Life Insurance
Life insurance protects you and your loved ones upon the loss of the major income-producer in your family. With the abundance of insurance policies available, choosing one that is right for you can be complex.
At 1st Mariner Financial Services, our team of experienced insurance professionals will work with you to create an insurance plan that complements your unique situation and goals. We provide our clients access to a wide range of life insurance solutions, from simple term insurance to more complex whole life options.
Term Life Insurance:
This type of insurance contract provides protection for a limited number of years. The face amount is available only if death occurs during the stipulated term. Term insurance is ideal for situations that warrant temporary protection, such as a mortgage, auto loan, or education loan. Term insurance can also be used as a rider to supplement whole life insurance.
Whole Life Insurance:
In contrast to term insurance, whole life insurance provides permanent protection for an individual’s lifetime. These policies also build a savings element or cash value, which allows the policy owner to borrow funds in the event that he/she incurs an unexpected expense. There are many variations of whole life that offer various premium payment plans and payout options.
Long-term Care Insurance
Long-term care (LTC) insurance provides benefits when someone can no longer carry out essential day-to-day activities independently. Long-term care includes medical services and non-medical assistance for personal care. Many people misunderstand the long-term care coverage offered by Medicare and other plans. Medicare is intended to act as a supplement, only paying for a small percentage of charges when an individual requires long-term care. To make up for the lack of benefits provided by social insurance programs (e.g. Medicare and Medicaid), it’s important to have a personal strategy in place to guard against the uncertainty of disability and illness. Our consultants can help formulate a strategy that complements your overall financial plan.
NOT FDIC Insured
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Not Bank Guaranteed
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May Lose Value
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| NOT a Bank Deposit |
Not Insured by Any Federal Government Agency
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Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. 1st Mariner Bank and 1st Mariner Financial Services Inc. are not registered broker/dealers and are not affiliated with LPL Financial. Investment Advisory Services offered through LPL, a Registered Investment Advisor.
The LPL Financial representatives associated with this website may discuss and/or transact securities business only with residents of the following states: MD., PA.,DE.,D.C.,FL.,NC, and VA.