Best Life Insurance in New Jersey (May 2024)


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Banner image
ByMark Fitzpatrick
Edited byJlyne Ubina
ByMark Fitzpatrick
Edited byJlyne Ubina

Updated: June 21, 2024

Advertising & Editorial Disclosure

For women seeking life insurance, Protective is at the top with a MoneyGeek score of 96 and a monthly premium cost of $10. On the other hand, men's top choice is Nationwide, also garnering a near-perfect MoneyGeek score of 97 and a monthly premium of $13.

When choosing life insurance, consider the policy's fit for your unique needs, the company's reliability, premium costs and coverage benefits.

Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in New Jersey.

recency icon

Coverage costs and company information for life insurance providers were updated in May 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes

Best Life Insurance in New Jersey: Summary

Data filtered by:Results filtered by:
Category:
Category:Best Life Insurance Overall
Gender:
Gender:M
NationwideRank1MoneyGeek Score97
GEICORank2MoneyGeek Score96
ProtectiveRank3MoneyGeek Score96
Mutual of OmahaRank4MoneyGeek Score95
TransamericaRank5MoneyGeek Score93

Overall Best Life Insurance in New Jersey

How was this MoneyGeek score calculated?

Nationwide stands out as the premier life insurance provider in New Jersey, offering the highest MoneyGeek score of 97 for men with a monthly premium of $13, and an impressive score of 95 for women, also at a monthly premium of $13.

  • Nationwide: MoneyGeek score of 97 out of 100 ($13 per month for men and women)
  • GEICO: MoneyGeek score of 96 out of 100 ($11 per month for men and women)
  • Protective: MoneyGeek score of 96 out of 100 ($11 per month for men and $10 for women)

Overall Best for Men: Nationwide

COMPANY HIGHLIGHTS

Nationwide, with an impressive MoneyGeek score of 97 and a monthly premium cost of $13, stands out as the leading choice for the best life insurance in New Jersey for men.

Pros:

  • High customer satisfaction
  • Affordable
  • Diverse product offerings

Overall Best for Women: Protective

COMPANY HIGHLIGHTS

Protective stands as the top choice for the best life insurance in New Jersey for women, earning the highest MoneyGeek score of 95 with a monthly premium of $10.

Pros:

  • High customer satisfaction
  • Outstanding affordability
  • Solid financial stability

Cons:

  • Limited product diversity
  • Buying process not rated as highly as other aspects

Best Term Life Insurance in New Jersey

How was this MoneyGeek score calculated?

Mutual of Omaha has the distinction of offering the best term life insurance in New Jersey for men, earning a MoneyGeek score of 97 and a monthly premium of $9. For women, Nationwide takes the top spot with a MoneyGeek score of 97 and a monthly premium of $10.

The top three highest MoneyGeek scores are:

  • Mutual of Omaha: MoneyGeek score of 97 out of 100 ($9 per month for men and $8 for women)
  • Nationwide: MoneyGeek score of 97 out of 100 ($12 per month for men and $10 for women)
  • GEICO: MoneyGeek score of 96 out of 100 ($10 per month for men and women)

Best Term Life: Mutual of Omaha

COMPANY HIGHLIGHTS

Mutual of Omaha is the leading provider when it comes to the best term life insurance in New Jersey for both men and women, earning a remarkable MoneyGeek score of 97.

Pros:

  • High customer satisfaction
  • Exceptional affordability
  • Impressive product diversity

Best Whole Life Insurance in New Jersey

How was this MoneyGeek score calculated?

State Farm has the distinction of offering the best whole life insurance in New Jersey for both men and women, earning a MoneyGeek score of 99.

Top providers and their MoneyGeek scores include:

  • State Farm: MoneyGeek score of 99 out of 100
  • Nationwide: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 96 out of 100

When looking for the best whole life insurance options, it's imperative to choose a company that aligns with your financial aspirations.

Best Whole Life: State Farm

COMPANY HIGHLIGHTS

State Farm stands out as the premier provider of whole life insurance in New Jersey for both men and women, with an excellent MoneyGeek score of 99.

Pros:

  • High customer satisfaction
  • Extensive product options to fit diverse needs
  • Strong financial stability

Cons:

  • Premiums may be less competitive
  • The buying process is good but not outstanding
Loading...

Best Universal Life Insurance in New Jersey

How was this MoneyGeek score calculated?

Nationwide offers the best universal life insurance in New Jersey for both men and women, with an impressive MoneyGeek score of 99.

Top-rated insurers for the best universal life insurance in New Jersey include:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best Universal Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide is the top choice for universal life insurance in New Jersey for both men and women, earning the highest MoneyGeek score of 99.

Pros:

  • High customer satisfaction
  • Competitive affordability
  • Diverse product offerings

Best No-Medical-Exam Life Insurance in New Jersey

How was this MoneyGeek score calculated?

Nationwide stands out as the top provider of the best no-medical-exam life insurance in New Jersey for both men and women. The company garnered a MoneyGeek score of 99.

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 99 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best for No-Medical-Exam: Nationwide

COMPANY HIGHLIGHTS

As the top performer in the no-medical-exam life insurance sector in New Jersey, Nationwide leads with a comprehensive offering tailored for both men and women. Nationwide's exceptional MoneyGeek score of 99 out of 100 solidifies it as the premier choice in the state.

Pros:

  • High levels of customer satisfaction
  • Favorable affordability for customers
  • Diverse range of insurance products

How Much Life Insurance Do You Need?

Answer three simple questions to get your recommended coverage amount.

Incognito iconYour information is anonymous and secure
Income icon
Saving icon
debt icon

Best Term Life Insurance for Seniors in New Jersey

How was this MoneyGeek score calculated?

Nationwide stands out as the top provider of the best term life insurance for seniors in New Jersey, with the highest MoneyGeek scores for both men and women.

For men, Nationwide has a MoneyGeek score of 97, with a monthly premium of $48, and for women, the score is equally impressive at 97, with a slightly lower monthly premium of $42.

Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$48MoneyGeek Score97
Mutual of OmahaRank2Monthly Premium$42MoneyGeek Score97
GEICORank3Monthly Premium$47MoneyGeek Score95
ProtectiveRank4Monthly Premium$45MoneyGeek Score95
PrudentialRank5Monthly Premium$48MoneyGeek Score94

Best Term Life Insurance for Smokers in New Jersey

How was this MoneyGeek score calculated?

Mutual of Omaha stands out as the best term life insurance for smokers in New Jersey, scoring the highest MoneyGeek score for both men and women. For men, Mutual of Omaha boasts a score of 97 and a monthly premium of $41, while for women, it achieves a score of 96 with a monthly premium of $37.

A key factor in the company's leading scores is its perfect blend of affordability, customer satisfaction and stability — major contributors to the overall MoneyGeek score.

Data filtered by:Results filtered by:
Sex:
Sex:M
Mutual of OmahaRank1Monthly Premium$41MoneyGeek Score97
GEICORank2Monthly Premium$42MoneyGeek Score96
PrudentialRank3Monthly Premium$41MoneyGeek Score95
NationwideRank4Monthly Premium$58MoneyGeek Score95
AllstateRank5Monthly Premium$40MoneyGeek Score94

Best Term Life Insurance for Young Adults in New Jersey

How was this MoneyGeek score calculated?

Nationwide stands out as the top provider offering the best term life insurance for young adults in New Jersey, with the highest MoneyGeek score of 98 for both men and women. Its monthly premium costs are impressively affordable at $8 for men and $7 for women.

Nationwide's high marks in customer satisfaction and affordability are significant contributors to its leading MoneyGeek score.

Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$8MoneyGeek Score98
Mutual of OmahaRank2Monthly Premium$6MoneyGeek Score97
State FarmRank3Monthly Premium$12MoneyGeek Score97
GEICORank4Monthly Premium$6MoneyGeek Score97
ProtectiveRank5Monthly Premium$6MoneyGeek Score96

Best Cheap Term Life Insurance in New Jersey

How was this MoneyGeek score calculated?

Mutual of Omaha offers the best cheap term life insurance in New Jersey, with a MoneyGeek score of 98 for men and women. The monthly premium costs are approximately $9 for men and $8 for women.

Mutual of Omaha stands out in the industry due to its superior performance in key factors that contribute to the MoneyGeek score.

Data filtered by:Results filtered by:
Gender:
Gender:M
Mutual of OmahaMonthly Premium$9MoneyGeek Score98
GEICOMonthly Premium$10MoneyGeek Score96
ProtectiveMonthly Premium$9MoneyGeek Score96
NationwideMonthly Premium$12MoneyGeek Score96
TransamericaMonthly Premium$11MoneyGeek Score95

Average Cost of Term Life Insurance in New Jersey

The average cost of monthly premiums for life insurance in New Jersey stands at $45 for women and $55 for men. Such premiums vary due to factors like age, health, occupation and lifestyle habits.

Other elements impacting the average cost of life insurance include the coverage amount and term length.

FAQ: Life Insurance in New Jersey

What is the best life insurance in New Jersey for men?
How much is life insurance in New Jersey for men?
What is the best life insurance in New Jersey for women?
How much is life insurance in New Jersey for women?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


sources
  • New Jersey Department of Banking and Insurance. "Life Insurance." Accessed August 30, 2021.