We Make Life
Option to skip all medical exams and questions for instant approval.
Or choose full underwriting for best savings
No hidden quotes or shtick. Full transparency up front.
Reach us via Call/Text/Email/WhatsApp
Term, Universal, Whole Life, Final Expense, and More
Children, Teenagers, Adults, and Seniors.
Over 100 different plans to choose from
We shop for you assuring you the best policy at the best price
Multiple awards for Insurance Excellence
Licensed throughout the United States
Thousands of policies successfully written.
LICENSED LIFE INSURANCE BROKERAGE
Since 2017, Herbert Baumgarten and his team have been providing solutions to client’s insurance needs.
Baumgarten Insurance Group Will Help Protect You and Your Family
Our office has helped many thousands of individuals and families throughout the United States and particularly here locally in Maryland. We specialize in life, health, supplemental, disability, auto, dental, travel, and more. We are the recipient of many awards for insurance excellence. We have successfully submitted thousands of insurance policies for our numerous clients.
There is a lot of misinformation out there on life insurance. Get straightforward and accurate insurance information from an experienced, caring, and honest broker who will answer all the questions you may have.
You will find that our agency is very friendly and we are very easy to reach. We address all the questions and concerns you may have about applying for life insurance. We know you will get the answers to your questions and you will walk out feeling great knowing that we found you the right policy at the best price.
We will advise you when purchasing a certain policy is the right move, as well as when it is not your best bet. Our services are always completely free of charge. As an independent brokerage, we get paid by the hundreds of carriers that we work with. This means our allegiance is always to you our client and not to the insurance company. Call us today as we take the stress and hassle out of insurance.
You need an Experienced Honest Insurance Broker on Your Side
The first thing to know about life insurance is that there are many different carriers all offering the exact same product. Company A is offering a million dollar 20 year term policy at $50 a month and Company B is offering you a million dollar 20 year term policy at $52 a month. Is there any reason to pay more for Company B over A if they are offering the exact same thing? No.
Life insurance is not like health insurance where you may need to consider which doctors or hospitals are in certain networks and it's not like auto insurance where you're actually dealing with customer service from time to time.
Generally speaking, you're only dealing with a life insurance company twice. Once when the policy is bought, and once when the covered individual is dead. As a result, just go with whoever is cheapest.
Well who is the cheapest? Let me first tell you who is not the cheapest. 99.9% of the time, if you buy life insurance from your auto insurance carrier, you will not be getting the best rate.
Let me repeat that. While it's totally fine as a matter of convenience, to add life insurance to your auto policy, you will be spending significantly more than you have to. Auto insurance companies do not shop around from the hundreds of life insurance carriers that offer life insurance. They only offer their brand name life insurance.
Similarly, if you call up any life insurance company directly as opposed to using an independent broker like myself-they will only be offering their particular product. What are the chances that out of all the different life insurance companies, you happened to choose the one that is offering the very lowest rate? It's obviously very unlikely.
Note that not all brokers have access to the very best rates. They may only contract with one or two different companies so when they tell you company A is offering the best rates, that may be true out of the few companies they offer but not out of all the options that are out there. If your broker or agent isn't able or willing to send you a breakdown with a list of at least 7 different carriers and their quotes, they probably don't contract with that many companies and can't truly offer you the best price.
Now, there are generally two ways to go through the application process for life insurance.
Option # 1 is to go through full underwriting. That usually entails having a blood and urine sample taken as well as an interview. The underwriter may have follow up questions for both you and your doctor. The entire process is usually slow and annoying and can take over a month. However, at the end-assuming your results come back nice and healthy, you will be getting a very good rate.
Option # 2 is to skip the whole hassle of underwriting. You will have to answer just a few basic health questions upon application. There is no blood work or follow up discussions with your doctor. You simply submit your application and you are instantly approved or denied. Issue being is that you will end up paying more compared to if you had gone with option 1 and your results came back healthy.
Which option do I recommend? Well it depends who you are.
Let's say you're young and healthy and don't have any pre-existing conditions whatsoever, and your confident that you will stick with and complete the process and hassle of full underwriting even though it may take several weeks, you will be better off going with option # 1. However, if you're the type to forget or get lazy about it and are never going to actually follow through with all the underwriting requirements, go with option # 2 and get yourself immediately approved. If at some point later, you decide that you want to try to save some money and are now willing to put in the effort-nothing is stopping you from doing another application with full underwriting. Once you are approved at a lower rate, cancel the policy you had gotten instantly approved on which is more expensive.
What if you are someone who is older or has some health-related issues-In this scenario I would recommend 1st doing an instant approval application-Once that is approved, you can start the process of seeing if you can possibly get a better rate under full underwriting. The reason why you don't want to go with the full underwriting 1st is if your application results in a denial or an unfavorable rating-that goes on your record. If you revert back to the easier underwriting policy, you likely will get denied on that too once your record is stained. So, get yourself in the door with the instant easy approval, and then go for the full underwriting afterwards.
Now you will almost never hear this type of advice from most agents and brokers that you speak to. And here is why.
Many do not have access to both fully underwritten and instant approval carriers. They sometimes have only one or the other.
Even if they have fully underwritten products, they want to ensure they get their commission, so they rather get you instantly approved at a higher premium in order to ensure they get paid as opposed to you starting the underwriting process, getting frustrated or lazy with it and never following through. And of course, they would rather sell you a more expensive policy as they make more money on it as opposed to you getting a really great rate by going through full underwriting.
Most brokers and agents get paid at least a 9-month advance. That means the life insurance company is paying the broker an upfront commission assuming that you're going to keep the life insurance for at least 9 months. If you were to cancel your instantly approved life insurance policy once you went to full underwriting and got a better rate, the broker is going to have to pay back to the life insurance company that advanced commission. That is a tremendous hassle and often can result in a broker's contract being terminated if he owes too much money back to the carrier. As a result, most brokers prefer that you just buy one policy and never cancel. But that often is not the best option for you.
Just to reiterate, it usually makes sense to just get a policy instantly approved and afterwards try to beat the rate by going through full underwriting and just canceling afterwards.
You should also know that brokers are often given incentives like free vacations or cash bonuses if they hit certain quotas with certain carriers. They therefore may be motivated to push a certain company your way even though it may not be the best rate.
That is why it is so important to find a life insurance broker that you truly can trust to help you make the best choice regarding your life insurance
Contact Baumgarten Insurance Group Today to Speak with an Expert Life Insurance Agent
To learn more about your life insurance options, you will need the best Life Insurance Agent. So please do not hesitate to contact us. We will review your situation and provide personal advice and guidance to help you select and apply for Life Insurance. Call us today at 410-802-3337 to get immediate help and advice with your Life Insurance.