Best Life Insurance in Baltimore, MD (October 2024)

Protective is Baltimore, Maryland's best life insurance provider, with a MoneyGeek score of 92 for men and women. The average monthly premiums are $13 for males and $12 for females. These scores and costs are based on a 20-year term policy with $500,000 coverage.

When deciding on life insurance, consider your age, health and coverage needs. Your unique situation may mean a different company is best for you.

Protective offers the best life insurance in Baltimore, with a MoneyGeek score of 92 and average monthly premiums of $13 for men and $12 for women.

Top providers for men:

• Protective: MoneyGeek score of 92 out of 100 at $13 per month
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $16 per month

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $12 per month
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $15 per month

Protective's high MoneyGeek score and competitive monthly premiums make it a reliable option for life insurance.

Protective has the best term life insurance in Baltimore, with a MoneyGeek score of 92 and an average monthly premium of $7 for men and women. Its affordability, high customer satisfaction and financial stability make it a solid choice.

Top term life insurance companies for men:

• Protective: MoneyGeek score of 92 out of 100 at $7 per month
• Mutual of Omaha: MoneyGeek score of 92 out of 100 at $7 per month

Top term life insurance companies for women:

• Protective: MoneyGeek score of 92 out of 100 at $7 per month
• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $7 per month

Term life insurance offers financial protection for a specific period, benefiting those who need coverage to secure a mortgage or provide for their family in case of an untimely death.

Protective is the best whole life insurance provider in Baltimore, with a MoneyGeek score of 92 for men and women. This score reflects the company's strong affordability, customer satisfaction and financial stability.

• Protective: MoneyGeek score of 92 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men and women

Whole life insurance is a permanent policy that offers a death benefit alongside a cash value component, which can grow over time. Unlike term life insurance, which covers you for a specific period, whole life insurance remains in effect for your entire life as long as you pay your premiums. This benefits those who want to ensure their loved ones are financially secure no matter when they pass away.

Protective has Baltimore's best universal life insurance, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong balance of customer satisfaction and financial stability.

• Protective: MoneyGeek score of 91 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Universal life insurance offers a flexible premium and death benefit, which can appeal to those who want to adjust their coverage as their life circumstances change. Someone might choose it over term life insurance if they want a policy that can contribute to their long-term financial goals while providing life insurance coverage.

Protective offers the best life insurance in Baltimore without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.

• Protective: MoneyGeek score of 91 out of 100 for men and women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Life insurance with no mandatory medical exam allows prospective policyholders to get coverage quickly without needing a health checkup. Someone with a busy schedule or fearing medical tests might choose this insurance over traditional policies for its convenience and ease of application.

Protective offers the best term life insurance for seniors in Baltimore, with a MoneyGeek score of 92 and an average monthly premium of $30 for men and women.

Age impacts life insurance premiums, as insurers consider the increased health risks of old age. Protective stands out with its strong performance in affordability, customer satisfaction and financial stability, making it a reliable option for seniors.

Mutual of Omaha provides the best term life insurance for smokers in Baltimore, with MoneyGeek scores of 92 for men and 90 for women. The average monthly premium is $29 for both genders.

Smoking raises premiums because of the higher health risks linked to tobacco use. Insurers charge smokers more to offset these risks. Mutual of Omaha’s top scores for affordability, customer satisfaction and financial stability make it the top choice for smokers.

Protective offers the best term life insurance for young adults in Baltimore, with a MoneyGeek score of 92 and an average monthly premium of $4 for men and women.

Age significantly affects premiums because younger adults typically have lower health risks. Protective's high MoneyGeek score is due to its strong customer satisfaction, affordability and financial stability.

In Baltimore, Protective offers the best cheap term life insurance, with a MoneyGeek score of 92 and average monthly premiums of $7 for men and $6 for women.

Factors like age, health, coverage amount and term length influence premiums. To get the lowest rates, maintain a healthy lifestyle, choose a shorter term length and opt for lower coverage amounts.

The average monthly premiums for term life insurance in Baltimore are $14 for men and $13 for women. Premiums vary based on age, health, lifestyle, coverage amount and term length.

Local conditions, such as health statistics, crime rates, economic factors and insurer competition, can make life insurance costs in Baltimore higher or lower than in other parts of Maryland. Considering these factors helps you choose the coverage that fits your needs.