--- title: Life Insurance in Maryland: Quotes and State Rules url: https://coverfolk.com/states/maryland updated: 2026-10-08 --- # Life insurance in Maryland Free quotes from licensed Maryland agents, plus the state rules that protect you, in plain words. [Call free (888) 635-3511](tel:+18886353511)[Your rights](#rights) Calls are recorded and may be shared with a licensed agent. Updated October 8, 20267 sources[Fact checked](/editorial-standards) Maryland The short answer In Maryland, you get at least 10 days to return a new life policy for a refund, a 30 day grace period if you miss a payment, and up to $300,000 of protection if your insurance company fails. ## Your rights in Maryland Free look : 10 daysReturn a new policy for a full refund. Grace period : 30 daysCoverage stays on while you catch up. Safety net : $300,000Death benefit protection. Cash value: $100,000. State help line : [1-800-492-6116](tel:18004926116)Maryland Insurance Administration 10 days after the policy is delivered. You cancel by written notice to the insurer (Md. Ins. Code 16-105). 30 days if the policy replaces an existing one (COMAR 31.09.05.06). 30 days, or at the insurer's choice one month of at least 30 days (Md. Ins. Code 16-202). * If a new policy replaces one you already have, Maryland gives you 30 days to return it (COMAR 31.09.05.06). * If you die during the grace period, the policy is still in force. The insurer can take the unpaid premium out of the payout (Md. Ins. Code 16-202). ## Who lives in Maryland About 6.3 million people live in Maryland. We help people in Baltimore, Frederick, Gaithersburg and the towns in between. **67.6%**of homes are lived in by the owner. Median value $419,900. **18.4%**of people are 65 or older **327,493**veterans live here **$103,678**median household income Census QuickFacts, American Community Survey 2020 to 2024. The 65 and over share is a Census population estimate for July 1, 2025. ## What people in Maryland look for **Mortgage protection** With 67.6% of homes owned and a median value of $419,900, a lot of families want the house covered. [More on mortgage protection](/coverage/mortgage-protection) **Final expense** 18.4% of people here are 65 or older. A small policy keeps funeral costs off your family. [More on final expense](/coverage/final-expense) **Term life** The lowest price for the most coverage while the kids are young. [More on term life](/coverage/term-life) **Veterans** 327,493 veterans live in Maryland. See what goes beyond VGLI. [More on veterans](/jobs/veterans) ## Common questions in Maryland What is the free look period for life insurance in Maryland? Maryland gives you at least 10 days to review a new individual life policy and return it for a refund. 10 days after the policy is delivered. You cancel by written notice to the insurer (Md. Ins. Code 16-105). 30 days if the policy replaces an existing one (COMAR 31.09.05.06). Source: [Maryland free look law](https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=16-105&enactments=false) What happens if I miss a payment in Maryland? Maryland law gives at least a 30 day grace period. 30 days, or at the insurer's choice one month of at least 30 days (Md. Ins. Code 16-202). Source: [Maryland grace period law](https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=16-202&enactments=false) What if my life insurance company goes out of business in Maryland? The Maryland Life & Health Insurance Guaranty Corporation steps in. It protects up to $300,000 in death benefits and $100,000 in cash value, per insured person, as of June 2025. Source: [Maryland Life & Health Insurance Guaranty Corporation](http://www.mdlifega.org) · [NOLHGA: how you are protected](https://nolhga.com/policyholders/how-youre-protected/) Who regulates life insurance in Maryland? The Maryland Insurance Administration. You can call its consumer help line at 1-800-492-6116 or visit insurance.maryland.gov to check an agent's license or file a complaint. Source: [Maryland Insurance Administration](https://insurance.maryland.gov) Can I get a life insurance quote online in Maryland? Yes. Coverfolk works with licensed agents in Maryland. Answer a few questions, confirm your phone with a text code, and an agent shows you real prices. It is free. Source: [Maryland Insurance Administration](https://insurance.maryland.gov) Are you a licensed agent? [Buy Maryland insurance leads on Dial Haul](https://dialhaul.com/states/maryland/). ## Sources 1. [Census ACS 2020-2024 5-year profiles, Maryland (data.census.gov)](https://data.census.gov/table/ACSDP5Y2024.DP04?g=040XX00US24) 2. [NOLHGA: How You're Protected (coverage as of June 1, 2025)](https://nolhga.com/policyholders/how-youre-protected/) 3. [NOLHGA: Contact My Guaranty Association](https://nolhga.com/policyholders/contact-my-guaranty-association/) 4. [NAIC Model Law Chart LI-30, Life Insurance Disclosure (Fall 2023)](https://content.naic.org/sites/default/files/model-law-chart-li-30-life-insurance-disclosure-provisions.pdf) 5. [Md. Ins. Code 16-105 (free look)](https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=16-105&enactments=false) 6. [Md. Ins. Code 16-202 (grace period)](https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin§ion=16-202&enactments=false) 7. [Maryland Insurance Administration home page (phone numbers)](https://insurance.maryland.gov/Pages/default.aspx) 8. [Maryland Insurance Administration](https://insurance.maryland.gov) 9. [Maryland Life & Health Insurance Guaranty Corporation](http://www.mdlifega.org) This is a plain summary of state rules, not legal advice. Your policy and the law control. Call the Maryland Insurance Administration if you have a problem with a company or agent. Questions? [Call free (888) 635-3511](tel:+18886353511). Answered 24/7. More for Maryland ## More Maryland guides [Final expense in Maryland](/states/maryland/final-expense)[Mortgage protection in Maryland](/states/maryland/mortgage-protection)[Funeral costs in Maryland](/funeral-costs/maryland)[En español](/es/estados/maryland) Questions? [Call free (888) 635-3511](tel:+18886353511). Answered 24/7. 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