William M. Sparks 1945 - 2023
My father, William (Bill) Sparks, passed away sadly but comfortably Sunday morning, surrounded by his family. He was a kind and loving man with a heart of gold. There are so many who loved him and will feel this loss – in the business world and far beyond. He would say thank you to all of his small-business customer for their support, and he would wish everyone peace and happiness. I have run the William M. Sparks Insurance Agency for many years now, and I will continue to run it just as my father did and as he would want me to do. On behalf of my family, I thank you all for your kind words, well wishes and support at this time. --- Danielle Sparks
Auto - Homeowners - Business Insurance for
Lutherville, Timonium & Cockeysville, Maryland
Find the best rates and the best terms on homeowners, renters, condo and flood insurance as well as auto, boat and motorcycle insurance for you and your family.
We help you create a good business/commercial insurance package designed especially to fit your industry and offer your company the best coverage.
This popular financial tool can be used for many purposes besides just paying for you final expenses, depending on the type of policy you choose.
As an independent insurance agency, we will do the research and compare a number of insurance carriers to give you the best options and rates to meet your needs.
Life insurance comes in many forms and can be used for many other purposes besides just paying for your final expenses. The older you are, the more expensive life insurance becomes and the less options you have. Here at the William M. Sparks Insurance Agency in Timonium, Maryland (Baltimore County), we help people like yourself fashion just the right policy to secure their future.
Why Purchase Life Insurance?
Life insurance is a popular financial planning tool. Since the benefits of a life insurance policy are typically paid upon your death, many people regard it as just a way to pay for your funeral and burial. However, it can also be useful to:
- Pay federal or state estate taxes to remove that burden from your heirs.
- Replace dependents’ income in the event of your death.
- Create an inheritance for your beneficiaries.
- Create a charitable contribution fund.
- Accumulate savings if your policy grows a cash value.
Types of Life Insurance Policies
There are two types of life insurance – permanent and term.
- A Term life insurance policy pays benefits only if death occurs within the defined term of the policy, typically 1-30 years. It usually will not have a cash value that you may cash in or borrow against. Many term life insurance policies offer the option to convert to a permanent (cash value) policy.
- Permanent life insurance is structured to pay benefits for a “lifetime” – often even beyond 100 years of age. There are three types of permanent policies: traditional whole life, universal life and variable life insurance.
- With traditional whole life insurance, the death benefit does not change and the premium remains constant for the life of the policy. Over time, the policy accrues a cash value which you may withdraw or borrow.
- A universal life insurance policy is much like traditional whole life insurance, except that you have the option to change the amount of the death benefit and/or vary the premium within certain limits without having to purchase a new policy.
- Variable life insurance has an element of risk since it combines traditional or universal life protection with a savings feature that you can invest in stocks, bonds, money market mutual funds. You could be subject to financial risk and the loss of your policy’s cash value, depending upon the behavior of the market. This agency does not offer variable life insurance products at this time.
Is it time to plan for your future and the protection of your family?
Why not discuss the many life insurance options with one of our experienced agents here at the William M. Sparks Insurance Agency in Timonium, MD, who can help you explore the choices and answer your questions. Just contact us today to discuss how we can help or to get a Life Insurance quote.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.
No matter how well you plan, accidents can still occur; and depending on the circumstances, the resultant claims against your business can far exceed your planned coverages. When this happens, it can put your entire business at risk unless you have an ‘umbrella’ for protection.
Here at the William M. Sparks Insurance Agency in Lutherville / Timonium, Maryland (Baltimore County) we will look at your current business liability insurance coverages and help you decide on the right path whether you are located in Maryland (MD), Virginia (VA) or Pnnsylvania (PA).
What is Business Umbrella Insurance Coverage?
Business catastrophe liability insurance is sometimes referred to as 'business excess liability' or ‘business umbrella’ insurance. This insurance adds an additional one million dollars or more beyond the amounts available in your company’s present policies for auto and other liability, and it stipulates certain levels of coverage on your company’s various primary insurance policies.
Already have Umbrella Coverage for your business?
Why not sit down with one of our agents for a no-obligation policy review to assure that you are getting the best rates for the coverage you need for MD, VA or PA?
If you don't yet have umbrella coverage for catastrophe and excess liability protection, why not speak to our representatives at the William M. Sparks Insurance Agency today to arrange for that extra umbrella over your business?
Just contact us to learn how to get started.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.
As a business owner, you work hard to stand out and be competitive in your market, and the reliability of your staff and employees is an important part of making that happen. So when you lose one of those people, particular through death, the impact on your business can be substantial. You can protect against that impact with Key Person / Employee insurance.
Here at the William M. Sparks Insurance Agency in Timonium, Maryland (Baltimore County), we can help you prepare for whatever might happen.
Why Have Key Person (Employee) Insurance?
If your business involves a key person, especially if that person is your company’s key contact for suppliers or customers or is pivotal in the management of the business, then the loss of that person would present a major threat to the well-being of your company.
How Does Key Person (Employee) Insurance Work?
If your key person is lost by death, your company can receive a death benefit through your Key Person insurance. Such insurance is a variation of a life insurance policy for which your company pay premiums. The benefit amount depends on the situation, the role the key person plays as well as his/her health and age. In the event of the death of the insured key person, the benefit is paid to your company.
Our experienced agents, here at the William M. Sparks Insurance Agency in Timonium, MD, can help you examine the options for protecting your company against the loss of a Key Person (Employee or Staff person); and we can help you arrive at the one that best suits your needs. Just contact us today to discuss how we can help.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.
In this economy, employee benefits can be a more important tool than ever for a business owner. Workers are concerned about making ends meet and at the same time protecting their financial future. Offering group life insurance to your employees and their dependents can help attract and retain good people. Here at the William M. Sparks Insurance Agency in Lutherville / Timonium, Maryland (Baltimore County), we can help you establish a program that fits your company’s needs whether you are located in Maryland (MD), Virginia (VA) or Pennsylvania (PA).
Group life insurance is an employer-sponsored program for you, your employees and (optionally) their dependents.
Typically, if the program is wholly sponsored, the type of coverage will be term life insurance for which your company may pay 100% of the premium.
Group life insurance can be structured in many ways, perhaps taking the form of a voluntary insurance program for your employees who pay their premiums using a payroll deduction system that you administer. In this type of program, it would likely be possible to offer whole life insurance as opposed to term life insurance.
Why not speak to our representatives at the William M. Sparks Insurance Agency in Timonium, MD, today and explore all the group life insurance benefit plan options available for your business?
Just contact us for the details to get started.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.
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