Get a Free Life Insurance Quote in Eastern Shore, Maryland
We understand that purchasing life insurance is a very important decision. For your convenience, you can request a free quote online. If you’d prefer to speak to a knowledgeable member of our staff, we invite you to give us a call at our Easton or Chester, MD location. We’ll explain all the details—making your life insurance decision an easy one.
Universal and Whole Life (Permanent) Insurance
Many people will consider a universal and whole life (permanent) insurance policy to cover burial costs. In addition, universal and whole life insurance policies also offer the benefit of accruing cash value. In many situations, a universal and whole life insurance policy holder can even borrow against the value of his or her policy.
However, this type of life insurance policy offer has a higher initial premium than term life insurance.
Term Life Insurance
When you sign up for a term life insurance policy, you pay a premium on a monthly or yearly basis and you and your family are protected for a designated period of time—a “term.” Terms are often available in 5 year, 10 year, 20 year, and 30 year options.
At Bayside Insurance, you’ll be able to choose which term length is right for you, as well as the level of coverage you desire. Typically, people choose an amount that will cover a mortgage or other type of debt, such as student loan or credit card debt.
Term life insurance is the most popular type of life insurance and is generally the less expensive option.
Types of Life Insurance Coverage
At Bayside Insurance, we offer customizable term life insurance policies as well as universal and whole life (permanent) insurance policies. What’s the difference between the two and which one is better for you and your family? Our agents can help guide you based on what your unique needs are. Here’s a brief overview of our life insurance offerings: