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Best Life Insurance Companies in Silver Spring

2024

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Providers

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Website
12118 Heritage Park Circle, Silver Spring, MD 20906
  • Life Insurance
  • Whole Life Insurance
  • Term Life Insurance
  • Permanent Life Insurance Policy

Why choose this provider?

Brown Insurance Group, Inc., works with multiple carriers to provide business and personal solutions in and around Silver Spring. The company carries life insurance options, such as whole, universal, and term life insurance policies, and guides clients in selecting which types suit their financial goals. Its insurance professionals offer coverage for long-term care, renters, properties, and casualties, including surety bonds. In addition, their license covers Virginia and Washington D.C. Brown Insurance Group has been in the insurance industry since 1995.

License Verified:

License: 5198

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Facebook
5.0 / 5 (20)
Google
4.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1031 Cresthaven Drive, Silver Spring, MD 20903
  • Life Insurance
  • Health Insurance

Why choose this provider?

Omega Insurance Agency, Inc., is a family-owned brokerage offering a range of risk management solutions to clients in Silver Spring. These include health and life insurance and coverage for homes, automobiles, special events, and businesses. The brokerage has been in the industry since 1983, and it works with multiple insurance carriers to give clients various programs that match their needs. Its co-founder, James P. Crassas, has a master's degree in counseling and previously worked as a teacher. He can speak English and Greek.

License Verified:

License: 1927

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.3
Google
3.0 / 5 (5)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
East Randolph Road, Silver Spring, MD 20904
  • Life Insurance

Why choose this provider?

Harders Financial Group, Inc., is a life insurance firm that serves Silver Spring. The agency offers various life insurance options, such as term, whole, and universal life insurance. Its team of insurance professionals is committed to providing clients a tailored approach, depending on their personal needs. The team is led by Barbara Harders, an insurance professional who likes using simple words when discussing insurance with clients to help them clearly understand the entire process.

License Verified:

License: 1851

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.0 / 5 (50)
Facebook
5.0 / 5 (16)
Yelp
3.5 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1700 Elton Road, Silver Spring, MD 20903
  • Life Insurance

Why choose this provider?

Gomez Insurance Co, Inc., is an independent agency that has been serving Silver Spring and other communities in Maryland for over 15 years. It helps clients select insurance solutions that meet their coverage needs and long-term goals. Its life insurance products include term, whole, and universal life insurance as well as mortgage protection insurance. The agents from this company also assist businesses in acquiring builders' risk, cargo, cyber liability, commercial property, general liability, and liability insurance policies.

License Verified:

License: 100052553

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (11)
Yelp
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
11161 New Hampshire Avenue, Silver Spring, MD 20904
  • Life Insurance
  • Health Insurance

Why choose this provider?

Universal Insurance Group is a team of independent insurance agents serving the Silver Spring area. Its insurance professionals work with different insurance carriers to help clients find the best possible coverages for life, health, auto, and home insurance plans. Their life insurance products cover fixed annuities, mortgage protection, individual life insurance, and final expense insurance. Principal agent and founder Daniel Alvarez has been in the insurance industry for over 10 years. He serves in the board of directors of GIFT, a nonprofit assisting families.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (105)
Facebook
5.0 / 5 (23)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
13975 Connecticut Avenue, Silver Spring, MD 20906
  • Life Insurance

Why choose this provider?

Bethesda General Insurance is an insurance company that has been servicing Silver Spring for more than 50 years. It offers life insurance that can be utilized for different purposes, such as creating an inheritance for beneficiaries, paying federal or state taxes, increasing savings, and creating a charitable contribution fund. Additionally, term and permanent life insurance options are available. Its team of independent agents specializes in personal and commercial lines of insurance. They are fluent in English and Spanish.

License Verified:

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.5
Google
3.0 / 5 (9)
Facebook
5.0 / 5 (2)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
11120 New Hampshire Avenue, Silver Spring, MD 20904
  • Life Insurance
  • Health Insurance

Why choose this provider?

Charles Baum is an agent running an insurance office in Silver Spring. He helps clients with several insurance lines, including life, health, homeowners’, auto, and personal articles insurance. He offers whole life, term life, and universal life insurance options for various purposes. Charles employs a team to address inquiries and concerns responsively over the phone. He is fluent in English, Vietnamese, and Spanish. Seven members of his staff also speak Spanish.

License Verified:

License: 14616

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
10014 Colesville Road Suite B, Silver Spring, MD 20901
  • Life Insurance
  • Health Insurance

Why choose this provider?

Silver Spring-based R. Labbe Insurance Agency is an independent boutique agency that offers a full range of insurance services. Among the products it offers is life insurance, and its agents help clients pick the right kind of life insurance, such as term insurance and permanent insurance. The agency represents multiple preferred and standard insurance carriers, providing customers with a variety of coverage options. R. Labbe Insurance Agency also conducts policy reviews that seek to guide policyholders in understanding their coverage.

License Verified:

License: 3000863258

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Facebook
5.0 / 5 (4)
Google
4.0 / 5 (3)
Yelp
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.5
Responsiveness
Friendliness
Helpfulness
Detail

Website
1021 University Boulevard East, Silver Spring, MD 20903
  • Life Insurance
  • Health Insurance

Why choose this provider?

American Preferred Insurance LLC is an independent agency located in Silver Spring, serving clients in the metro area. The firm offers a range of personal and business lines, including life insurance. Clients may select between term life, whole life, or universal life insurance programs to protect their families in unexpected events. Some of its other products are home, auto, business, and commercial property insurance. Jorge Guzman, the firm's principal agent, has been in the industry since 2004.

License Verified:

License: 3000299737

Maryland Insurance Administration

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.0 / 5 (27)
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • How long does it take to receive payment for a life insurance claim in Silver Spring?

    Life insurance companies in Silver Spring should send the money to the beneficiaries within 30 days of receiving proof of death. If the claim is not settled within 30 days, the money from the life insurance will start to earn interest, which the insurance company must also pay to the beneficiaries.

  • What does it mean if your life insurance policy in Silver Spring is already fully paid up?

    It means that your Silver Spring life insurance policy has received enough payments or built up enough cash value to pay your premiums for the rest of your life. You will not be required to pay premiums anymore unless you take some of the cash value that was supposed to pay for the premiums. If your cash value is not enough to cover the premiums, you may have to start paying again.

  • Will your life insurance policy in Silver Spring lapse if you miss paying a premium?

    Not right away. Before your policy ends, you will have 30 days to pay the late premium. Section 16-202 of the Maryland Code says this is the case. Your insurance will still cover you during this 30-day grace period. If you do not pay the premium by the end of the period, the Silver Spring insurance company may be able to cancel your policy.

  • What happens if the sole beneficiary and the insured pass away together in a car crash in Silver Spring?

    In cases where two people die at the same time, Maryland law says that the insured person lived longer. Since there are no living beneficiaries, the money from the life insurance will go to the insured's estate and go through probate. On a life insurance policy, it is best to name a contingent beneficiary. If the policy has a contingent beneficiary, the money would go to them if both the insured and the primary beneficiaries died in the Silver Spring car accident.

  • Is it possible for you to reclaim control of the life insurance policy purchased by your ex-spouse in Silver Spring during your marriage, now that your ex-spouse's financial interest in it has been removed by the divorce?

    No, unless the divorce decree states otherwise, your ex-spouse retains ownership of the policy. The validity of insurable interest in Silver Spring is determined during the policy purchase. If the insurance was purchased during your marriage, your ex-spouse has a valid insurable interest. You can negotiate directly with your ex-spouse to transfer ownership of the policy to you.

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

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