Princess Anne Office

30386 Mt. Vernon Road

Princess Anne, MD 21853

Life Insurance

Create a Lifeline that will Last a Lifetime

Create a Lifeline that will Last a Lifetime

You are irreplaceable to your family's future- have you considered how losing you will create a life sized hole in their lives? In the event that you or your spouse should pass, here are some questions that Landmark Insurance can help you with: 

  • How will your family pay off all the debt accrued?
  • Who will save for your children’s college fund?
  • Is the rent or mortgage affordable on a single income?
  • Will your family need childcare services in a single parent household? 

We recognize that everyone’s situation is unique, which is why we offer two types of life insurance policies to choose from:

  1. Term life policies are set up to cover you for a specific period of time. The most common term policies cover for fifteen to thirty years. Some Term life policies even offer the option to convert to a whole life policy when the policy is set to expire.
  2. Permanent life policies cover those insured for the course of their life, even if you live to be 100 years old! An advantage is that the policy has the potential to build a cash value that you may borrow against in times of need or use towards retirement.


Six Reason To Purchase Life Insurance:

Again, you don't purchase Life Insurance because you are planning to pass away, but because the ones you love are going to live.  

  1. Replace income for dependents. If people depend on your income, life insurance can replace that income for them if you die. The most commonly recognized case of this is parents with young children. However, it can also apply to couples in which the survivor would be financially stricken by the income lost through the death of a partner, and to dependent adults.
     
  2. Pay final expenses. Life insurance can pay your funeral and burial costs, probate and other estate administration costs, debts and medical expenses not covered by health insurance.
     
  3. Create an inheritance for your heirs. Even if you have no other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries.
     
  4. Pay federal “death” taxes and state “death” taxes. Life insurance benefits can pay estate taxes so that your heirs will not have to liquidate other assets or take a smaller inheritance. 
  5. Make significant charitable contributions. By making a charity the beneficiary of your life insurance, you can make a much larger contribution than if you donated the cash equivalent of the policy’s premiums.
     
  6. Create a source of savings. Some types of life insurance create a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owner’s request. Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of “forced” savings plan. Furthermore, the interest credited is tax deferred (and tax exempt if the money is paid as a death claim)

At Landmark Insurance & Financial Group we have knowledgeable agents who can help you find a Life Insurance Policy that best fits you and your family's needs.  Call today to get a Life Insurance Quote.  Don't wait until it is too late!