Best Life Insurance in Newark, NJ (October 2024)


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Protective is the best life insurance company in Newark, New Jersey, for both men and women. The MoneyGeek score for both men and women is 92 out of 100, with an average monthly premium of $37 for men and $29 for women.

Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $500,000 coverage. Your unique needs may mean a different company is best for you.

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 Newark, New Jersey.

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

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsuranceNewark, NJ
2024

Best Life Insurance Companies in Newark

Overall Best Life Insurance in Newark, NJ

How was this MoneyGeek score calculated?

In Newark, Protective offers the best life insurance for both men and women, with a MoneyGeek score of 92 out of 100 and an average monthly premium of $16 for men and $13 for women.

Top providers for men:

  • Protective: MoneyGeek score of 92 out of 100 at $16 per month for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $19 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $13 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $16 per month for women

Protective stands out due to its high customer satisfaction scores and competitive monthly premiums. It is a reliable choice for those looking to purchase life insurance in Newark.

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MoneyGeek Top Pick
Protective

In Newark, Protective stands out as the premier choice for life insurance for men and women with an impressive MoneyGeek score of 92. Monthly premiums are set at an average of $13 for women and $16 for men. Protective's commitment to excellence is reflected in its top rankings and competitive pricing, making it a go-to for life insurance needs in the area.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Buying process needs improvement

Best Term Life Insurance in Newark, NJ

How was this MoneyGeek score calculated?

The best term life insurance in Newark for men and women is offered by Protective, with the same MoneyGeek score of 92.

The top term life insurance companies for men are:

  • Protective: MoneyGeek score of 92 out of 100 at $8 per month for men
  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $8 per month for men

The top term life insurance companies for women are:

  • Protective: MoneyGeek score of 92 out of 100 at $7 per month for women
  • Mutual of Omaha: MoneyGeek score of 92 out of 100 at $7 per month for women

Term life insurance is a policy that provides for a specific term length at a fixed premium. It's a safety net often chosen for its simplicity and affordability. For example, a parent might choose term insurance to ensure financial stability for their children until they become adults.

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MoneyGeek Top Pick
Protective

Protective is the premier choice for term life insurance in Newark for men and women, with a MoneyGeek score of 92. The score reflects a strong balance of cost and quality, with a monthly average premium of $7 for excellent health in the 31-40 age group.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Newark, NJ

How was this MoneyGeek score calculated?

In Newark, the best whole life insurance is Protective, with a MoneyGeek score of 92 for both men and women. Protective's high rank in affordability, customer satisfaction and financial stability makes it an optimal choice for comprehensive coverage and reliable service.

Top whole life companies for men and women in Newark:

  • Protective: MoneyGeek score of 92 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men and women

Whole life insurance provides lifelong coverage and includes an investment component that can grow over time. Someone may choose whole life insurance to ensure their family's financial stability while building cash value that can be borrowed against in the future.

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MoneyGeek Top Pick
Protective

Protective offers premier whole life insurance in Newark for both men and women. Its MoneyGeek score of 92 reflects the company's commitment to delivering exceptional value and service.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Less diverse product options
  • Room for improvement in buying process

Compare Life Insurance Rates

Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.

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Best Universal Life Insurance in Newark, NJ

How was this MoneyGeek score calculated?

Protective is the best universal life insurance for both men and women in Newark. It's a solid choice for those seeking affordability, customer satisfaction, financial stability and reliable coverage.

Best universal life insurance for men and women:

  • Protective: MoneyGeek score of 91 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Universal life insurance offers flexibility in premiums and benefits for those seeking long-term financial planning tools. An individual might choose this life insurance for its potential cash value growth, which can be an additional resource for retirement or other financial goals.

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MoneyGeek Top Pick
Protective

Protective is the best universal life insurance provider for both men and women. Its MoneyGeek score of 91 is due to its commitment to customer satisfaction and affordability.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Strong financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in Newark, NJ

How was this MoneyGeek score calculated?

When it comes to the best life insurance with no mandatory medical exam in Newark, Protective stands out for both men and women, with a MoneyGeek score of 91.

Best no-medical-exam life insurance for men and women:

  • Protective: MoneyGeek score of 91 out of 100 for men and women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men and women

Life insurance that does not require a medical exam is a convenient option for those who prefer a quicker and less invasive process. For example, someone with a busy schedule or a fear of needles might opt for this type of policy.

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MoneyGeek Top Pick
Protective

Protective is the best choice for no-medical-exam life insurance in Newark for men and women, with a MoneyGeek score of 91. Its affordable coverage and commitment to customer satisfaction make it a reliable option.

Pros:

  • High customer satisfaction
  • Excellent affordability
  • Solid financial stability

Cons:

  • Buying process could improve

How Much Life Insurance Do You Need?

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Best Term Life Insurance for Seniors in Newark, NJ

How was this MoneyGeek score calculated?

The best term life insurance for seniors in Newark is Mutual of Omaha, with a MoneyGeek score of 92 for men and 91 for women and average monthly premiums of $36 and $31, respectively.

Age is a determining factor in life insurance premiums, with costs typically rising due to increased health risks as policyholders grow older. Mutual of Omaha's top scores reflect its balance of affordability, customer satisfaction and financial stability.

Best Term Life Insurance for Seniors in Newark
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$3692
2Protective$3891
3Nationwide$4190
4AAA$4788
5Transamerica$4087
6Prudential$4187
7Allstate$5286
8Haven$4585
9State Farm$6884

Best Term Life Insurance for Smokers in Newark, NJ

How was this MoneyGeek score calculated?

Mutual of Omaha is the leading provider of the best term life insurance for smokers in Newark, with a MoneyGeek score of 92 for men and 90 for women. Its monthly premiums are $36 for men and $31 for women on average.

Smokers face higher premiums due to the increased health risks associated with tobacco use. For those in Newark, Mutual of Omaha provides a strong option for life insurance coverage that accommodates the specific needs of smokers.

Best Term Life Insurance for Smokers in Newark
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$3691
2Allstate$3489
3Protective$5988
4AAA$4388
5Transamerica$3688
6Nationwide$4988
7Prudential$3587
8State Farm$5585
9Haven$6482

Best Term Life Insurance for Young Adults in Newark, NJ

How was this MoneyGeek score calculated?

The best term life insurance for young adults in Newark is offered by Protective, with a MoneyGeek score of 92 and average monthly premiums of $4 for women and $5 for men.

Age is crucial in determining life insurance premiums, with younger adults typically benefiting from lower costs. Choosing the best term life insurance is essential for securing financial protection at a reasonable cost, and Protective is a top choice for young adults seeking reliable and cost-effective insurance.

Best Term Life Insurance for Young Adults in Newark
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$592
2Mutual of Omaha$592
3Nationwide$690
4AAA$689
5Transamerica$688
6Allstate$888
7State Farm$1087
8Prudential$887
9Haven$886
10Bestow$2883

Best Cheap Term Life Insurance in Newark, NJ

How was this MoneyGeek score calculated?

Those seeking the best cheap term life insurance in Newark can choose Protective. It earned a MoneyGeek score of 92 and offers average monthly premiums of $7 for women and $8 for men.

Age, health, coverage amount and term length are a few factors that influence the cost of life insurance premiums. To secure low premiums, maintain a healthy lifestyle, avoid tobacco and choose a term length that fits your needs.

Best Cheap Term Life Insurance in Newark
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$892
2Mutual of Omaha$892
3Nationwide$1090
4Transamerica$989
5AAA$1089
6Allstate$1385
7Prudential$1285
8Haven$1285
9State Farm$1782

Average Cost of Term Life Insurance in Newark, NJ

The average monthly premiums for term life insurance in Newark is $14 for women and $17 for men, but they can vary based on individual circumstances.

Key influences affecting life insurance premiums' cost include age, health, lifestyle and occupation. For instance, younger and healthier individuals typically pay lower premiums, while those with risky occupations or lifestyles may face higher costs.

The cost of life insurance in Newark might be higher or lower compared to the rest of New Jersey due to several local factors, such as health statistics, crime rates and economic conditions. Areas with higher crime rates or poorer health outcomes may see higher premiums, but strong local economies help keep costs down.

Understand the local context and consider personal circumstances to navigate the life insurance market better.

FAQ About Life Insurance in Newark, NJ

What company has the best life insurance in Newark for men?
What is the monthly premium cost for the best life insurance for men in Newark?
What company has the best life insurance in Newark for women?
What is the monthly premium cost for the best life insurance for women in Newark?
Is there anything different about life insurance in Newark compared to the rest of New Jersey?
What happens to your life insurance if a company goes bankrupt in Newark?
Why might Newark residents need life insurance?
How do you find a lost life insurance policy in Newark?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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