Long Term Care
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Annuity/Pension/Lifetime Income
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Mortgage Insurance
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If you are looking for a professional life insurance consultation in Monmouth County, NJ, contact our friendly offices at Morgan Financial Service. Our team of dedicated life insurance agents are highly knowledgeable about all of the policies we hold and will be happy to help you figure out which policy will work best for you.
Life Insurance
Life insurance is a crucial investment if you want your family and dependents to be able to avoid financial difficulty after your passing.
While no amount of money can fully compensate for the loss of a loved one, life insurance can ease your family’s financial burden if you pass away unexpectedly. Morgan Financial Service is dedicated to finding you the life insurance policy that will fit your needs at a price that you and your family can afford.
Life insurance is a preventative measure, so it can be hard to determine the costs for a situation that may never happen. We’ll help you ascertain your financial needs and then find the perfect policy for your unique situation. We offer access to a variety of insurance carriers who offer a wide range of low-cost life insurance. If the worst should happen, you can rest assured that your family will be provided for.
At Morgan Financial Service we understand that your family means everything to you and you want them to be taken care of no matter what. We work hard to protect you and your family under our provisions. We will help you find the right policy for you in no time at all.
If you want to learn more about the many different types of insurance we carry for your protection, please feel free to contact our team when you are ready. You can find more ways to contact us via our helpful contact page or you can read on to learn more about our life insurance policies.
Life Insurance
Life Insurance Quote Forms
Life Insurance Information
Life Insurance in New Jersey
Common Life Insurance Questions
How Does Life Insurance Work?
What is Whole Life Insurance vs. Term Life Insurance?
- Term Life Insurance: A term life policy provides a death benefit to your loved ones if you die during the policy’s term. This term might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, then the policy does not pay. You will also have to reapply for a new policy if you want to continue to have coverage.
- Whole Life Insurance: Whole life policies last for the remainder of your life once you enroll. They will not expire unless you stop paying for them. Additionally, these plans offer cash value investment opportunities, and the cash value component can enable you to receive a source of income during your lifetime (in addition to the eventual death benefit).
Several more specific policies also exist, including:
- Universal Life Insurance
- Final Expense Insurance
- Group Life Insurance
- Individual Life Insurance
- Key Person (Key Men) Insurance
- Long-Term Care Insurance
- Mortgage Protection Insurance
- Second-To-Die Policy
How Much Life Insurance Do I Need?
- If you want a policy to help pay for a child’s college education, then a 20-year term policy might be best for you. You can let the policy terminate at the end of the term, but you can rest assured that if you do die before your child graduates college, this policy will pay for their tuition and other expenses.
- Many people tie the value of their life insurance policies to the value of their debts—mortgages, car payments, etc. If you die while these debts are outstanding, then your beneficiary can use the money to settle expenses.
- Some people tie the benefit to their income and leave a certain number of years’ worth of their paycheck to their survivors. So, if you were to take your current paycheck and multiply it by ten, then your death benefit will provide ten years’ worth of income to your family.