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2024

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Best Life Insurance Companies in Edison, NJ

Our Recommended Top 7

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Edison Life Insurance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

4555Reviewed

2735Curated

7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

893 King Georges Post Road, Edison, NJ 08837
WebsiteLicense: 1584006

Expertise.com Rating

Review Sources

Google
4.0 (132)
Facebook
5.0 (7)
Yelp
2.0 (3)

Why choose this provider?

Gilma Escobar is an insurance agent with State Farm, catering to clients in the Edison area. She offers universal, term, and whole life insurance options, Medicare supplemental plans, and coverage for pets, health, and disabilities. Furthermore, risk management solutions for personal articles, real estate, businesses, and commercial properties are available. She and her team can provide financial services related to annuities, banking, and mutual funds. Escobar's agency can communicate through English, Spanish, Hindi, Gujarati, and Urdu.

  • Life Insurance
  • Health Insurance

379 Thornall Street, Edison, NJ 08830
WebsiteLicense: 1685887

Expertise.com Rating

Review Sources

Facebook
5.0 (5)
Google
5.0 (2)

Why choose this provider?

Carmelo G. La Marca is an insurance professional with New York Life Insurance Company who serves residents and businesses in Edison. He provides a range of risk management solutions, including whole and term life insurance, annuities, and long-term care coverage. Additionally, he offers securities products, investments, and services. He is currently serving as a volunteer firefighter with the Adelphia Fire Company. Carmelo speaks English, Spanish, and Italian.

  • Life Insurance
  • Health Insurance

446 New Brunswick Avenue, Woodbridge Township, NJ 08863
WebsiteLicense: 1042950

Expertise.com Rating

Review Sources

Google
4.0 (49)
Facebook
5.0 (18)

Why choose this provider?

Five Star Insurance Agency, LLC, is a locally owned and operated business that has been serving the Edison community since 1984. It offers life insurance policies to help individuals save their families from financial struggles after their death. Its team helps clients determine the type of coverage they need through its partnership with multiple insurance carriers that produce tailored solutions. Aside from providing insurance solutions, the agency also specializes in income tax preparation. Its founder, Dennis Fitzpatrick, has more than 30 years of experience in tax and insurance.

  • Life Insurance
  • Health Insurance

50 Paterson Street, New Brunswick, NJ 08901
WebsiteLicense: 8051907

Expertise.com Rating

Review Sources

Google
4.0 (21)
Facebook
4.0 (10)

Why choose this provider?

Barrood Agency Inc. is a full-service insurance agency that has been writing life insurance policies since 1940. It works with individuals in Edison to help ensure their families and dependents are financially secure even if they pass away. The firm's agents advise policyholders on what type of coverage they need, depending on their situations and income. Barrood Agency Inc. partners with several insurance companies in order to provide a wide selection of options. Additionally, it can also accommodate Spanish-speaking clients.

  • Life Insurance
  • Health Insurance

1941 Oak Tree Road, Edison, NJ 08820
WebsiteLicense: 9467348

Expertise.com Rating

Review Sources

Google
5.0 (8)
Yelp
5.0 (1)

Why choose this provider?

Jodi Schoenlank is an insurance agent with State Farm since 1994, serving clients in the Edison area. She offers term, whole, and universal life insurance policies, as well as health and pet insurance. Additionally, her office provides risk management solutions for personal properties, such as auto, homes, apartments, jewelry, and sports equipment. Business insurance, commercial policies, and workers' compensation are likewise available. Jodi is a State Farm Ambassador Travel, Legion of Honor, and Bronze Tablet qualifier.

  • Life Insurance

811 Amboy Avenue, Edison, NJ 08837
WebsiteLicense: 9830635

Expertise.com Rating

Review Sources

Google
4.3 (6)
Yelp
2.0 (1)

Why choose this provider?

Fraser Brothers Kennedy & Ward Delaurier Insurance Agencies is an independent company that has been serving individuals, families, and businesses in Edison for more than 100 years. It offers health, life, auto, and business insurance. It provides commercial and personal lines coverage, including flood, umbrella, liquor liability, and renters' insurance. The agents from the company deliver personalized services. In addition, they work with several selected carriers, such as Berkshire Hathaway GUARD, AmTrust Financial, and American Collectors Insurance.

  • Life Insurance

400 New Durham Road, Metuchen, NJ 08840
WebsiteLicense: 9020279

Expertise.com Rating

Review Sources

Facebook
5.0 (7)
Google
5.0 (6)

Why choose this provider?

Lubowicki Insurance Agency, Inc., is a family-run independent insurance firm serving clients in Edison and across New Jersey. It offers individual life insurance plans with term, universal, and whole life options. Other personal lines include home, condo, auto, and flood insurance plans. The firm also provides policies for businesses. These include business owner’s insurance, general liability, and workers’ compensation. Lubowicki Insurance Agency works in partnership with Beyond Insurance Global Network. President Ed Lubowicki is an Accredited Cyber Risk Professional.

  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Gilma Escobar
893 King Georges Post Road, Edison, NJ 08837
Carmelo G. La Marca
379 Thornall Street, Edison, NJ 08830
Five Star Insurance Agency, LLC
446 New Brunswick Avenue, Woodbridge Township, NJ 08863
Barrood Agency Inc.
50 Paterson Street, New Brunswick, NJ 08901
Jodi Schoenlank
1941 Oak Tree Road, Edison, NJ 08820
Fraser Brothers Kennedy & Ward Delaurier Insurance Agencies
811 Amboy Avenue, Edison, NJ 08837
Lubowicki Insurance Agency, Inc.
400 New Durham Road, Metuchen, NJ 08840

FAQs

  • Can you secure a mortgage in Edison using your life insurance policy as collateral?

    You could use your life insurance policy as collateral for a mortgage loan through a method called collateral assignment of life insurance. First, you need to find a lender in Edison willing to do this and check whether you can use your existing life policy or take out a new one. If you pass away before paying off the loan, the lender can use the money from your life insurance policy's death benefit to cover the remaining loan balance.

  • Can you only receive a lump payment from your life insurance claim in Edison?

    Other ways to receive your life insurance payout aside from the lump sum are to receive installments over time, opt for the interest option with only interest paid initially, or select a fixed-period option where both principal and interest are paid for a specified period. There's also the fixed-amount option, which shells out a regular amount until it's exhausted, and the increasing benefit, where payments rise yearly. Finally, the life income option offers payouts for your entire life in Edison.

  • Can the beneficiaries of a life insurance policy in Edison utilize their payout for any reason?

    The beneficiaries may utilize their life insurance payout in Edison for any reason. They can use it to make up for lost income, settle debts, cover college costs, pay for funeral costs, or achieve other financial objectives. In general, life insurance payouts are not subject to income tax, but this also depends on the type of insurance.

  • Does borrowing from your life insurance plan in Edison come with any risks?

    Borrowing from your life insurance in Edison may lower the policy's cash value and death benefit if you are unable to repay the loan in full. Additionally, if you pass away with an outstanding loan, your beneficiaries may not receive the full amount of your death benefit.

  • What is the repayment process for the loan that you took out of your life insurance policy in Edison?

    Generally, you can pay back the loan in monthly installments or all at once. To prevent potential harm to the cash value and death benefit of your insurance, early repayment is necessary. The procedure for repaying a loan from your life insurance coverage in Edison varies based on your contract and insurance provider.

  • Which is better, term or whole life insurance?

    Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

  • How much life insurance do I need?

    A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

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