Life Insurance in NJ

Take care of those who matter most.

For those who want more coverage than their employer may be offering them, or don’t have life insurance through work at all, personal life insurance is worth exploring. A personal life insurance policy will cover you wherever you work or live so you’ll have coverage no matter what.

Term vs. Permanent Coverage

The two main types of individual life insurance are term and permanent life insurance. Both term and permanent coverage have been in hot debate with experts for years. It’s clear that both products have their place, so really, it all depends on you and what you need. We’ll help you determine the right policy based on your circumstances and lifestyle.


Term life insurance has a focus on pure protection, which is an affordable way to purchase coverage for 10-30 years.


Permanent life insurance is a lifetime plan which can be a whole or universal life plan.

Universal Life

Universal life insurance is a type of whole or permanent life insurance. Universal policies are more flexible and tailored to your needs than standard whole life insurance policies.

  • Universal Life – a form of permanent life insurance that will give coverage for your whole life. This product comes with flexibility that you won’t find with a traditional whole life insurance policy.
  • Universal Life and Variable Universal Life – different in that its variable is a form of cash value life insurance and offers both a death benefit and investment feature to those who are covered.
  • Indexed Universal Life – a type of permanent life insurance plan that has a cash value accumulation based on market indexes.

Life Insurance Ownership

About sixty percent of all people in the United States were covered by some type of life insurance in 2018.1

Among those with life insurance, about 1 in 5 say that they do not have enough.2

The Difference In Personal vs. Employer Plans

Employer Plans

With an employer plan, you don’t tend to need many qualifications to get approved as there are many applicants. Once approved, an employer will pay part of your plan on your behalf, making premiums affordable.

If you’re healthy, this will mean that you’re essentially paying higher premiums for other individuals who may have bad health. If you quit or get fired, you may also lose your coverage, and this can be a bad situation to be in if you’re older or not in great health, as you’ll struggle to buy your own individual policy.

Personal Plans

Personal life insurance coverage is owned by you, so it doesn’t matter where you go – you will always have the policy.  Your policy will be tailored to meet your needs, without any limits that may be imposed by a group policy.

An individual policy may cost the same or more than a group plan due to what your employer is contributing. Shopping around will definitely make a personal plan far more affordable for you, and provide exactly what you need.  We can help you find the right plan for your unique situation.

Although employer plans can be a great benefit, it’s definitely worth looking into your own personal life insurance plan on the side, as you never know what’s around the corner.

Smart Move

Central Jersey Insurance Associates are here to help if you need advice on a personal life insurance policy. A personal life insurance policy is definitely a smart move, but you need to be sure you have the right coverage and aren’t paying too much.

Contact us today for more information on the right policy for you!

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