life insurance information for New Jersey families

New Jersey Families at Risk

Numbers provided by LIMRA International:

28% of wives have no life insurance at all

Wives have an average of $147,800 of life insurance coverage

15% of husbands have no life insurance at all

Husbands have an average of $235,600 of life insurance coverage

The typical married couple would need to double its current coverage to meet the expert recommendation of having enough life insurance to replace income for 7 to 10 years.

Many People in New Jersey Turn to Premium Financing for Life Insurance

Insurance can be a very intelligent purchase, but it can also be costly. Out of convenience or economic necessity, many people form New Jersey finance their insurance premium. Before you decide to finance an insurance policy, you should understand how the process works. It is also important to compare costs, just as you would with any purchase. Even slight differences in the terms of the premium financing agreement can make a big difference to your financial bottom line.