Life and Long-term Care Insurance
Life insurance protects you and your loved ones upon the loss of the major income-producer in your family. With the abundance of life insurance products and long-term care insurance providers available, choosing insurance coverage that’s right for you can be complex. We’re here to help.
At 1st Mariner Financial Services, our team of experienced life insurance product professionals will work with you to create a life insurance or long-term care insurance plan that complements your unique situation and goals. We provide our clients access to a wide range of life insurance coverage strategies, from simple term insurance to more complex whole life options.
Term Life Insurance Coverage
Term life insurance coverage provides protection for a limited number of years. The face amount of the insurance contract is available only if death occurs during the stipulated term. Term life insurance is ideal for situations that warrant temporary protection, such as a mortgage, auto loan or education loan. Term life insurance can also be used as a rider to supplement whole life insurance.
Whole Life Insurance Coverage
In contrast to term life 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. Consultants can help formulate a strategy that complements your overall financial plan.
Contact a 1st Mariner Life Insurance Specialist Today
We’re here to walk you through your options to help you choose the life insurance coverage or long-term care insurance provider that best addresses your needs. Submit the form above, or call 410-558-4200 today.
NOT FDIC Insured
Not Bank Guaranteed
Guarantees are based on the claims paying ability of the issuing company
May Lose Value
NOT a Bank Deposit
Not Insured by Any Federal Government Agency
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 Financial, 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.