About Life Insurance
Bayside Insurance Protect offers affordable and flexible term life,
whole life, and universal life policies for you and your family.
There are many reasons for purchasing life insurance. Upon your death, you may need to cover:
- a mortgage or other expenses so that your family doesn’t lose its home or be burdened by your debt
- funeral costs or unpaid medical bills
- income to provide for the family
- student loan cost
- income during the retirement years
- retirement savings options to ensure charitable giving
- funding for a buy-sell agreement and key person protection for a business.
Life insurance policies can also provide for college savings, estate planning, business planning, and additional retirement savings.
Get a Free Online Quote
Figuring out how much life insurance coverage you may need to take care of your family can be daunting – whether you are single, newly married, a first-time homeowner, starting a new family, taking care of aging parents, or retiring. At Bayside Insurance, you’ll be able to choose which, as well as the level of coverage, you desire at each stage of your life. Our agents can help guide you based on what your unique needs are to provide you with the peace of mind you deserve.
For your convenience, you can request a free quote online. If you would prefer to speak to a knowledgeable member of our staff, we invite you to give us a call at our Chester or Easton, Maryland location. We’ll explain all the details—making your life insurance decision an easy one.
Types of Life Insurance
Bayside Insurance offers three main types of customizable life insurance coverage:
- Term Life Insurance – Monthly or Yearly Premium – Least Expensive
Term life insurance policies are the most popular type of life insurance and offer you and your family protection for a designated period of time—a “term.” Terms are often available in 5-year, 10-year, 20-year, and 30-year options. Typically, people choose a term length that is right for them and an amount that will cover a mortgage or other type of debt, such as student loan or credit card debt. This is the most cost-effective protection for loved ones left behind. Term Life Insurance can be added to a whole life policy to meet specific needs and has no cash value.
- Universal and Whole Life (Permanent) Insurance – Higher Initial Premium
Universal and whole life insurance policies offer the benefit of accruing cash value. In many situations, a universal and whole life insurance policyholder can even borrow against the value of his or her policy. Many people use this policy to cover burial costs. This type of life insurance policy offers has a higher initial premium than term life insurance.
Universal Insurance offers protection with premiums and coverage that are guaranteed to remain the same for your lifetime. This type of policy is for people who need a permanent life insurance solution that is fully guaranteed.
Whole Life Insurance offers entire life protection and includes a policy cash value with a flexible payment schedule. This type of policy is for people who need college savings, estate planning, business planning, and additional retirement savings.
As your insurance partner,
We promise to deliver what you need.
CALL US TODAY - CHESTER OFFICE: 410-643-6641 or EASTON OFFICE: 410-822-2800