If you’re searching for life insurance for seniors in New Jersey, you’re not alone. Many older adults or their children stress about shopping for life insurance for seniors. You probably understand just how essential it is to have coverage for final expenses, but you might worry about not getting approved. You might also worry that your life insurance coverage will be expensive.
Luckily, there are options for guaranteed life insurance seniors in New Jersey, including seniors over 80. If you’re ready to start shopping for whole or term life insurance for seniors, we can help you compare quotes with our easy-to-use online tool.
Life Insurance for Seniors in New Jersey: Final Expense Costs
First of all, you should think about how expensive your final expenses will be for your family members. You have to think about funeral expenses, credit debt, your mortgage payoff and any lingering medical bills. For example, these are some of the average costs of funerals for people who live in New Jersey:
- Average Funeral Cost in New Jersey: $7,000 to $14,000
- Average Cremation Cost in New Jersey: $4,000 to $10,000
- Average Cost of Cremation with No Services: $3,000
You probably don’t want your family members to have to shoulder this type of burden when you pass away. Luckily, securing a life insurance policy now will help ensure that all of your final costs are covered.
Life Insurance for Seniors in New Jersey: A Few Statistics
- Average Household Income in New Jersey: $71,637
- Number of Deaths Per Year in New Jersey: 71,403
Top Five Cities in New Jersey:
- Newark: 277,140
- Jersey City: 247,597
- Paterson: 146,199
- Elizabeth: 124,969
- Edison: 102,548
Sample Quotes for Whole Life Insurance for Seniors in New Jersey
These are some of the whole life insurance rates that we recently found for a 62-year-old female who is a New Jersey resident and who does not use tobacco:
- $10,000: $38.02
- $15,000: $55.94
- $25,000: $91.76
Top-Rated Companies Offering Life Insurance for Seniors in New Jersey
We have compiled information from all of the best life insurance companies in New Jersey to help you find a quote. These are some of the companies that we work with:
- Mutual of Omaha
- Globe Life
Whether you want to avoid health questions or not, we can help you find cheap life insurance coverage for Seniors in New Jersey. Enter your information into our tool, and you can find cheap, reliable life insurance and can start your application today. We can even help you get quotes on life insurance for seniors over 80.