Choice Mutual Rating

Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, policy cost, underwriting criteria, the insurer’s financial strength ratings, and complaint data.

Baltimore Life final expense life insurance is a competitively priced policy with no waiting period (if approved).

Learn how to qualify, the cost, pros & cons, and if they are your best option for final expense coverage.


How Does Baltimore Life Final Expense Insurance Work?

Baltimore life’s burial insurance plan is a simplified issue whole life policy that does not require a medical exam.

When the insured dies, Baltimore Life will pay out a tax-free cash payment directly to beneficiaries so they can pay for your funeral expenses.

There are no restrictions on how the money is used. That means your loved ones will keep any leftover money.

Baltimore Life has three separate health ratings that you could qualify for. Which one you’re eligible for depends upon your health.

If you can answer no to all the health questions, you’d be eligible for their Silver Guard I product which has no waiting period.

However, if you do answer yes to some of the health questions in the application, then you would qualify for their Silver Guard II or III plan.

Silver Guard II and III have a graded benefit. If you die during the first 12 months, the payout will only be 25% of the face value. If you die during months 13-24, the payout will be 50% of the face value.

After two years, the full death benefit is payable.


Baltimore Life Burial Insurance Details
Product NameSilver Guard®
Policy TypeWhole Life Insurance
Policy DurationLifetime
Fixed PremiumsYes
Builds Cash ValueYes
State AvailabilityAll States (Except MA, MN, MO, NY, NC, SC, WA, & WV)
New Applicant Age Range50-80
Coverage OptionsAge 50-75:
Age 76-80:
Free Built In RidersTerminal illness
Optional RidersAccidental Death (2X the payout for accidental death)
Where to ApplyAgencies licensed to sell Baltimore Life products (you can't buy this plan directly from them)
Phone Number to Apply1-800-644-2926
Health QuestionsYes
Medical Exam RequiredNo
Guaranteed AcceptanceNo
2-Year Waiting PeriodNo (subject to underwriting approval)
Application Approval Time20 Minutes
BrochureBaltimore Life Brochure
Sample ApplicationBaltimore Life Application


Cost Of Baltimore Life Burial Insurance

The cost of Baltimore Life’s funeral insurance depends on your actual age, gender, tobacco usage, health, and how much coverage you want.

Below are sample monthly quotes for their Silver Guard I (non-tobacco) plan.


50F: $18.50
M: $20.12
F: $31.59
M: $34.83
F: $44.69
M: $49.55
F: $57.78
M: $64.26
55F: $21.02
M: $23.54
F: $36.63
M: $41.67
F: $52.25
M: $59.81
F: $67.86
M: $77.94
60F: $24.75
M: $28.58
F: $44.10
M: $51.75
F: $63.45
M: $74.93
F: $82.80
M: $98.10
65F: $29.48
M: $34.47
F: $53.55
M: $63.54
F: $77.63
M: $92.61
F: $101.70
M: $121.68
70F: $35.91
M: $44.64
F: $66.42
M: $83.88
F: $96.93
M: $123.12
F: $127.44
M: $162.36
75F: $48.33
M: $60.89
F: $91.26
M: $116.37
F: $134.19
M: $171.86
F: $177.12
M: $227.34
80F: $63.81
M: $81.99
F: $122.22
M: $158.58
F: $180.63
M: $235.17


Baltimore Life Final Expense Insurance Pros & Cons

The Good
  • No medical exam
  • Fast approvals
  • Competitive prices
  • Accepts a variety of common health issues
  • Living benefits rider included at no extra cost
The Bad
  • Only B++ rating with A.M. Best
  • Low coverage maximum relative to other providers
  • Other final expense companies offer lower rates
  • Applicants need to be in fairly good health to qualify for their no waiting period coverage
  • No options above 80
  • Multiple states where the product is not available


Does Baltimore Life Have The Best Burial Insurance?

Baltimore Life has a quality final expense product, which is why they made our list of the best funeral insurance companies.

But while Baltimore life is a respectable company with a quality product, they aren’t the best option.

Other burial insurance companies offer lower prices and more lenient underwriting.

No single insurance company is the best option for everyone. There are companies (such as Lincoln Heritage or Colonial Penn) that try to make that claim, but it’s not true. Some people are better off with a particular company, but others may not be.

For example, Living Promise from Mutual of Omaha is much less expensive.

Plus, Mutual of Omaha will accept far more health issues for their no waiting period coverage than Baltimore Life.

The key to finding the best senior burial insurance is to work with an independent agency (such as Choice Mutual) that can freely compare multiple insurance providers on your behalf.

The table below outlines many typical health issues where you’d still be eligible for no waiting period coverage with Baltimore Life.


Policy Type: Whole Life Insurance
New Applicant Age Range: 50-80
2-Year Waiting Period: No (subject to underwriting approval)
Coverage Amount Range: $2,500-$25,000
States Available: All States (except MA, MN, MO, NY, NC, SC, WA, WV)
Premiums Stay the Same Forever: Yes
Builds Cash Value: Yes
Policy Duration: Lifetime
Optional Riders: None
Where to Apply: Agencies licensed to sell Baltimore Life product (you can't buy this plan directly from them)
Phone Number to Apply: 1-800-644-2926
Medical Exam Required: No
Guaranteed Acceptance: No
Application Approval Time: 20 Minutes
Common conditions still eligible for no waiting period coverage:

Aneurysm (if repaired > 2 years ago)
Cancer > 2 years ago
Circulatory surgery > 2 years ago
Crohn’s disease
Diabetes (type 1 or 2)
Diabetic coma > 2 years ago
Grave’s disease
Heart attack > 2 years ago
Heart surgery > 2 years ago
Hepatitis A or B
High blood pressure
High cholesterol
Insulin shock > 2 years ago
Multiple sclerosis
Sleep apnea
Squamous/basal cell skin cancer
Stroke/TIA > 2 years ago
Tumors (non-cancerous)


Who Is Baltimore Life Insurance Company?

Baltimore Life Insurance Company has been in business since 1882. They currently have a B++ rating with A.M. Best, indicating they are financially secure.

They offer a wide variety of insurance products. They have diverse insurance offerings, including various life insurance products and retirement plans.

They operate in 49 states, including the District of Columbia. Their main office is located in Baltimore, Maryland.

Below is their contact info:

  • Website:
  • Phone: 1-800-628-5433
  • Corporate address: 10075 Red Run Boulevard, Owings Mills, MD 21117-4871


The Bottom Line

3.5/5 rating
Baltimore Life earned 3.5 stars out of 5 for overall performance. Choice Mutual’s ratings are determined by our editorial team. The scoring formula considers consumer experience, complaint data from the National Association of Insurance Commissioners, and financial strength ratings.

Learn about our rating methodology.

Policy rates relative to other carriers
Financial Strength
Credit ratings from A.M. Best
Customer Reviews
Consumer feedback from third-party websites like Facebook, Yelp, and Trustpilot
NAIC Complaint Ratio
Up-to-date complaint score from the National Association of Insurance Commissioners
Advertising Practices
Accuracy and trustworthiness of marketing
Available Products
Number of policy types, including no-exam options

Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.

  1. 1882.
  2. A.M. Best.