New Jersey Life Insurance

In New Jersey, life insurance companies are readily available to provide you with coverage that will protect the people you love when you are no longer around to do it.

If your spouse or your dependents depend on you for support, are they going to be able to carry on in the event of your death or are they going to face financial devastation?

Credit card bills, funeral expenses, loss of income, mortgage payments and attorney’s fees add up quickly.  Life insurance to protect your family is the easiest way to make sure that they are prepared and financially able to take care of themselves. Read on to find out some ways to save money on your NJ life insurance search and then use our free quote finder to compare New Jersey life insurance quotes from top life insurance companies online.

Search Hints For Finding The Best New Jersey Life Insurance Policy 

• Shop around for the best price and policy.
• Don’t let an agent talk you into purchasing more than you need.  Only buy what you need.  By the same token, don’t take the first policy offered to you just because it’s the easiest thing to do.  You have 30 days to look over any policy you are offered before making a final decision.  Take it home and compare it to other policies, what they offer as well as their rates.
• Try to stay as healthy as possible and drink as little as possible to get lower rates.
• Buy your policy sooner than later.  Once you are over 65 you can no longer purchase short term policies that have lower rates, you have to buy long term policies at higher rates regardless of your health.
• Research all of your options and different types of policies (term life vs. universal life vs. whole life vs. variable life).

New Jersey Life Insurance FAQ’s 

When you are ready to start the process of getting life insurance you may want to talk to an insurance agent.  Even if you choose to get your basic information from a website, and agent can clarify any grey areas. Take a list of questions with you because you are sure to have more than the ones listed below.

• How much insurance do I need?  That depends on your circumstances.  How much debt do you have?  How large is your mortgage?  How long is it going to take your spouse and dependants to become self sufficient without you?

• I have group insurance through my provider, should I buy an individual policy?   That really depends on the group policy you have.  Does it provide the coverage you need and will you still have it if you leave that job?

• Does my spouse also need life insurance?  If your spouse contributes a good portion to the family’s income, then the answer is yes.  You will want to be able to replace that income in the event of his or her death where there is no financial stress put on you and rest of the family.

  Even if your spouse doesn’t work, having a life insurance policy can help cover services that your spouse provides such as child care or home maintenance that you suddenly find yourself having to find coverage for that wasn’t an issue before.

• What is coverage going to cost me?  The cost of your life insurance depends on a number of things; the policy you want/need, and your health.

• When should I review my current coverage?  The most important times to review your policy are after major life changes such as purchasing a home, getting married, taking out a large loan, starting a college fund, having a child, changing jobs, starting your own business, getting married or divorced, losing a spouse, or caring for an elderly relative.

• What kind of things affect my underwriting?  First and foremost your health.  If you are in good health your premiums are going to be lower.  Only 30% of all policies written are provided at the best rates possible.  Other things that affect your rates are your hobbies. For example, extreme sports are going to raise your premiums (skydiving is considered a bit more dangerous than chess), your driving record and your occupation (a professional stunt man is going to have higher premiums than a computer programmer).

• Will I have to take a medical exam?  Based on your age and the policy you want you may be required to take an exam. The medical exam is done at the expense of the insurance company and is usually nothing more than a basic physical checking your height, weight, pulse and blood pressure.

  You may be asked to provide a urine and/or blood sample, possibly take an ECG and or a chest x-ray.   An oral fluid sample (saliva) may also be required to check for drug usage.

  It is all to provide the insurance company with the underwriting information they need for your life insurance policy.  Based on the results of the medical exam your premiums will be determined, as well as any exclusions to your policy.  Just like skydiving or bungee jumping, the use of recreational drugs increases the risk that insurance company takes to insure you so your premiums are going to be higher.

New Jersey Life Insurance Companies 

New York Life -  New York Life offers a new program called Family Life for young families just starting out.  Through this program you can purchase a ten year plan to insure your entire family under one insurance plan.  It covers two adults (this includes domestic partners) in $50,000 increments up to $100,000 and each child at $10,000 at no extra cost.  There is also a conversion privilege that allows all parties on the policy to purchase other life insurance polices without providing proof of insurability.

Here’s a partial list of some other insurance companies that service New Jersey residents. Be sure to check each one out for financial stability and a policy that fits your needs.

• Pruco Life of New York and New Jersey
• State Farm Insurance
• Prudential
• Nationwide
• AIG
• John Hancock
• Lincoln Financial
• Western Reserve 

Start Your Search Now For New Jersey Life Insurance 

You never know what life is going to throw at you so it’s always best to be prepared.  You don’t want your family to be unprepared financially should the worst happen.

Get started today preparing for the “just in cases” in life by using the easy to use tool that we have provided to start looking for free New Jersey life insurance quotes today from top companies.

Get started finding the protection that you need for your family!