Life Insurance in New Jersey
If you have a family, or people depending on you, you constantly worry about their well-being. Your death can have a devastating financial impact on your dependents. For a peace of mind, it's advisable to protect them with life insurance which will help ease the financial burden in the hard period after your passing. At Dirus & Sons of New Jersey, we offer various types of life insurance. The following are some of life insurance policies we offer.
Whole Life Insurance
This provides permanent protection as well as an investment component. It requires the policyholder to pay premium throughout their life. It has level premiums and part accrues as cash value. One can ask for a loan from his/her cash value. The loan is tax-free.
Term Life Insurance
Term life insurance is valid for a specific period of time. At the end of each term, it can be renewed. There are two types of term insurance; decreasing term insurance where death benefits decrease annually and premiums remain the same, while in level term insurance death benefits and premiums remain the same.
Universal Life Insurance
It's similar to whole life insurance but flexible. In this policy, premiums can be decreased, increased, deferred, or the cash value withdrawn. Its cash value is also tax-free.
Variable Life Insurance
This policy offers you with a constant premium that can be invested in stocks, money-based investments or bonds. The performance of the investments you choose affects both the cash value and death benefits.
When purchasing life insurance, it's wise to approach a reputable independent insurance agency with experienced agents. At Dirus & Sons in Neptune, NJ, we will help you understand different forms of life insurance to help you acquire one that fits your lifestyle. Our agents are experienced with excellent customer care skills. Call or visit our offices in Neptune, NJ and it will be our pleasure to serve you. We care about our New Jersey clients and their loved ones.