Term Life Insurance Quotes from New Jersey Life Insurance Quotes Company

New Jersey Life Insurance Quotes Company is a marketplace for free insurance quotes. We do not provide New Jersey life insurance quotes directly, nor do we sell policies. Depending on the information that you provide to us on our quote form, we match your profile with a New Jersey insurance professional who can provide you with their best offer on a New Jersey life insurance policy.

Term life insurance from New Jersey life insurance companies usually provides affordable protection, often with a guaranteed premium for a shorter period of time. If the insured should die while the life insurance policy is in effect, the New Jersey life insurance company pays the face amount to the named beneficiary. At the end of the premium guarantee period, the insured can renew the coverage at a higher premium or the insurance will terminate. The premium for term insurance is initially lower than a comparable permanent insurance policy; however, it can increase at each renewal. This initial lower premium usually makes term insurance an ideal choice for individuals with a temporary need for life insurance protection.

What are the benefits of term life insurance?

Provides insurance protection at a low cost

Can exchange your term insurance policy for a permanent New Jersey life insurance policy without a physical (most policies)

A limited-time policy for temporary need for life insurance protection.

Provides supplement coverage

Death benefits are free from income tax, (most policies)

Provides those who have limited funds a large New Jersey life insurance policy.

No way to borrow from policy, so no way to deplete benefits paid to your family

How does term life work?

Term insurance is generally the cheapest and the easiest type of New Jersey life insurance to obtain. It provides insurance protection for a specified period of time at a reduced cost, such as 1, 10 or 20 years. If you die within the term period, a death benefit is paid to your family. If you are still living at the end of the term, protection ceases unless the policy is renewed through your New Jersey life insurance company.

Term life insurance types?

Term to Age 90
This is insurance protection guaranteed to renew each year until the policy owner reaches age 90. The premiums for Term to Age 90 are guaranteed to remain level in years one through ten of the policy. Beginning with the 11th year, premiums increase annually.

20 Year Term
The premiums for a 20-year term policy are guaranteed to remain level for the first 10 years. The premium may increase in the 11th year. Premiums after the first ten years are expected to remain level through and including year 20, but are not guaranteed and can change annually.

5 Year Term
Provides life insurance protection for a period of five years. 5-Year Term can be appropriate when coverage is needed for a well-defined period of time. If the insured were to pass away, insurance proceeds could be used to help pay a mortgage, fund a child's education, or ensure business continuation by helping to cover business expenses.

Increasing Premium Term
This is a temporary life insurance protection at an affordable initial premium. This type of policy is renewable each year, which means you may renew the policy through your New Jersey life insurance company annually without providing evidence of insurability, or proof of your good health. As long as you pay the premium, the New Jersey life insurance policy remains in force.