Life Insurance in Baltimore, MD

Planning for the future means ensuring your loved ones are cared for, no matter what life brings. At Stastny Insurance Agency, we understand that discussing life insurance isn’t always easy, but it’s an essential part of a solid financial plan. Our team is here to help you navigate your options with clarity and confidence.

What Is Life Insurance and What Does It Cover?

Life insurance is an insurance policy designed to offer financial support to your beneficiaries after your passing. Understanding the different types of life insurance and their coverages can help you make the best choice for your family’s needs. Here are the main types of coverage available:

• Term life insurance may offer coverage for a specific period, typically 10, 20 or 30 years, with a death benefit paid if you pass away during the term.

• Whole life insurance may provide lifetime coverage and build cash value over time that you can access while living.

• Universal life insurance may offer flexible premium payments and death benefit amounts that can be adjusted as your needs change.

• Final expense insurance may help cover funeral costs and other end-of-life expenses.

What Affects Life Insurance Costs?

Several key factors influence the cost of life insurance coverage. Understanding these elements will help you better prepare for your insurance consultation:

• Age plays a significant role in determining premiums, with younger applicants typically qualifying for lower rates.

• Health history, including current conditions and family medical history, may impact your rates.

• Lifestyle choices such as smoking, occupation and hobbies affect premium calculations.

• Coverage amount and type may influence your monthly premium costs.

• Policy length can determine rates, with longer terms typically resulting in higher premiums.

• Payment schedule options can affect your overall insurance costs.

Your Family’s Future Starts Here

Life insurance is more than just a policy—it’s a gift of financial support for your loved ones. Ready to explore your options? Contact the team at Stastny Insurance Agency; we are here to guide you through every step.