Best Life Insurance in Maryland for 2025 (Your Guide to the Top 10 Companies)

If you're looking for the best life insurance in Maryland, Northwestern Mutual, Prudential, and AIG offer whole life rates starting from $21 a month.

The best life insurance companies in Maryland offer diverse coverage options and specialized health rewards. This comprehensive guide examines rates, claims data, and unique discount structures across top Maryland insurance companies.

Company	Rank	Bundling Discount	A.M. Best	Best For	Jump to Pros/Cons
	#1	10%	A++	Premium Savings	Northwestern Mutual
	#2	10%	A+	Term Life	Prudential
	#3	12%	A	Payment Plans	AIG
	#4	15%	A++	Loyalty Benefits	New York Life
	#5	12%	A++	Family Benefits	MassMutual
	#6	10%	A	Quitting Smoking	Banner Life
	#7	8%	A+	Group Insurance	Mutual of Omaha
	#8	14%	A+	Vitality Program	John Hancock
	#9	17%	B	Multi-Policy Discounts	State Farm
	#10	9%	A	Policy Limits	Transamerica

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What You Should Know

• Northwestern Mutual tops rankings with an A++ rating and $120 montly whole life rates
• The best Maryland life insurance companies offer up to 25% in healthy lifestyle rewards discounts
• Health-related illnesses and deaths are the most common Maryland life insurance claims

#1 – Northwestern Mutual: Best for Premium Savings

Pros

• Premium Rates: Maryland residents benefit from competitive whole life policy rates at $120 per month. Compare more quotes in our Northwestern Mutual review.
• Investment Integration: Policyholders across Maryland receive unique retirement planning with life insurance coverage.
• Non-Smoker Discount: Smoke-free customers throughout Maryland enjoy industry-leading 20% discounts on policies.

Cons

• Digital Access: Clients in Maryland report limited online policy management and documentation features.
• Policy Changes: Existing policyholders within Maryland face stricter requirements when modifying coverage terms.

#2 – Prudential: Best for Term Life

Pros

• Term Life Value: Insurance seekers in Maryland access affordable term life coverage starting at $28 per month.
• Flexible Policy Terms: Prudential EssentialTerm policies allow for easy conversion and cover up to $10 million.
• Health Incentives: Residents in Maryland can get insurance discounts for being healthy.

Cons

• No Online Customer Service: Policyholders must speak with an agent to file complaints or make changes to Maryland life insurance plans.
• Poor Claims Satisfaction: Prudential ranks below average for life insurance customer satisfaction in Maryland.

#3 – AIG: Best Payment Plans

Pros

• Payment Options: Insurance buyers throughout Maryland save with early or automated payment arrangements. Learn how it works in our AIG review.
• Affordable Rates: AIG whole life insurance n Maryland starts at $110 monthly, cheaper than most companies on this list.
• Health Benefits: Preferred customers in Maryland with healthy and smoke-free lifestyles receive exclusive premium rate reductions.

Cons

• Policy Updates: Policyholders throughout Maryland report challenges when updating health-related information.
• Reward Criteria: Insurance holders in Maryland face strict health verification requirements for benefits.

#4 – New York Life: Best Loyalty Benefits

Pros

• Long-term Value: Policy owners in Maryland receive increasing loyalty rewards over extended periods.
• Investment Options: Access exclusive retirement bundles when buying life insurance in Maryland. (Read More: How do insurance companies make money?)
• Dividend Payments: Maryland residents with whole life policies can earn annual dividends based on market performance.

Cons

• Initial Costs: New York Life insurance rates are higher than average in Maryland.
• Benefit Timeline: Policy owners in Maryland must wait longer for advanced loyalty tiers.

#5 – MassMutual: Best for Family Benefits

Pros

• Family Planning: It has the best life insurance for parents with free term life coverage to pay for children's education.
• Accepts Older Applicants: Apply for term life coverage until you turn 75 and whole life until you turn 90.
• Lifestyle Benefits: Receive personalized rewards and discounts on Maryland life insurance based on health standards.

Cons

• Benefits Access: Policyholders throughout Maryland report complex procedures for claiming rewards.
• Medical Exam Required: MassMutual doesn't offer no medical exam life insurance in Maryland.

#6 – Banner Life: Best for Quitting Smoking

Pros

• Smoking Cessation: Smokers in Maryland who quit can receive rewards for verified cessation progress. (Read More: Best Life Insurance Companies That Will Insure Marijuana Users)
• Health Transition: Policyholder throughout Maryland access specialized support for lifestyle changes.
• Affordable Rates: Banner Life is the cheapest life insurance company in Maryland with term life starting at $21 per month.

Cons

• Verification Process: Life insurance rewards for quitting smoking come with a strict verification process.
• Program Timeline: Residents in Maryland must wait longer for incentive eligibility.

#7 – Mutual of Omaha: Best for Group Insurance

Pros

• Workplace Benefits: It is one of the best life insurance companies that offer group insurance for business owners in Maryland
• Premium Rates: Cheap Maryland life insurance rates start at $26 per month for term life and $112 monthly for whole life.
• Bundle Savings: Insurance seekers in Maryland save significantly through comprehensive bundling options.

Cons

• No Online Quotes: Must speak to a Maryland life insurance agent to get quotes.
• Policy Flexibility: Maryland customers claim that there are few options for changing bundled policies.

#8 – John Hancock: Best for Vitality Program

Pros

• Wellness Rewards: Fitness trackers save on insurance premiums when you sign up for the John Hancock Vitality Program.
• Competitive Rates: Access term life insurance in Maryland for $29 per month.
• Strong Financials: An A+ A.M. Best rating shows John Hancock can confidently pay claims to your life insurance beneficiaries.

Cons

• Program Complexity: Some Maryland policyholders report challenges with Vitality Program requirements.
• Fitness Tracker Required: Some customers may not be comfortable sending personal and biological information to a life insurance company.

#9 – State Farm: Best for Multi-Policy Discounts

Pros

• Policy Bundles: Shop our State Farm review for coverage to bundle with Maryland life insurance for a 17% discount.
• Customer Satisfaction: State Farm is a top-rated insurance company for customer service and claims handling in Maryland.
• Survivorship Policies: One whole life policy will cover married couples with a minimum $100,000 limit.

Cons

• High Rates: State Farm is more expensive than other Maryland life insurance companies.
• Policy Limits: No medical exam policy limits are much lower than other life insurance companies in Maryland.

#10 – Transamerica: Best for High Policy Limits

Pros

• Coverage Options: Maryland term life insurance can cover up to $10 million or more
• Indexed Universal Life: Focuses on high-net worth individuals with policy limits starting at $250,000
• Foreign Nationals: If you work or live in the U.S. part time, you can buy Maryland life insurance from Transamerica. You can also find car insurance that accepts international licenses.

Cons

• Savings Timeline: Policyholders throughout Maryland must maintain longer coverage for savings.
• High-Net Worth Focus: There are fewer life insurance options for people looking for lower limits or burial insurance.

How Claims Impact Maryland Life Insurance Rates

What type of Maryland life insurance is best depends on your budget. Let's examine the comprehensive monthly premium rates from ten leading insurance providers in Maryland.

Insurance Company	Term Policy	Whole Policy
	$23	$110
	$21	$105
	$29	$118
	$32	$125
	$26	$112
	$35	$130
	$30	$120
	$28	$115
	$34	$122
	$25	$108

Looking at the average life insurance rates in Maryland, term life insurance offers more affordable entry points, ranging from $21 to $35 monthly, with Banner Life offering the lowest monthly term rates at $21 and New York Life the highest at $35.

For those seeking comprehensive coverage, whole life policies range from $105 to $130 monthly, providing lifelong protection and investment options at a higher price point. Below are the coverage options offered by top insurers in Maryland:

Insurance Company	Accidental Death Benefit	Waiver of Premium	Child Rider	Chronic Illness Rider	Critical Illness Rider	Terminal Illness Rider
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	❌	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	❌	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅

When considering why should you buy life insurance in Maryland, the claims data presents a compelling case: health-related illnesses account for 45% of all claims at $500,000 per claim.

Maryland's life insurance market shows strong performance in financial aspects, with top grades in savings and family benefits, suggesting a consumer-friendly pricing environment.

However, the lower grade in customer support points to a market trend where providers prioritize pricing competitiveness over service quality.

If you're interested in how where you live impacts other insurance costs, compare the best Maryland car and homeowners insurance companies.

Save Smarter With Life Insurance Discounts in Maryland

How does age affect life insurance rates? It becomes less of a big deal when you look at the discounts available. Every provider in Maryland offers unique discount opportunities.

Insurance Company	Non-Smoker	Healthy Lifestyle	Bundling	Loyalty	Early Payment
	25%	25%	15%	20%	10%
	15%	20%	10%	20%	10%
	20%	25%	15%	20%	10%
	15%	25%	15%	20%	10%
	15%	25%	15%	20%	10%
	20%	20%	10%	25%	15%
	15%	20%	10%	25%	10%
	20%	15%	10%	30%	15%
	15%	20%	10%	25%	10%
	10%	15%	10%	20%	10%

Top-tier insurers like Prudential and MassMutual lead with 25% healthy lifestyle rewards, while New York Life offer substantial 20% non-smoker discounts.

For those asking about best life insurance for smokers in Maryland, Banner Life and AIG stand out by offering specific cessation incentives and early payment discounts of 10%.

For residents in Maryland, knowing about these discount programs is key to saving money while still getting solid life insurance coverage.

The Leading Life Insurance Companies in Maryland

When evaluating the best life insurance in Maryland, Northwestern Mutual stands out at first with its exclusive combination of retirement planning bundles and industry-leading A++ financial rating, making it particularly valuable during the life stages that affect your insurance needs.

AIG rounds out the top three with its distinctive preferred health rates system and automated payment structure that rewards policyholders who pay their bills on time.

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