.
Contact Insurance Brokers Of Maryland
Call Or Use Our Website To Get Your Free Maryland Life Insurance Quote
We Serve Frederick, Emmitsburg, Any Zip Code In The Free State!
Have a no-obligation, no-pressure talk with an agent about life insurance – including how the right policy from the right insurer can both protect and provide for your family and your business.
Our Maryland life insurance company serves clients from any zip code in the great state of Maryland, and is a member of and governed by the Maryland Insurance Administration.
Please call our Frederick MD office at 301-668-2233 or our Emmitsburg MD office at 301-447-2565, or fill out the short form on our website. Request more information and a customized quote on a sensible, rewarding life insurance policy.