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Life Insurance for MD, VA, DC

 Life Insurance for MD, VA, DC

Life insurance comes in many forms and can be used for many other purposes besides just paying for your final expenses. 

Here at Community Insurance Services in Laurel, Maryland, we help people like yourself fashion just the right policy to secure their future, whether you live in Maryland (MD), Virginia (VA) or Washington, DC.

Why Purchase Life Insurance?

Life insurance is a popular financial planning tool.  The best time to buy life insurance is when you’re in good health. The younger you are and the healthier you are, the better your rates will be. Since the benefits of a life insurance policy are typically paid upon your death, many people regard it as just a way to pay for your funeral and burial.  However, it can also be useful to:

  • Provide income for your dependents in case of your death.
  • Create an inheritance for your beneficiaries.
  • Provide funding for education/college.
  • Create a charitable contribution fund.
  • Accumulate savings if your policy grows a cash value.
  • Pay federal or state estate taxes to remove that burden from your heirs.

Types of Life Insurance Policies

There are two types of life insurance – permanent and term.

  • A Term life insurance policy pays benefits only if death occurs within the defined term of the policy.  You may select a coverage period, typically 1-30 years for a guaranteed premium.  Many term life insurance policies offer the option to convert to a permanent (cash value) policy.
  • Permanent life insurance is structured to pay benefits for a “lifetime” – even to 121 years of age.  There are several types of permanent policies offered by our agency: traditional whole life &  universal life.   
    • With traditional whole life insurance, the death benefit does not change and the premium remains constant for the life of the policy.  Over time, the policy accrues a cash value which you may withdraw or borrow.  
    • A universal life insurance policy is a very flexible long-term protection plan that combines the best features of term and permanent life insurance. It includes life insurance protection with an account value that earns tax-deferred interest. It can also be adjusted to meet your changing needs. 

Is it time to plan for your future and the protection of your family? 

Why not discuss the many life insurance options with one of our experienced agents who can help you explore the choices and answer your questions.  Just contact us today to discuss how we can help or to get a free quote.

 

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The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it.  This website is not intended to advise, offer or bind coverage.  You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at Community Insurance Services before making any decisions or choosing a course of action. 

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What Our Customers Have To Say...

I've been with Ginger and CIS (Formerly H.T.Brown Insurance Agency) since November, 1994. Insurance for auto, home, business, and life are a critical part of our daily lives. We never plan on having to use insurance, but it gives me "peace of mind" to know that CIS and Ginger are there to assist. For over 17 years I can pick up the phone and speak with someone that knows me beyond a policy number. In an ever changing environment, it's nice to know they are there to answer my questions. I look forward to being with them for many more years to come. Thanks Ginger.--- Tony Sykesville