Contact Us: ​(410) 777-5390
Old Bay Insurance Agency
  • Home
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Long Term Care Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Long Term Care Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
    • Other >
      • Boat Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Accessibility Statement
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact
  • Home
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Long Term Care Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Long Term Care Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
    • Other >
      • Boat Insurance
      • Umbrella Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Accessibility Statement
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact

Old Bay Insurance Agency Blog

Life Insurance: Why You Need It and How It Works

1/31/2018

0 Comments

 
Picture
If you are thinking of protecting your family and/or your beneficiaries, getting life insurance is recommended. Life has its own way of surprising us with all the unexpected things whether positive or negative, it surely can take a toll on us.
Life insurance is a contract you sign with an insurance company that will secure and protect declared beneficiaries by giving them the financial support they need upon the insurance account holder’s demise.  

Why you need life insurance?

Life insurance secures your family’s financial stability even after your death. Aside from your family savings, life insurance gives your family the freedom to enjoy the terms you paid for its complete duration.

Life insurance does not just work after your death. After your agreed term with the insurance company, you can already claim your dividends and start canvassing for a brand-new house and lot or any property you might think your money can buy.

If you want to have a more secure retirement plan, getting  life insurance as early as your twenties is ideal and recommended. Retirement savings do not last for long so getting life insurance can help you enjoy your retirement for a longer period without the hassle of thinking where you can get funds.

How do life insurance works?

Life insurance comes to a lot cheaper when you are younger. It also reflects a forced savings by which you are required to pay a premium each month. It accumulates your payment through an agreed period – 10 to 20 years on an average – it gives you and/or your family a form of financial security after the given period.

After the signed and agreed period, you can demand claim of what you have paid for. In case of death, your spouse or immediate family member can do the claim and the insurance company will process everything and proceed to give them everything you have paid for.

Life insurance is not gambling, it is a form of investment that gives you peace of mind especially if you retire or if you are acting head of the family. Leaving your family behind can be unexpected but you can leave them with something more aside from the lovely memories.

Making sure that they can sustain after everything gives you the serenity you need. Getting  life insurance is recommended so you can be more secure and financially protected. At Old Bay Insurance Agency, Inc., we aim to make our client’s life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (410) 777-5390. Get your free quote today by CLICKING HERE.
0 Comments



Leave a Reply.

    Contact Us

    (410) 777-5390​
    133 Defense Hwy
    Suite 214
    Annapolis, MD 21401​
    Click Here to Email Us

    Archives

    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    November 2015

    Categories

    All
    Auto Insurance
    Business Insurance
    Health Insurance
    Home Insurance
    Insurance
    Landlord Insurance
    Life Insurance
    Renters Insurance

    RSS Feed

Licensed in Maryland, Delaware, Florida, Pennsylvania, and Virginia

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Picture

Share This Page

Contact Us

Old Bay Insurance Agency​
133 Defense Hwy
Suite 214
Annapolis, MD 21401
(410) 777-5390​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash