Top 10 Largest Cities
Did You Know?Maryland State Facts
- Annapolis is the capital of Maryland
- Maryland was the 7th state in the USA; it became a state on April 28,1788
Adam D. from Baltimore, MD
April 11, 2011
Maryland State is located in the mid Atlantic region. It shares borders with West Virginia, Virginia and District of Columbia on its South and West and Pennsylvania and Delaware on North and East. The capital of Maryland is Annapolis and the approximate population projection for Maryland State by U.S Census Bureau was 5,779,380. With 76.3% life expectancy, Maryland is ranked 35th in the life expectancy list.
The Maryland State has an independent State agency that governs and regulates Maryland Insurance industry to ensure that insurance companies function in accordance to the insurance laws laid by the government. Maryland government has taken concrete steps to protect life insurance consumers. All insurance companies functioning in Maryland are required to file their insurance products offering and get it approved from Maryland Insurance Department before offering it to public. Maryland State guaranty associations also assure continuity of protection and the life Insurance coverage in case the company (the insurer) becomes insolvent.
Since the life expectancy is good in Maryland State, residents are advised to take Maryland Life insurance policies to secure the life of the dependant family members. In Maryland State, residents have different options of life insurance coverage. They are mainly of two types namely, Whole Life insurance and Term life insurance coverage. Each coverage type has its own advantages and you can choose any type of Maryland Life insurance policy that suits your needs and budget.
You can find quotes of Maryland Life insurance online. All you have to do is enter your zip code and the competitive quotes are emailed to you. Besides, you will also find sites that rate the insurance companies and the different insurance products offered. The best way to follow is to look for the company rating, compare the quotes from different insurance companies and then sign up for the coverage.
Maryland Resident also has the option for signing up for coverage without going through any medical examination. Such type of coverage is called choice where the insured gets a coverage of $50,000 and spouse and children get coverage of $25,000 without filling any medical forms. Maryland life insurance companies offer group life insurance for which the premium rates are lower in comparison to individual life insurance.
By signing up for Maryland Life insurance coverage, you can rest be assured that the beneficiary receives the agreed amount within 30 days after your death. Besides, during troubled financial times you can also take the advantage of 30 day grace period available for making payments without losing the life insurance coverage.