Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Mar 30, 2021

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It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • Baltimore Life has been in business for almost 140 years; this company was founded and started doing business in 1882
  • Despite the lack of name recognition, this company operates in 49 states and the District of Columbia and serves over 300,000 people
  • Today, Baltimore Life offers more than just life insurance products; they also provide retirement planning, workplace benefits, and other financial services

Baltimore Life may not be the first company that pops into your head when you are thinking about the best life insurance companies, but this company has been operating for nearly 140 years and has a lot of different products for consumers and business customers to choose from.

While Baltimore Life may offer a wide array of financial planning, retirement, and workplace benefits products, this review will only focus on Baltimore Life life insurance company products as they pertain to individual consumers. This company does offer group life insurance for businesses, but this review will not cover that product offering.

Let’s take a closer look at the life insurance policies offered to individuals, Baltimore Life’s rates, and this life insurance company’s financial strength.

Baltimore Life may be the company for you. If you’re ready to compare life insurance quotes from the top companies in your area, enter your ZIP code above to see rates from the leading providers near you.

What are Baltimore Life’s insurance rates?

If you’re looking for sample life insurance rates for Baltimore Life’s whole or term life insurance products, you will need to contact Baltimore Life and speak with an agent to get a life insurance quote.

We couldn’t find any public information on Baltimore Life insurance rates as they pertain to term and whole life insurance policies. We were, however, able to find sample life insurance rates for Baltimore Life’s final expense life insurance policies. You can see what these rates look like in the table below.

Baltimore Life Final Expense Insurance Sample Rates by Age, Gender, and Policy Amount
Age$5,000: Male Sample Monthly Rates$5,000: Female Sample Monthly Rates$10,000: Male Sample Monthly Rates$10,000 Female Sample Monthly Rates$15,000: Male Sample Monthly Rates$15,000: Female Sample Monthly Rates$20,000: Male Sample Monthly Rates$20,000: Female Sample Monthly Rates$25,000: Male Sample Monthly Rates$25,000: Female Sample Monthly Rates
50-Year-Old$19.35$16.65$33.30$27.90$47.25$39.15$61.20$50.40$75.15$61.65
55-Year-Old$22.50$18.90$39.60$32.40$56.70$45.90$73.80$59.40$90.90$72.90
60-Year-Old$27.00$22.05$48.60$38.70$70.20$55.35$91.80$72.00$113.40$88.65
65-Year-Old$32.85$26.55$60.30$47.70$87.75$68.85$115.20$90.00$142.65$111.15
70-Year-Old$41.85$33.30$78.30$61.20$114.75$89.10$151.20$117.00$187.65$144.90
75-Year-Old$54.90$43.20$104.40$81.00$153.90$118.80$203.40$156.60$252.90$194.40
80-Year-Old$76.50$61.65$147.60$117.90N/AN/AN/AN/AN/AN/A
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If you’re looking to compare how affordable Baltimore Life insurance quotes are versus the competition, you will need to contact Baltimore Life to get accurate quotes based on your age, health, and other factors.

Baltimore Life does allow customers to get a quote online on their website too. If you’re interested in more specifics regarding the rates of this company’s policies, we encourage you to contact them.

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What life insurance policies does Baltimore Life sell?

Baltimore Life sells term life insurance, whole life insurance, final expense insurance, and universal life insurance. This company also offers some specialized life insurance policies like single premium whole life insurance that is typically designed to help leave a legacy with fewer estate tax obligations.

Let’s take a closer look at the policies offered by Baltimore Life so that you can get a good idea about the products this company offers and if they may be the right choice for your life insurance needs.

What are the specific features of Baltimore Life’s term life insurance?

Baltimore Life offers term life insurance policies with terms of 10-,15-,20-, or 30-years. These policies last for the duration of the term chosen, and the premiums stay level for the entire length of the initial term.

Baltimore Life gives customers the option to renew their term life insurance policies or convert their term life insurance policy into a permanent life insurance policy at the conclusion of their initial term. This company also offers a host of riders that customers can choose from to customize their life insurance coverage to fit their needs.

Term life insurance policies are great for people who want to protect income while their children are growing up or protect a large debt like a mortgage.

What are the specific features of Baltimore Life’s whole life insurance policies?

Whole life insurance policies last for the duration of your life as long as your premiums are paid on time. The premiums for Baltimore Life’s whole life insurance policies stay level for the entirety of your policy, and this type of life insurance policy grows a cash value over time.

This cash value can be borrowed against should the financial need arise. However, borrowing against the cash value of your whole life insurance policy will cause the death benefit of your policy to decrease proportionally until the debt is repaid.

These policies are best suited for people who are looking for a lifetime’s worth of life insurance coverage.

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What are the specifics of Baltimore Life’s universal life insurance policies?

Universal life insurance is permanent life insurance, just like whole life insurance. However, universal life insurance is a more flexible option because it gives you the ability to adjust your premiums to meet your financial needs.

These policies offer all of the pros of whole life insurance with flexible rate options that make them more affordable for young families and individuals on a budget.

How strong is Baltimore Life financially?

Independent financial review company A.M. Best has given Baltimore Life a B+ financial strength rating. This rating is great, and it isn’t poor either. It is somewhere right in the middle of the road. However, the latest rating data available for this company dates all the way back to 2003.

Baltimore Life is a small life insurance company, but it is troubling that these ratings have not been updated in over 15 years. Still, a B+ is not a bad score necessarily. It is important to keep in mind that life insurance companies with poor financial strength ratings may not be able to pay out their clients’ benefits on time or in full.

Baltimore Life Insurance: The Bottom Line

Baltimore Life may be a small life insurance provider, but this life insurance company offers most of the life insurance policies that the big providers offer. Plus, they operate in almost every state in this country. You might be wary of their financial strength. This could be an issue down the road if they are unable to pay the benefits of your policy.

Baltimore Life provides you with many options, but are they right for you? If you’re ready to compare life insurance quotes from the top companies in your area, enter your ZIP code below.