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Best Life Insurance Quotes in Baltimore, MD

Oct. 15, 2019, 3:16 p.m.

Whether it’s to cover final expenses or provide for your family, life insurance offers assurance that loved ones will be taken care of after you’re gone. Our partners at ConsumerAffairs researched the best life insurance in Baltimore so you can make sure your family is financially protected.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. WMAR may receive compensation from our partners. Learn more.

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#1
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Policygenius

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Policygenius
Policygenius
Features
  • Free coverage assessment tool
  • Compare quotes from more than a dozen companies
  • Apply online
  • Available in Baltimore
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#2
EverQuote
EverQuote
Features
  • Largest online marketplace for insurance shopping
  • Fast, free comparision of quotes
  • Find coverage right for you and your family
  • Available in Baltimore
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Location
Serves residents in
Baltimore, MD
(855) 522-3444
#3
Allstate Insurance: Carlos Sanchez
Allstate Insurance: Carlos Sanchez
Features
  • More than 10 years experience
  • Spanish language services available
  • Free online quote
  • Award-winning agent
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Location
1609 Eastern Ave.
Baltimore, MD 21231
(410) 777-8170
#4
State Farm Insurance: Scott Garvey
State Farm Insurance: Scott Garvey
Features
  • Banking & annuity services available
  • English, Spanish & French language services
  • 8-year military veteran
  • Award-winning agent
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Location
6112 York Rd.
Baltimore, MD 21212
(410) 889-5840
Allstate Insurance: Melissa Garland
Allstate Insurance: Melissa Garland
Features
  • M-T, Th-F: 9am - 5pm
  • W: 9am - 6pm
  • Sat: 10am - 1pm
  • Closed Sun
  • agents.allstate.com/melissa-garland-baltimore-md.html
Location
7002 Reisterstown Rd., Ste. F
Baltimore, MD 21215
(410) 690-8777
Chubb Group Insurance
Chubb Group Insurance
Features
  • By appointment only
  • chubb.com/us-en
Location
200 St. Paul Pl., St. Paul Plaza, Floor 23
Baltimore, MD 21202
(410) 659-6500
Stastny Insurance Group
Stastny Insurance Group
Features
  • M-F: 9am - 5pm
  • Sat: 9am - 12pm
  • Closed Sun
  • stastnyinsurance.com
Location
6822 Harford Rd.
Baltimore, MD 21234
(410) 254-1500
State Farm Insurance: Charmaine Barnes
State Farm Insurance: Charmaine Barnes
Features
  • M-F: 9am - 4:30pm
  • Sat and Sun by appointment
  • statefarm.com/agent/us/md/baltimore
Location
900 S Ellwood Ave.
Baltimore, MD 21224
(410) 675-1900
Allstate Insurance: Matthew Valchich
Allstate Insurance: Matthew Valchich
Features
  • M-F: 8:30am - 6pm
  • Sat by appointment
  • Closed Sun
  • agents.allstate.com/matthew-valcich-baltimore-md.html
Location
6216 Eastern Ave.
Baltimore, MD 21224
(410) 633-0001
Baltimore Insurance Network
Baltimore Insurance Network
Features
  • M-F: 8am - 6:30 pm
  • Closed Sat and Sun
  • baltimoreinsurancenetwork.com/index.html
Location
11 E. Lexington St., Floor 3
Baltimore, MD 21202
(443) 869-6424

How to choose life insurance in Baltimore

Baltimore Skyline

Life insurance is a vital part of your long-term financial planning and prevents your family from experiencing financial hardship if you die unexpectedly. The benefits from a life insurance policy are income tax-free and can be used for multiple purposes, including:

  • Funeral and burial expenses
  • Replacement income
  • Education expenses for your children
  • Estate taxes
  • Business protection for small business owners
  • Medical bills, car loans or mortgage
  • Charitable donations

Although many companies in Baltimore offer life insurance to their employees, these policies may not have a large enough death benefit to sufficiently protect your family. In addition, these policies generally expire when the term of employment does, which could leave you without life insurance at a financially vulnerable time.

Types of life insurance

Insurance policies require you pay a regular premium (usually monthly, semi-annually or annually). There are multiple variations of life insurance available in Baltimore, and the type you choose will depend on your specific needs. Some of the most popular forms of life insurance are listed in the chart below.

Type Coverage
Whole life Lifetime coverage with guaranteed return on investment and cash value that can often be borrowed against
Term life Coverage for predetermined period of time, no cash value
Universal life Lifetime coverage, guaranteed benefit, more flexible than whole life policies
Final expense/burial Covers cost of anything associated with the death of policyholder
Variable life Lifetime coverage, has an investment component
Simplified issue life Term life without medical exam, rates based on health questionnaire
Guaranteed issue life No medical exam or health questionnaire, term life, higher premiums
Group life/employment-based life Limited benefits, expires at retirement/when no longer employed by company

The cost of life insurance in Baltimore

Once you know the type of life insurance you want to buy, you can start comparing rates. The cost of life insurance in Baltimore is determined by multiple factors, such as your age and medical history. Other factors considered in the calculation of life insurance include:

  • Gender
  • Occupation
  • Family medical history
  • Nicotine use
  • Driving record
  • Planned travel to dangerous parts of the world
  • Dangerous hobbies

If you’re young and healthy, it might seem like it makes the most sense to go with the policy that offers the minimum payout benefit you need at the lowest cost. When it comes to insurance, however, opting for the policy with the lowest premium isn’t always the best choice. Your insurance agent can work with you to decide which policy will best suit your needs.

Choosing a life insurance provider in Baltimore

State and federal laws require life insurance providers to maintain enough funding to pay their future obligations, but the importance and value of life insurance make it worthwhile to research a company before trusting it with your family’s financial future. The best way to do that is by checking the company’s credit rating.

Independent credit rating companies such as Standard and Poor’s, Moody’s and A.M. Best provide ratings for a company’s fiscal stability. In general, the largest and most well-known life insurance providers, such as Prudential Financial, State Farm, New York Life Insurance Group and MetLife, are in excellent financial health. Customer reviews are also a good way to assess the quality of a life insurance company.

Don’t ignore your instinct when comparing life insurance providers. If you call to get information and the agent lacks the knowledge to answer your questions, tries to pressure you into buying a policy before you’re ready or provides poor customer service, steer clear. Chances are your beneficiaries will encounter the same when they submit a claim down the line.

For more information on life insurance and your rights as a policyholder in Baltimore, check out this consumer guide to life insurance by the Maryland Insurance Administration.

Policygenius

Policygenius

Policygenius is an online insurance marketplace that offers unbiased advice without industry jargon and lets you compare quotes from multiple providers. The company ranks policies based on your criteria and provides the option to apply and buy policies through its website. Baltimore customers praise Policygenius for its excellent service, responsiveness and ease of use.

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EverQuote

EverQuote

EverQuote lets customers skip the search for insurance and immediately start comparing policies by filling out a questionnaire. The company then matches you with insurance agencies that offer policies that suit your needs. Baltimore customers appreciate the convenience provided by EverQuote, but some people complained of excessive phone calls from insurance companies.

Allstate Insurance: Carlos Sanchez

Allstate Insurance: Carlos Sanchez

Carlos Sanchez at Allstate provides a variety of life insurance policies along with friendly customer service. The agency’s representatives speak English and Spanish. In addition to life insurance, the agency also offers home, rental, auto and car insurance. Customers in Baltimore appreciate the company’s competitive rates.

State Farm Insurance: Scott Garvey

State Farm Insurance: Scott Garvey

Scott Garvey with State Farm Insurance is committed to helping customers save money. The agency offers life insurance along with other types of insurance, annuities and banking services. Baltimore customers say the team is thorough and compassionate, and many reviews say they appreciate the office’s agents for their patience and dependability.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.