LIFE INSURANCE IN MARYLAND

Maryland Life Insurance
Coverage

Maryland families living in one of the highest-income states in the nation still face significant funeral and housing costs that life insurance can address.

High Household Income Proximity to D.C. 25+ Carriers Available
$9,300
Average Funeral Cost
$400K
Median Home Price
6%
Residents Uninsured
25+
Carriers Available

COVERAGE IN THE OLD LINE STATE

Life Insurance in Maryland

Maryland is home to over 6.2 million residents, with major cities including Baltimore, Columbia, and Silver Spring. With one of the highest median household incomes in the nation at around $91,000, but also a high cost of living, many Maryland families carry mortgage obligations and want to protect their loved ones from financial hardship.

The average funeral and burial cost in Maryland is approximately $9,300. Without proper coverage, these costs fall directly on surviving family members. Final expense insurance provides a straightforward way to ensure your family is never left with that burden.

Maryland's proximity to Washington, D.C. drives up housing costs and the overall cost of living. Funeral expenses averaging $9,300 are well above the national average, making final expense coverage a practical investment. For higher-income families, IUL offers a way to build tax-advantaged wealth alongside life insurance protection.

COST COMPARISON

How Maryland Compares to National Averages

Average Funeral Cost
National
$8,300
Maryland
$9,300
Median Home Price
National
$420,000
Maryland
$400,000
Avg. Monthly Life Insurance Premium
National
$50
Maryland
$47

OUR CARRIER PARTNERS

Top Carriers in Maryland

Asurgo works with 25+ top-rated insurance carriers to find you the best coverage at the lowest rate. Here are some of the carriers available to Maryland residents.

Transamerica Mutual of Omaha AIG Aetna Americo Foresters Financial F&G National Life Group Royal Neighbors Gerber Life Lafayette Life Aflac

Carrier availability varies by individual health factors and coverage type.

FREQUENTLY ASKED QUESTIONS

Maryland Life Insurance FAQ

How much does final expense insurance cost in Maryland?
Most Maryland residents pay between $25 and $70 per month for final expense insurance, depending on age, health, and coverage amount. Policies typically range from $5,000 to $50,000. Asurgo shops 25+ carriers to find the lowest rate for your situation.
Do I need a medical exam for life insurance in Maryland?
Not always. Many final expense and mortgage protection plans require no medical exam. You answer a few health questions, and coverage can be approved the same day. Larger policies may require underwriting.
What is the average funeral cost in Maryland?
The average funeral and burial cost in Maryland is approximately $9,300, which includes the service, casket, burial plot, and headstone. Costs can vary significantly depending on the city and type of service chosen.
Does Asurgo offer mortgage protection in Maryland?
Yes. Asurgo offers mortgage protection insurance in Maryland through multiple carriers. Coverage is designed to pay off or reduce your mortgage balance if you pass away, become disabled, or are diagnosed with a critical illness.
Are Maryland funeral costs higher than the national average?
Yes. The average funeral cost in Maryland is approximately $9,300, well above the national average of $8,300. Final expense insurance helps Maryland families ensure these costs are covered without impacting savings or burdening surviving family members.

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