What is Life Insurance?

Life insurance pays out a sum of money either on the death of the insured person or after a set period of time.

​As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs. 

Common Types of Life Insurance

Term Life Insurance
  • Term life insurance can provide essential protection for your family. It is less expensive than other life insurance options.
    The downside of term life insurance is that it isn't a permanent life insurance solution. Once the term ends, the coverage ends or the premiums increase dramatically. And, the older you are, the more expensive it gets.
Whole Life Insurance
  • Whole life is the most common type of permanent life insurance. With whole life insurance, your premium payments remain the same over the life of the policy. You can choose how often you'd like to make premium payments, too – annually, semiannually, quarterly or monthly.
    Some whole life policies can be paid up after a certain number of years. When you purchase a policy, you'll know how the cash value will grow over the life of your policy.
Universal Life Insurance
  • The major advantage of UL is flexibility: you can change the protection level of the policy (within bounds) and you control the amount of frequency of payments (again, within bounds). 
    This life insurance offers protection for your family and strategies for leaving a legacy to them. It can also help small business owners with continuation planning.
  • Contact us to learn more about the right life insurance for you.

Contact Us About
Life Insurance:

(410) 687-8200
201 Eastern Blvd
Baltimore, MD 21221
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