Baltimore Life Final Expense Review, Ratings & Feedback

Baltimore Life Final Expense is the best insurance provider in the country that offers you numerous plans. You can purchase these plans to live a peaceful and happy life.

Final expense insurance is one of their best policies for people looking to support their families after death. If you want to know why this coverage is ideal for you, read on and find out.

What Is Baltimore Life Final Expense?

Baltimore Life is one of the most popular insurance providers that offer you the best final expense plan. Moreover, Baltimore Life’s final expense coverage plan is called Silver Guard.

It is important to note that this plan is divided into three categories- two of them come with a graded benefit insurance policy. You also need to know that these Silver Guard life insurance plans make buying burial insurance a simple process.

In other words, you don’t have to go through a medical exam to apply for this coverage. However, you might have to answer several health questions and provide a health history to avail this insurance.

This final expense insurance is a whole life insurance policy that comes with cash accumulation, guaranteed level premium, and is effective if you keep up with premium payments.

Baltimore Life Final Expense offers you coverage with a ten-year premium payment period. Also, anyone from 50 to 80 years can avail any of the three options.

Silver Guard I, II, And III Highlights

Although all the three Silver Guard plans help you pay for funeral expenses, not every individual can opt for them.

These coverage plans have different requirements, features, and benefits that suit different types of people.

Silver Guard I

This is a level death benefit plan, which offers you designated death benefits from the very first day of your plan. You also need to know that it provides you with a $1,000 bank draft.

This way, your beneficiary can receive more than $1,000 from your death benefits in an emergency, even before Baltimore Life processes your claim.

However, to take advantage of this feature, the policy needs to be effective. Beneficiaries can get the remaining amount after the completion of the claim process. The price of this plan can vary, depending on your tobacco use or smoking habits.

Plus, you can add accidental death riders to your Silver Guard I plan, as it will increase death benefits in case of your accidental death. This burial insurance is available in all states except New York, Kentucky, and Washington.

Silver Guard II

This coverage is a graded death benefit plan and works best for those who can’t qualify for the Silver Guard I plan.

This may happen because of a person’s medical history. With this plan, you can benefit from 25% of the plan’s face value in the first year of coverage.

Besides that, your beneficiary can get 50% of the death benefits in the event of your death, while you will be able to get 100% face value from the third year of insurance.

The best part is that this policy will pay your 100% of the death benefit from the day final expense insurance for accidental death is issued.

Premium rates can significantly vary depending on your medical history. On top of that, this insurance is not available in some states like Missouri, Kentucky, Massachusetts, Minnesota, North Carolina, New York, Washington, South Carolina, and West Virginia.

Silver Guard III

This Silver Guard Plan is quite similar to the last one. Like Silver Guard II, you will get 25% coverage in this first year, 50% death benefits in the second year, and 100% face value in the third year of the plan.

Your beneficiaries can also receive 100% face value from the day the policy is issued in the event of accidental death. Again, the rates can slightly vary from person to person due to medical history.

This insurance plan is available in different states, except Washington, South Carolina, North Carolina, New York, West Virginia, Missouri, Kentucky, Minnesota, and Massachusetts.

Features Of Baltimore Life Final Expense

Here are some factors that you need to consider before applying for this insurance policy.

Age Limitations

Like all other insurance providers, Baltimore Life has age requirements and criteria for all three insurance plans. So, to apply for this coverage, you need to be between 50 and 80 years old.

Most importantly, this Baltimore Life Final Expense plan is available for both males and females.

Face Amount

The death benefits from this final expense insurance are ideal for people looking for funds to support their loved ones when they are not with them.

The face value your beneficiary will get will be enough to pay for funeral expenses.  It is important to note that the amount greatly depends on your age and health.

Steady Coverage

The best part of investing in this insurance plan is getting the amount you deserve. In other words, your coverage will never decrease in your entire life, provided you make all the premium payments on time.

This way, you can live a peaceful and happy life without worrying about your children and how they will arrange money for your funeral.

Advantages Of Purchasing Baltimore Life Final Expense Plan

This Final Expense insurance plan offers you some great benefits, along with the ones you can get from other insurance providers.

Fixed Premiums

The worst nightmare for any older adult is to deal with rising premiums. Most people can’t afford to make extra payments every month.

This is why it’s best to opt for an insurance plan that requires a specific amount every month.

Life Time Insurance

This Silver Guard insurance offers you lifetime coverage. In other words, this insurance doesn’t expire, and you can get the death benefit after years of expiry of your insurance.

Permanent Insurance

You also need to know that the company will not cancel as long as you make the payments. However, if you don’t make the required premium payments, Baltimore Life will have no choice but to cancel the insurance policy.

24 Hours Customer Service

Typically, life insurance companies only offer you customer service during specific hours. But when it comes to Baltimore Life, you can ask for guidance and assistance 24/7.

The customer service providers are also well trained and qualified and will help you solve problems as quickly as possible.

Drawbacks Of Baltimore Life Final Expense

Of course, there are some downsides when it comes to Baltimore Life’s final expense policy.

Available In Some States

Baltimore Life doesn’t offer you coverage in all US states. You will only be eligible for this policy if you live in the states where the company provides insurance.

Also, remember that Silver Guard I is available in most parts of the US, while Silver Guard I and II are not available in Missouri, Kentucky, Massachusetts, Minnesota, North Carolina, New York, Washington, South Carolina, and West Virginia.

If you are from any of these states, look at our reviews on John Hancock final expense and AARP funeral insurance.

Medical History

Depending on the insurance policy you are thinking of choosing, you might have to provide a medical history to the organization.

In addition to it, you may also have to answer a few health-related questions to help them understand your medical condition.

Insurance Requirements

Note that you don’t have to go through a medical or physical exam to qualify for Baltimore Life’s funeral expense plan. This organization will qualify you after checking the following things.

• MIB check
• Prescription history check
• Answers to health-related questions

The primary criterion that Baltimore Life uses to evaluate the applicant’s eligibility is the health questionnaire. Apart from this, they will also check your prescription history to understand the extent of your health problems.

The team at Baltimore Life will also check your MIB file to determine any health issues you are suffering from. This file also helps them know whether you have purchased any insurance plans before.

As there are three different forms for the final expanse policy, your health is the primary factor that will decide the type of plan you will get.

On top of that, you also need to know that this insurance provider will decline your application if you are suffering from the following chronic health problems:

• Terminal illness for around 112 months or less
• Alzheimer’s or dementia
• HIV, AIDA, and any health condition of the immune system
• If you had an organ transplant
• Systematic lupus
• Hepatitis C
• Currently going through dialysis regularly
• Currently bedridden
• Have to use a wheelchair due to chronic problems
• In-hospital care, nursing facility, long term care facility, or assisted living facility

How Do You Cancel Your Policy?

If you are planning to cancel this final expense insurance plan, you need to understand the purpose of buying this policy and decide how you will facilitate your beneficiaries after canceling it.

Also, ask yourself, do you want the funds for your funeral expense? Or would you like to pay some debts after your death? Make sure to consider every aspect and what you will do before canceling the policy.

It is important to note that if you don’t have an adequate means or a way to support your beneficiaries after death, make sure you have other insurance plans to cover you in your time of need.

Once you decide to cancel the policy, you need to remember that Baltimore Life doesn’t offer you cancellation services on their website or through any online method.

They encourage you to make inquiries by:

• Calling your agent
• Submitting a customer service inquiry application

You also need to know that only licensed agencies that have the authority to sell Baltimore Life insurance can offer you help. They have the proper knowledge and relationship with the organization that may help you cancel your insurance policy.

Furthermore, Baltimore Life may take weeks to complete the procedure. Plus, you may have to meet some requirements to close the policy forever.

When Should You Purchase A Baltimore Life Plan?

If you can qualify for the Baltimore Life Silver Guard I policy, then it is best for you. This is because the price is quite similar to what you will get from other insurance providers, and you don’t have to go through the waiting period.

When it comes to Silver Guard II and III, they might have some drawbacks, but they can still give you protection from extremely severe health problems.

If you are suffering from any of the following medical conditions, then Silver Guard II and III are fantastic options for you.

Not to mention, with the Baltimore Life Final Expense policy, you will get 25% in the first year and 50% in the second year of the insurance if you die.

So, here are some of the severe and painful health conditions that people suffer from the most.

• Heart attack in the past 12 months
• CHF or congestive heart failure
• Circulatory and heart surgeries in the last 12 months (bypass, angioplasty, stent placement, and others)
• Full-blown stroke in the last 12 months
• Cancer in the past two years (currently should not have cancer)

Bottom Line

So, now you know why the Baltimore Life Final Expense policy is the best option for you. It offers you affordable premium payments, steady death benefits, reasonable age limitations, lifetime coverage, and much more.

The only drawback is that you will not be able to purchase this policy if you live in states like South Caroline, West Virginia, and others.

Despite the fact that this is excellent insurance, you still need to ensure that this policy will work best for you. On top of that, you also need to choose the most suitable plan out of the three types.

Understanding your requirements and then selecting the right insurance plan can be challenging for an individual with no background in insurance.

This is why you need the help of expert agents that can help you make informed decisions. They can guide you through the process, so you never miss your payments and don’t come across situations that lead to problems in the future.

So, get help from experienced, qualified, and talented professionals and lead a stress-free life.