Month: February 2026

What is Universal Life Insurance?

Posted on by AgentInsure

Making financial decisions can be challenging for anyone. One important financial decision is choosing whether to buy life insurance. If you live near Laurel, MD, our team at Mid Atlantic Insurance Financial can help you understand all your life insurance options. We’ve been assisting clients like you since 2005.

What Is Universal Life Insurance?

When purchasing life insurance, you may encounter terms such as term, whole, and universal life insurance policies. According to the Maryland Insurance Administration, universal life insurance is a type of permanent insurance. The premiums for this type of insurance are flexible within limits and typically cost less than those for whole life insurance.

As noted by Investopedia, universal life insurance policies have a minimum premium amount. This amount is determined by factors such as the policyholder’s age, insurability, and the benefit amount of the policy. Over time, the premium amount increases as the policyholder ages, but the account’s cash value often offsets these increases. One of our agents can help you understand how universal life insurance works and whether it’s the right choice for you.

Call Us for Your Appointment Today

While it may not be pleasant to plan for what happens after you pass away, it can be comforting to know your family will be supported by the proceeds from your life insurance policy. Our team at Mid Atlantic Insurance Financial is here to help you understand all the implications of your insurance choices. Clients in the Laurel, MD area trust us for excellent customer service. Call us today to schedule an appointment and let us be your partner in planning this important aspect of your financial future.

What’s the Difference Between First-Party and Third-Party Cyber Insurance?

Posted on by AgentInsure

While Maryland may not be as vulnerable to cyberattacks as highly populated states like California and Florida, business owners in Laurel, MD, should still ensure they have sufficient cyber insurance to protect against breaches or hacks. Cybercrime is on the rise, and hackers are targeting businesses across industries.

Understanding the Options

Cyber insurance falls into two main categories: first-party and third-party. These options serve different purposes and work together to provide comprehensive protection for business owners.

First-Party Insurance

First-party insurance covers your business directly. It provides compensation for ransom payments, fines, and IT repairs. Additionally, it covers the costs of notifying affected customers of the breach and providing credit monitoring services. It also includes expenses related to investigating the attack’s cause.

Third-Party Insurance

Third-party cyber insurance covers legal expenses resulting from a data breach. These lawsuits often occur when vulnerabilities in one company’s IT network allow hackers to access other companies’ networks. Claims can reach tens of millions of dollars. With third-party coverage, you can hire legal representation, pay for out-of-court settlements, or cover judgments against your business.

Contact Mid Atlantic Insurance Financial for More Information

Mid Atlantic Insurance Financial proudly serves business owners and entrepreneurs in and around Laurel, MD. We offer a variety of commercial insurance policies and bundles from multiple carriers, making it easy to find coverage tailored to your business’s needs. Contact us today to learn more about commercial cyber insurance or to request price quotes for specific policies.