Baltimore Life Insurance Company

Replacing Employer Sponsored Life Insurance Plan with The Baltimore Life

See Our Reviews

By James Tobin, CFP®

Critical Takeaways

  • A.M. Best Rating :  B++
  • Term and Whole Life Offered
  • Best known for "final Expense" Product
  • Online Term Quotes Unavailable



Show me the History,  products  offered, the financial ratings and the complaint index of Manhattan life.


I WANT TO SEE  Better Priced alternatives to  BALTIMORE LIFE Insurance co. BURIAL PLANS

Show me LESS EXPENSIVE  NO EXAM burial Life Insurance  options That Will  never expire and never increase rates.


Please note the Workers Bequest is not in any way affiliated with Baltimare Life Insurance co. This article is our personal review of the term life insurance product offered through Baltimore Life as well as alternatives. If you are looking to contact Baltimore Life Insurance co. directly, call them at (800) 628-5433 If you are looking for a lost policy try the NAIC policy locator service.

Expert Review Of Baltimore Life Insurance Company

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Reviewed by

Jim Tobin, CFP®

Why you can trust this review

At Workers Bequest, we value our editorial independence. We keep our reviews strictly factual so you can use them to make informed decisions. Life insurance carriers referred to on this site do not approve reviews. 

Baltimore Life Insurance Company is a Maryland financial services company that specializes in simplified issue "no exam" life insurance policies.

This review will address company history, financial ratings, and the positives and negatives of Baltimore Life Insurance Company.

Additionally it will address some specific  situations where it may make more sense to go outside the Baltimore Life Insurance family of products. 

The goal here is to help you get a proper upgrade from an Employer-Sponsored Life Insurance plan and help you choose a more befitting Life Insurance plan.

Baltimore Life Insurance Company History

Founded in 1882 as the Baltimore Mutual Aid Society, Baltimore Life Insurance would take it's current name 18 years later.. 

Since its humble beginnings, the group has expanded its reach in the financial services market to insure more than 300000 clients with over a Billion dollars in assets under management.

Baltimore life is distributed through independent agents in 49 states and the District of Columbia. (No New York Business)

Baltimore Life Insurance Company Ratings

Baltimore Life Insurance received stellar ratings for financial stability. This indicates that the company is in strong position to meet it's obligations going forward.  

  1. A.M. Best Company: The Baltimore  life insurance rating given by A.M. Best was an B++ (Superior). This is the  fifth best possible out of 16 total ratings.
  2. Fitch Ratings: Baltimore life insurance is not covered by  by Fitch.
  3. Comdex Score- Baltimore Life is not covered by Comdex. 

Baltimore Life Insurance - (Term)

Baltimore Life offers simplified issue term life insurance. The policies offered are 10,15,20, and 30 year terms like many of the best life insurance companies.   

Baltimore life term policies have conversion privileges that are policy specific.

The primary difference between these policies and most term policies is that underwriting is instant (done while you wait on the phone). This process is both convenient and more expensive than traditional coverage.

Other Baltimore Life Products

In addition to it's term life insurance product, Baltimore Life  also offers small whole life insurance for "final expenses". Although these products can be found with better pricing in the open marketplace, they are worth noting.

Additionally, Baltimore life insurance company is a virtual insurance/financial services supermarket

  • Disability
  • Annuity
  • Long Term Care
  • Critical Illness
  • Dental care
  • Medicare Supplement 

Baltimore Term Life Insurance Rates and Quotes

Because Baltimore life term insurance is not not carried by most independents at this time (possibly changing), you will need to contact the Baltimore Life company to get a Baltimore life term quote

You can then take that quote and compare with the major carriers quotes that are available by using the quote tool on this site.   

Are Baltimore Term Life Insurance Rates Competitive?

Not likely.

Maybe not the answer you were looking for, I know. It is however, the truth. 

Carriers that are distributed through independent brokers, but are not carried by those same brokers are usually disregarded for one reason: Price.

Baltimore life markets a more competitive whole life "final expense" product that is carried by most independents. 

when it comes to pricing of term insurance price busters, like Banner LifeProtective and Lincoln are usually  less expensive. Whereas, impaired risk carriers like Prudential are slightly more.

Cases where Baltimore Life Insurance is not a great choice

While Baltimore Life may be competitive with "final expense"carriers for certain circumstances,  the fact remains that they are not competitive with term. Moreover, even with final expense, different carriers have differing appetites for specific health risks. 

Is Baltimore Life competitive on all of them? Not likely. 

If you have a specific condition, you are best off speaking with an independent agent to find out which carrier will give you the best chance to get approved at a great rate.  

That being said, if you are using Baltimore Life Insurance for other financial services, you may want to keep everything under one roof.

Baltimore Life Insurance Suicide Exclusions

The 2 year suicide clause that is part of all life insurance policies in the United States, is the same. (Note that some states use a 1 year exclusion)

Baltimore Life Insurance Customer Service

The National Association of Insurance Commissioners reports a complaint index of .00 for Baltimore Life. This is well below the national average of 1 percent

Additionally, while Baltimore Life Insurance is not rated by JD Power & Assoc., it has a BBB rating of A+.

Baltimore Life Insurance Contact Info 

Address:10075 Red Run Boulevard
Owings Mills, MD 21117

Phone:(800) 628-5433


The Baltimore Life Insurance Review Final Verdict

Is Baltimore Life Insurance Company right for you?It really all depends on your situation.

If you have notable health impairment(s), you will likely be better suited by shopping around on the open market where it is convenient to make apples to apple comparisons. 

Moreover, having the use of an independent expert who can send your application to a carrier that is likely to view you in the best possible light has value that Baltimore life can't offer.

However, if you happy with other services being being provided by Baltimore Life Insurance and in good health, it may be convenient to keep things "in house".

Finally, we are glad about the efforts you've made on checking out for a better upgrade for your Employer Sponsored Life Insurance Plan and finally decided on Workers Bequest. We are committed to a totally transparent process (we'll even share our computer screen with you if you'd like), and making the application process as painless as possible.

Simply give us a call or send us an email so we can get you started. If you have any questions, We'd also like to hear them.

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