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Life Insurance

Life insurance is an insurance policy where an insurance provider agrees to pay a certain amount of money after an agreed period or after the death of the insured. It protects the beneficiaries of the insured person. At Rice Agency Inc. we do our best to offer you the life insurance policy to suit your needs in Maryland. We have a team of talented and experienced agents. They will speak to you and find out your life insurance goals before coming up with a quote. The following are some of our life insurance types.


Term Life Insurance

Our term life insurance offers you coverage only for a specified period. We offer annual renewable term life insurance and level term life insurance. With annual term life insurance, the premium rates may change at the end of a year. However, the premium payments for level term life insurance do not change until the end of a specified period. Once the period is over, the premiums may change or remain the same. Term life insurance is only used as a death benefit type of life insurance. It provides financial compensation to the beneficiaries of the insured in the event of the insured’s death. It may help them pay for their mortgage, college fees, debt, and other responsibilities.


Permanent Life Insurance

Our permanent life insurance policies include whole life insurance and universal life insurance. The policy offers you protection for the rest of your life. In the event of your death, it pays your beneficiaries a sum that may help them cater to various needs. Permanent life insurance has cash value. The cash value increases as you continue to pay the premiums.

Contact Rice Agency Inc. today to discuss a new policy for your life insurance needs in Maryland. We have a team of friendly and experienced agents that will assess your needs and help you to determine the best life insurance policy for your needs.

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