Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

Life Insurance

Do I ever need to review my policy after I purchase it?

It is a great idea to review your policy regularly (every couple of years).  As your life changes, you want to make sure that your policy continues to meet your needs.  Some life events that may change your life insurance needs include marriage or divorce, the birth of children or grandchildren, purchasing a new home, starting a business, and retirement.

How much does life insurance cost?

Your health rating and the type of policy that you choose will affect the premium amount that you pay.  Contact us and we will take some quick information from you then provide you with quotes for life insurance from different carriers.

Can I still get life insurance if I use tobacco?

Yes.  You will not receive a preferred health rating if you use tobacco, so the premiums that you pay will be higher than those a nonsmoker would pay.

What factors will affect the health rating I receive for my life insurance policy?

Your rating will be determined by many factors.  Your height and weight, tobacco use, cholesterol level, health conditions, and lifestyle, as well as family health history will contribute to your health rating.  

What are the advantages of permanent life insurance?

Permanent life insurance provides a death benefit as long as you live if your premiums are paid.  As with all life insurance, the benefits are paid to beneficiaries tax-free.  Periodic review of life insurance policy is recommended.  

Some polices have the option to pay premiums for a shorter periods such as 20 years, or until age 65.  Premiums are higher, since the premium payments are made during a shorter period.  

Cash value life insurance policies may be one of several types: whole life, universal life and variable life.  

What are the advantages of term life insurance?

Term life insurance will give you protection without additional investment or cash-value components.  You will pay level premiums for the “term” of your policy.  Your policy will be effective as long as you pay your premiums on time.  If the policy owner dies during the term of the policy, the benefit is paid to the beneficiary.

How much life insurance do I need?

The answer to this question is different for everybody.  Ask yourself the following questions:

Why choose Baygroup Insurance?

Baygroup Insurance has over 40 years of combined experience in the Long-Term Care insurance (LTCi), life, disability, and health insurance markets.  Baygroup Insurance is a brokerage, which means they offer a selection of top insurance carriers to choose from.  They have sold over xxx LTCi policies.

Six Killer Mistakes on Life Insurance

For current life insurance policy holders and consumers thinking about purchasing life insurance policies.

Our Life Products

Let Baygroup Insurance help you find the life insurance coverage you need.

Baygroup Insurance is a life insurance brokerage. This is beneficial to you, the consumer, because we can help you select from many different policies to find what is best for you.

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