New Jersey Life Insurance Quotes Company: Whole Life Insurance Quotes

We provide you with free information on whole life insurance, including free quotes. However, we do not provide New Jersey life insurance policies, nor do we provide you with a quote directly. Instead, we match your information with a licensed, New Jersey life insurance professional in your area who is best able to give you a quote that meets your needs.

Whole life can be a solid foundation upon which to build a long-term financial plan because it guarantees lifetime protection for you and your family or business. Whole life insurance protects you for as long as you pay your premiums, from the day you purchase the New Jersey life insurance policy until your death. This type of life insurance available from your New Jersey life insurance agent is also called permanent insurance.

What are the benefits of whole life insurance?

Provides basic New Jersey life insurance protection for you and your family

Provides mortgage protection benefits that can be used to help pay off mortgages

Provides funds to cover other debts in the event of a premature death

Provides funds to cover estate expenses and help avoid the need to sell assets and/or borrow money to cover these expenses

Provides supplemental income (retirement income)

You pay no taxes on any earnings on the policy taken from a New Jersey life insurance agent so long as the policy remains in force

Money can be taken out of the New Jersey life insurance policy without paying taxes on said funds

Permanent life insurance policies can build a cash value; you can borrow against for other needs

How does whole life insurance work?

Generally after a full year, the New Jersey life insurance policy begins to accumulate a cash value. The amount of the cash value usually increases annually. You can usually borrow against your life insurance policy to help purchase a home, fund a child's education, supplement retirement income, or for any other purpose. You may also choose to leave it in the New Jersey life insurance policy and allow it to grow, so that it benefits your family's needs after your death. The New Jersey life insurance policy's cash value may be accessed through policy loans or withdrawals, which will reduce the death benefit.