The Baltimore Life Companies Offer 150K In Whole Life Coverage (Wow!)

the baltimore life companies review

Written by Kim Wilhelm

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Last Updated 21 May 2024

As an independent brokerage agency, Final Expense Direct partners with the best final expense life companies to offer the most affordable options with a wide range of coverages available, like The Baltimore Life Companies. 

Seniors often struggle with getting the life insurance they need at a price they can afford. Whether you’re dealing with health concerns or a tight budget, our agents at Final Expense Direct can help you find the final expense life policy that meets your needs.

One of the life companies we partner with is The Baltimore Life Company. 

With honesty and integrity, The Baltimore Life Companies have been operating out of Baltimore, Maryland since 1882. They offer a full line of life insurance products, including two options for seniors.

The Baltimore Life Companies Final Expense Insurance

While we work with all age groups at Final Expense Direct, we focus on the senior market. Though finding life insurance for seniors is more challenging, we welcome it, as our reward for helping you find the best life insurance policy is the greatest gift. 

The good Lord has called us to help God fearing Americans like yourself find peace of mind through affordable life insurance, and it is our honor to do this work through Him.

Final expense insurance is a great option for seniors who don’t need a lot of life insurance coverage. Most companies offer up to $25,000 in final expense senior life insurance, but you’ll have the option to apply for more than that with Baltimore Life.

The Baltimore Life Companies Life Insurance For Seniors

At The Baltimore Life Companies, you can get approved for up to $150,000 in permanent whole life insurance — an unheard of amount for final expense insurance! Virtually all other companies cap their final expense policies at $25,000, though some will offer up to $40,000.

The Baltimore Life Companies Whole Life Insurance

The Baltimore Life Companies aPriority Whole Life plan offers more than just level premiums and rates. The policy will build tax-deferred cash value that will continue to grow over time. And, you have the choice of paying the policy for just 20 years, meaning the policy is paid in full after that time, even though the cash value continues to grow.

The Baltimore Life Companies also offer dividends, which you can use to pay for premiums, buy more life insurance, or take in cash to use however you wish.

the baltimore life companies review

You can customize your whole life policy with riders to make sure the policy meets your needs long-term:

  • Accelerated death benefit: allows you to access part of the death benefit if you receive a terminal illness or confinement in a nursing home 

  • Accidental death benefit: increases the death benefit if you die accidentally

  • Waiver of premium for disability: waives the premiums if you’re deemed totally disabled

  • Non-occupational disability income: up to two years of monthly benefits if you become totally disabled

  • Guaranteed insurability: gives you the ability to buy more life insurance without a medical exam

With this plan, you will have to complete a medical exam and qualify for coverage. Rates with Baltimore Life are extremely competitive for preferred, standard, and even substandard rates for those with some health issues. Smokers also get ultra competitive rates, which can be challenging with final expense companies.

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The Baltimore Life Companies Senior Life Insurance

If you have pre-existing conditions, or just don’t want to complete a medical exam, Baltimore Life has another option for senior life insurance. Silver Guard simplified issue senior life insurance has just a few simple health questions on the application. You can get approved in just one phone call to Final Expense Direct — the full application takes less than 10 minutes!

This plan is strictly for seniors and is offered to those 50- to 80-years-old. Coverage begins at just $2,500, but you can get approved for up to $25,000 in final expense life insurance.

The Silver Guard plan comes with a free accelerated death benefit rider and $1,000 cash draft benefit. If you die after the policy has been effective for at least two years, your beneficiary will have access to $1,000 immediately once your death has been verified. This allows them to pay for necessities until the claim is completed.

One of the best features of The Baltimore Life Companies Silver Guard senior life insurance policy is the immediate death benefit with no waiting period. While some final expense companies offer one product with an immediate benefit and another with a graded or modified death benefit, Baltimore Life offers all policies with an immediate death benefit. This means if you die soon after taking out the life policy, your beneficiary receives the full death benefit and not just returned premiums.

The Baltimore Life Companies Burial Insurance

Another name for final expense insurance, burial insurance is life insurance for seniors 50 and older. It pays for your burial expenses and end-of-life costs, like medical bills. The younger and healthier you are, the better the rates are for burial insurance and the more coverage you can qualify for.

help you choose the right plan and company that meets your needs and budgetburial insurance

the baltimore life companies review
Not sure how much burial insurance you need? Call us at Final Expense Direct, and one of our agents can . It may surprise you how much you can qualify for and the amount of you can afford. 

The Baltimore Life Companies Funeral Insurance

If you want a full funeral with burial and viewing, the cost is around $8,800. It could easily be over $10,000 if you need to buy a cemetery plot, casket, cremation urn, or grave marker. That’s why, if you don’t already have life insurance and your family can’t afford to pay for your funeral, you should have funeral insurance to pay for it.

Don’t worry–funeral insurance is just another name for final expense life insurance for seniors. Your beneficiary can use the funds to pay for the funeral you want without having to worry about how they’re going to pay for it after you’ve been called home to the good Lord.

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The Baltimore Life Companies Life Insurance Costs

The cost of life insurance is one of the most important factors for seniors. We compared life insurance costs with The Baltimore Life Companies and some well-known competitors. Rates are based on a $10,000 simplified issue final expense life policy.

With Baltimore Life, a 50-year-old man would pay around $37 a month, while a female would pay about $31. But with Fidelity, the man would pay $38 and the woman, $30, for the same policy. Rates are close, but remember, The Baltimore Life Company offers two benefits for free with their policy.

Now, let’s look at rates for older seniors. A 70-year-old man would pay about $84 a month and rates for a female would be $65 per month. At Colonial Penn, the man would pay $87 and the woman, $66. Not only are rates a bit higher, you won’t get locked in rates with Colonial Penn like you will with The Baltimore Life Companies. 

With life insurance, it pays to shop, especially as you get older. That’s where Final Expense Direct comes in. We do all the shopping for you. Just call us, answer a few questions from our agent, and we can usually get you covered in just one phone call. 

At Final Expense Direct, we make it easy to get peace of mind and quality, affordable life insurance coverage with some of the best companies in the country.

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Buying life insurance can be overwhelming, especially if you’re a senior and not in the best of health. No matter what your health concerns are, we can find a final expense policy that meets your needs. The Baltimore Life Companies are a great option, especially if you need more than $25,000 in coverage, but they have a strict underwriting process that could leave some without coverage. Rest assured, Final Expense Direct has a long list of the best final expense companies to get you covered, even if it’s not with Baltimore Life.


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