Policy types sold in New Jersey
The main kinds of life insurance are sold across the country, though the specific products, age limits and prices in New Jersey depend on which insurers have filed them here.
Who regulates insurance in New Jersey
Life insurers and agents in New Jersey are overseen by the New Jersey Department of Banking and Insurance. You can use it to confirm that an agent or company is licensed, look up complaint records and file a complaint. The National Association of Insurance Commissioners keeps a directory of state insurance departments (opens in a new tab).
Before you buy in New Jersey
- Confirm the agent is licensed in New Jersey.
- Ask about the free-look period. States require insurers to let you cancel a new policy for a refund within a set number of days, and your policy states the exact period.
- Ask whether the premium is fixed and whether the death benefit can ever decrease.
- Ask whether the policy has a waiting period. Here is how graded benefits work.
- Read the policy when it arrives and keep a copy where your beneficiary can find it.
How Get Life Quotes Today works in New Jersey
We are a marketing service, not an insurer or agency. When you call, we route you to a third-party licensed agent who serves New Jersey. If no partner is available for your state at that time, your call may not be connected. What to expect when you call.
Common questions
Who regulates life insurance in New Jersey?
The New Jersey Department of Banking and Insurance. It licenses insurers and agents that do business in New Jersey and handles consumer complaints.
Will the agent I speak with be licensed in New Jersey?
Agents must hold a license for the state where the applicant lives. Ask the agent for their name and license number, and verify it with the New Jersey Department of Banking and Insurance.
Is every type of policy available in New Jersey?
No. Each insurer decides which products to file in each state, so availability, age limits and pricing in New Jersey depend on the insurer.