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Maryland Life Insurance [2024]

Maryland life insurance offers residents a 10-day free look period, 30-day grace period, and timely payment of death claims. Get affordable MD life insurance quotes to protect your loved ones.

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Written by:

Laura Kuhl

Insurance Content Team Lead

Laura Kuhl holds a Master’s Degree in Professional Writing from the University of North Carolina at Wilmington. Her career began in healthcare and wellness, creating lifestyle content for doctors, dentists, and other healthcare and holistic professionals. In 2018, she started writing for the cannabis industry. She curated news articles and insider interviews with investors and small business ...

Insurance Content Team Lead

Reviewed by:

Jeff Root

Licensed Life Insurance Agent

Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...

Licensed Life Insurance Agent

UPDATED: Jan 1, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

UPDATED: Jan 1, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

We offer Maryland residents life insurance from several of the best MD life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so expect your Maryland life insurance rates to vary.

However, this guide should help you understand the differences in Maryland life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in Maryland.

Before we dive into this guide, find affordable Maryland life insurance rates by clicking on our FREE quote tool above. Get started now.

Table of Contents

Maryland Life Insurance Quotes

We offer Maryland residents life insurance from several A-rated life insurance companies. Life insurance is very similar from state to state, with a few exceptions. This guide should help you understand the differences as well as find resources in your state.

Policy Cost – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies then approved by the State Insurance Department.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.Read More: The Cost of Life Insurance

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

Maryland life insurance also offers residents a 10-day free look period, 30-day grace period, and timely payment of death claims. 

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Life Insurance Rates in Maryland

To give you an idea of what Maryland life insurance rates look like, check out the chart below to see what the top companies charge based on non-smoking status, age, marital status, and gender. Keep in mind that your Maryland life insurance quotes may be different, depending on demographics, occupation, habits, and family medical history as well as which Maryland life insurance policy you choose.

In this next chart, you can also see how many Maryland life insurance companies there are in comparison to other southern states.

Note that Maryland has four life insurance companies that operate specifically in the state, but that doesn’t mean affordable life insurance rates in Maryland are hard to come by. You can still access the best life insurance in Maryland with our free quote tool on this page.

Read more: Delaware Life Insurance

Maryland Guaranty Association

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance and annuities in the state. If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

In Maryland, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.

Maryland Life Insurance Contacts

Here is a list of all the necessary state contacts for residents with Maryland life insurance claims and other related matters.

Guaranty Association

If you need information about a Maryland life insurance or health insurance guaranty, contact the Maryland Life & Health Insurance Guaranty Corporation at 1-410-998-3907 or visit the website.

Insurance Department

For the latest updates from the Maryland Department of Insurance, you can contact the Maryland Insurance Administration by phone at 1-800-492-6116 or visit the website. Here, you can access the Maryland Insurance Administration producer search to find an agent or provider.

You can also lookup Maryland Insurance Administration enforcement actions, Maryland Insurance Commissioner complaints, and the status of a Maryland Insurance Commissioner service of process against providers.

Additionally, you can access affiliate links to learn more about Maryland life insurance and Maryland health insurance.

Legal Info

QuickQuote is licensed to sell life insurance in Maryland under Agency License Number NPF113453.

The licensed company principal is Tim Bain, Agent License Number NPI154411.

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Maryland Life Insurance Companies

American General Life Insurance Company

Banner Life Insurance Company

Fidelity Life Association

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Metlife Life Insurance Company

North American Company for Life & Health Insurance

Pacific Life & Annuity Company

Principal Life Insurance Company

Protective Life Insurance Company

Pruco Life Insurance Company (Prudential)

Sagicor Life Insurance Company

The Savings Bank Life Insurance Company of Massachusetts (SBLI)

Transamerica Life Insurance Company

United of Omaha Life Insurance Company

Don’t wait — Use our free quote tool to get affordable life insurance rates in Maryland. Get started now.

Frequently Asked Questions

What is the free look period in Maryland life insurance?

What is the free look period in Maryland life insurance?

Maryland life insurance offers residents a 10-day free look period, which allows policyholders to review their policy and cancel it within that timeframe if they are not satisfied.

What is the grace period for Maryland life insurance?

What is the grace period for Maryland life insurance?

Maryland life insurance policies typically come with a 30-day grace period, which means that if the policyholder fails to pay the premium on time, they have an additional 30 days to make the payment without the policy lapsing.

How are death claims handled in Maryland life insurance?

How are death claims handled in Maryland life insurance?

Maryland life insurance companies strive to ensure timely payment of death claims. When a policyholder passes away, their beneficiaries can file a claim with the insurance company, which will then review the claim and process the payment as quickly as possible.

Are Maryland life insurance quotes free?

Are Maryland life insurance quotes free?

Yes, when obtaining life insurance quotes in Maryland, the process is free. You can use online quote tools or contact insurance agents to get personalized quotes without any cost.

How is personal information protected when obtaining Maryland life insurance quotes?

How is personal information protected when obtaining Maryland life insurance quotes?

The security of personal information is crucial. Maryland life insurance quote tools and online platforms utilize SHA-256 encryption, a secure cryptographic hash function, to safeguard sensitive data and ensure the privacy and security of users.

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Written by:

Laura Kuhl

Insurance Content Team Lead

Laura Kuhl holds a Master’s Degree in Professional Writing from the University of North Carolina at Wilmington. Her career began in healthcare and wellness, creating lifestyle content for doctors, dentists, and other healthcare and holistic professionals. In 2018, she started writing for the cannabis industry. She curated news articles and insider interviews with investors and small business ...

Insurance Content Team Lead

Reviewed by:

Jeff Root

Licensed Life Insurance Agent

Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...

Licensed Life Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

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We've been helping people buy life insurance online for over 23 years. In fact, we launched our first website a full year before Google!

We've been helping people buy life insurance online for over 23 years. In fact, we launched our first website a full year before Google!

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