Baltimore Life

Baltimore Life insurance has been in business since 1882. It serves customers in 49 states in addition to the national capital. It currently offers a suite of products called Silver Guard for burial and final expense customers. Silver Guard features guaranteed level premiums, meaning that your payments will not increase over the life of your policy. Baltimore Life further guarantees that your insurance will not be cancelled for any reason, provided that you make your payments. The company does not require medical exams or blood tests to qualify for its burial insurance. However, a health questionnaire is required and will help determine which product best fits your individual needs.

What is burial insurance?

If you’re shopping for burial insurance, be aware that most insurance companies call it final expense insurance. A few call it funeral insurance. However you refer to it, burial insurance is a type of life insurance that pays a fixed benefit when the policyholder dies. Burial insurance is almost always cheaper than more traditional life insurance, both because it pays out smaller amounts and because it is usually carried for a shorter amount of time. This makes it much easier to qualify for burial insurance as well as obtain lower monthly premiums when compared to regular life insurance. Burial insurance is intended to cover the cost of funerals and related expenses.

Why is burial insurance necessary?

Burial insurance is necessary for a number of reasons. First and foremost, if you lack any savings or cash set aside for funeral and other end-of-life expenses, your surviving family will be stuck paying the bills after you die. They will also be responsible for any debts resulting from your end-of-life care. It’s therefore a good idea to leave your family a burial insurance benefit that can cover some or all of these costs. This benefit is usually paid out in one lump-sum cash amount that your family can use for any expenses or purchases that it desires. Burial insurance can also be used in the event that you’ve been denied regular life insurance.

How much burial insurance is necessary?

Most burials cost around $10,000 in the United States. Most burial or final expense insurance policies pay out one-time benefits in this neighborhood, although some do go as high as $35,000 or even $50,000. Policies with higher death benefits will require higher monthly premium payments. They may also feature additional qualification requirements related to your health. If you intend to have a modest, traditional funeral, a $10,000 burial insurance policy should cover the vast majority of the expenses no matter where you live in the United States.

How to get started

If you are already a Baltimore Life insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can contact a Baltimore Life customer service representative via the company’s website. You may also shop for policies using our comparison tool by clicking on the following link.

Financial Strength Ratings

AM Best – B++, Stable outlook
Moody’s – Not rated
Standard & Poor – Not rated

Company contact info

Baltimore Life
10075 Red Run Blvd
Owings Mills, MD 21117-4871
info@baltlife.com
(800) 628-5433