Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites.

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UPDATED: Oct 30, 2020

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Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

We offer New Jersey residents life insurance from several of the best NJ life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so expect your New Jersey life insurance rates to vary.

However, this guide should help you understand the differences in New Jersey life insurance as well as find resources in your state. We’ll also show you how to get the best life insurance in New Jersey.

Before we dive into this guide, find affordable New Jersey life insurance rates by clicking on our FREE quote tool above. Get started now.

Table of Contents

New Jersey Life Insurance Quotes

We offer New Jersey residents life insurance from several A-rated life insurance companies. Life insurance is very similar from state to state, with a few exceptions. This guide should help you understand the differences as well as find resources in your state.

Policy Cost – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies then approved by the State Insurance Department.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

New Jersey life insurance also offers residents a 10-day free look period, a 30-day grace period, and a timely payment of death benefits. 

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Life Insurance Rates in New Jersey

To give you an idea of what New Jersey life insurance rates look like, check out the chart below to see what the top companies charge based on non-smoking status, age, marital status, and gender. Keep in mind that your New Jersey life insurance quotes may be different, depending on demographics, occupation, habits, and family medical history as well as which New Jersey life insurance policy you choose and New Jersey life insurance laws.

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In this next chart, you can also see how many New Jersey life insurance companies there are in comparison to other northeastern states.

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Note that New Jersey only has three life insurance companies that operate specifically in the state, but that doesn’t mean affordable life insurance rates in New Jersey are hard to come by. You can still access the best life insurance in New Jersey with our free quote tool on this page.

New Jersey Guaranty Association

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance and annuities in the state. If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

In New Jersey, a life insurance policy is protected up to $500,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.

You may also ask: Who regulates insurance companies in New Jersey? Department of Banking and Insurance does.

New Jersey Life Insurance Contacts

Here is a list of all the necessary state contacts for residents with New Jersey life insurance claims and other related matters.

Guaranty Association

If you need information about a New Jersey life insurance or health insurance guaranty, contact the New Jersey Life & Health Insurance Guaranty Association at 1-732-345-5200 or visit the website.

Insurance Department

For the latest updates from the New Jersey Department of Banking & Insurance, you can call the State of New Jersey phone number at 1-800-446-7467 or visit the website. Here, at the official New Jersey Department of Insurance, you can inquire about all things NJ life insurance.

You can also obtain access through the NJ insurance license lookup or the NJDOBI license search for any provider. The New Jersey Department of Insurance will also have information on which providers have not satisfied their NJ insurance license renewal requirements.

Legal Info

QuickQuote is licensed to sell life insurance in New Jersey under Agency License Number 9828110.

The licensed company principal is Tim Bain, Agent License Number 0190638.

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New Jersey Life Insurance Companies

American General Life Insurance Company

Banner Life Insurance Company

Fidelity Life Association

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Metlife Life Insurance Company

North American Company for Life & Health Insurance

Pacific Life & Annuity Company

Principal Life Insurance Company

Protective Life Insurance Company

Pruco Life Insurance Company (Prudential)

Sagicor Life Insurance Company

The Savings Bank Life Insurance Company of Massachusetts (SBLI)

Transamerica Life Insurance Company

United of Omaha Life Insurance Company

Don’t wait — Use our free quote tool to get affordable life insurance rates in New Jersey. Get started now.