Life Insurance Options for New Jersey Residents

Do you want to save your loved ones from financial hurdles upon your unexpected demise? If yes, consider life insurance from Marino Agency Inc. Life insurance is a financial tool that cushions your family and loved ones in Mt. Ephraim, NJ, when you pass away. Besides, life insurance is ideal if you have debts, own a business, or are a stay-at-home parent.

As you can see, life insurance is a worthwhile investment to protect the things that matter most in life.   However, to note is that life insurance comes with different options to enable you to choose a plan that meets your financial objectives. Here are different life insurance options available. 

  • Term life insurance: It’s a policy specified for a given period or duration, probably between 10 or 30 years. It does not have cash value as whole life insurance. It’s designed to accord your beneficiaries a death benefit if your death occurs when your policy is active.
  • Whole life or permanent life insurance: It’s tailored to cover the policyholder for an entire lifetime — it doesn’t expire as long as you pay premiums. Whole life insurance not only protects your beneficiaries when you die, but it accumulates cash value that you can use to supplement your income when alive.
  • Universal life insurance: This coverage accumulates a cash value, just like whole life insurance. Your premiums are destined towards the cash value as well as a death benefit. You can adjust the death benefits and premium within this policy without getting a new policy.
  • Variable universal insurance: The policy bearer is at liberty to invest the policy’s cash value to generate greater returns. Also, this policy allows flexible payment of premiums.

Are you a Mt. Ephraim, NJ resident shopping for a life insurance plan to protect what matters most in life? If yes, please visit our dedicated agents at Marino Agency Inc. today to get coverage that fits in your financial plan.