Life & Health
At ADP Statewide Insurance our team is happy to go far beyond being simple New Jersey insurance agents—we aim to be the insurance leaders you trust to protect what truly matters most—your life.
From providing you with reliable New Jersey car insurance, home and business coverage, we are anxiously awaiting the chance to take it to the next level by insuring your most valuable commodity, your life.
We know that finding the right New Jersey life insurance policy can be overwhelming at times, but we’re here to help. From weighing the pros and cons of term life insurance versus whole, universal and variable and beyond—it’s easy to get confused with all of the options that are out there.
That’s exactly why we at ADP Statewide Insurance want to be more than just your insurance provider, we want to be your trusted coverage ally and friend. We’ll help you navigate your way through one of the most crucial decisions you will ever have to make in your lifetime. This isn’t a job that we take lightly. We’ll work hard to provide you with a tailored New Jersey life insurance plan that you can rely on.
Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seems like it could go on forever. Our mission at ADP Statewide Insurance is to help you determine which New Jersey life insurance policy type is right for you! Our dedicated team of life insurance experts understands New Jersey’s market and regulations and can find the right plan – or mixture of options – that fit your individual needs. Not only are we experts when it comes to New Jersey life insurance, we’re also South Carolina life insurance experts. Whether you’re looking for a New Jersey life insurance policy or a South Carolina life insurance policy, we’ve got you covered.
Term Life Insurance Basics:
- Coverage for a “term” or period of your life.
- Lower premiums for higher coverage.
- Rates can change after specific terms expire.
- No equity – cannot be used as cash value.
Whole Life Insurance Basics:
- Exactly like it says – permanent, not for a specific period.
- Protection carries with you your whole life.
- Can build equity and have cash value. Higher premiums than term life, but can be more valuable in the long run.
- Build lifelong base of whole live coverage.
- Supplement specific times of your life with term insurance.
Term and Whole Life Combined:
When to choose term life?
Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it may make more sense to have a term life policy that covers the mortgage and living requirements until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When to choose whole life?
Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Often times whole life policies will pay dividends - although not always.
With a variety of alternatives and policy possibilities it’s understandable that you may feel a bit anxious. But remember, life insurance is all about you, and you are certainly worth insuring!
Give us a call and let one of our expert life insurance specialists get you started on the right path. Contact ADP Statewide Insurance for more information and get a free New Jersey life insurance or a free South Carolina life insurance quote today! We also have a number of New Jersey Health Insurance plans available, as well!
