Updated: November 22, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in Elizabeth, New Jersey, for both men and women. The MoneyGeek score for men is 91 out of 100, with an average monthly premium of $37, while the score is 92 for women, with an average premium of $29.
Different factors influence life insurance decisions, so 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 Elizabeth, New Jersey.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceElizabeth, NJBest Life Insurance Companies in Elizabeth
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Protective offers the best life insurance in Elizabeth for both men and women, with a MoneyGeek score of 91 for men and 92 for women. The average monthly premium is $37 for men and $29 for women.
Top providers for men:
Top providers for women:
Protective stands out due to its high customer satisfaction scores and affordable premiums. This makes it a great choice for individuals seeking reliable life insurance in Elizabeth.
Protective offers the best value for both men and women. It ensures comprehensive coverage at monthly premiums of $29 for women and $37 for men. The company's high scores show its commitment to customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
Protective offers the best term life insurance in Elizabeth for both men and women. It boasts high customer satisfaction, affordability and financial stability, with low average monthly premiums of $8 for men and $7 for women.
The top term life insurance companies for men are:
The top term life insurance companies for women are:
Term life insurance is a policy where a beneficiary receives a payout if the insured person dies within a set term. For example, a parent might purchase a 20-year term policy to ensure their child's education costs are covered in the event of their death.
Protective is the best term life insurance for men and women in Elizabeth, New Jersey, with an impressive MoneyGeek score of 92. The low average monthly premiums make it an attractive option for budget-conscious individuals.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective stands out as the best whole life insurance company in Elizabeth for both men and women, with a MoneyGeek score of 92 due to its affordability, customer satisfaction and financial stability.
Top whole life companies for men and women in Elizabeth:
Whole life insurance is for those seeking a stable, long-term investment as it provides lifelong coverage and a cash value component. Someone can ensure their family's financial security while also accumulating cash value that can be borrowed against in the future.
Protective emerges as the premier choice for the best whole life insurance in Elizabeth, catering to both men and women. With a MoneyGeek score of 92, it is commited to customer satisfaction and affordability.
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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.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective is Elizabeth's best universal life insurance for both men and women, boasting a MoneyGeek score of 91 for its financial stability and customer satisfaction.
Best universal life insurance for men and women:
Universal life insurance is a flexible policy that combines life insurance with an investment savings element. Someone might opt for this over term life insurance to receive the policy's potential cash value growth, which can be used as a resource during their lifetime.
In Elizabeth, Protective is the top provider of universal life insurance for both men and women. It's a reliable choice for those seeking life insurance coverage without gender disparity.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
For residents in Elizabeth seeking the best no-medical-exam life insurance, Protective stands out with a MoneyGeek score of 91 for both men and women. This score is due to its competitive rates and high customer satisfaction and financial stability.
The top life insurance companies that don't require a medical exam are:
Life insurance without a mandatory medical assessment allows individuals to obtain coverage quickly. This can be advantageous for those with health concerns, such as people with chronic illnesses who need life insurance without the potential for denial based on their health status.
Protective is the leading provider of no-medical-exam life insurance in Elizabeth for both men and women, thanks to its reliable coverage.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For seniors in Elizabeth, Mutual of Omaha offers the best term life insurance. Its MoneyGeek score is 67, with an average monthly premium of $37 for men, and 65, with a premium of $31 for women.
Age impacts life insurance premiums; as individuals age, the risk to insurers increases, often leading to higher costs. Mutual of Omaha balances affordability, customer satisfaction, financial stability and product diversity, which are pivotal when selecting the best term life insurance for seniors.
| 1 | Mutual of Omaha | $37 | 92 |
| 2 | Protective | $39 | 91 |
| 3 | Nationwide | $42 | 90 |
| 4 | AAA | $48 | 88 |
| 5 | Transamerica | $41 | 87 |
| 6 | Prudential | $42 | 87 |
| 7 | Allstate | $53 | 86 |
| 8 | Haven | $47 | 85 |
| 9 | State Farm | $69 | 84 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
For both men and women smokers in Elizabeth, Mutual of Omaha offers the best term life insurance, with a MoneyGeek score of 92 and 90, respectively. Men can expect a monthly premium of $36, while women are quoted at $31.
Smoking significantly influences life insurance premiums because it increases health risks, which insurers account for in their pricing. Mutual of Omaha is one of the best term life insurance for smokers thanks to its high affordability, customer satisfaction and financial stability.
| 1 | Mutual of Omaha | $36 | 91 |
| 2 | Allstate | $35 | 89 |
| 3 | Protective | $61 | 88 |
| 4 | AAA | $45 | 88 |
| 5 | Transamerica | $37 | 88 |
| 6 | Nationwide | $51 | 88 |
| 7 | Prudential | $36 | 87 |
| 8 | State Farm | $57 | 85 |
| 9 | Haven | $66 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
The best term life insurance for young adults in Elizabeth is Protective, with a MoneyGeek score of 92 and average monthly premiums of $4 for women and $5 for men.
Age plays a significant role in determining life insurance premiums, with younger adults paying lower rates due to lower health risks. Protective is a reliable choice for young adults in Elizabeth seeking comprehensive and affordable term life insurance.
| 1 | Protective | $5 | 92 |
| 2 | Mutual of Omaha | $5 | 92 |
| 3 | Nationwide | $7 | 90 |
| 4 | AAA | $6 | 89 |
| 5 | Transamerica | $6 | 88 |
| 6 | Allstate | $8 | 88 |
| 7 | State Farm | $11 | 87 |
| 8 | Prudential | $8 | 87 |
| 9 | Haven | $8 | 86 |
| 10 | Bestow | $29 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
Protective offers the best cheap term life insurance for both men and women in Elizabeth, with a MoneyGeek score of 92 and average monthly premiums of $8 for men and $7 for women.
Life insurance premiums depend on various factors, including age, health, coverage amount and term length. To get the lowest premiums, maintain good health, avoid tobacco and choose a suitable coverage amount and term length.
| 1 | Protective | $8 | 92 |
| 2 | Mutual of Omaha | $8 | 92 |
| 3 | Nationwide | $11 | 90 |
| 4 | Transamerica | $9 | 89 |
| 5 | AAA | $11 | 89 |
| 6 | Allstate | $13 | 85 |
| 7 | Prudential | $12 | 85 |
| 8 | Haven | $12 | 85 |
| 9 | State Farm | $17 | 82 |
The average cost of term life insurance premiums in Elizabeth is $14 per month for women and $17 per month for men.
Many factors affect the cost of life insurance premiums, such as age, health, lifestyle, occupation, policy term and coverage amount. Insurers assess these to determine the risk associated with insuring an individual.
The cost of life insurance in Elizabeth might be higher or lower compared to the rest of New Jersey for several reasons — local health statistics, economic factors, crime rates, environmental risks and many more. Understanding these factors can help you make informed decisions about your life insurance needs.
Protective has the best life insurance in Elizabeth for men.
The monthly premium cost for the best life insurance for men in Elizabeth is $37. This cost is based on the highest MoneyGeek score for life insurance providers in the area.
Protective has the best life insurance in Elizabeth for women.
The monthly premium cost for the best life insurance for women in Elizabeth is $29.
Life insurance in Elizabeth may differ in terms of premium costs and available providers compared to the rest of New Jersey. For example, Protective offers competitive rates and high MoneyGeek scores in Elizabeth. This might not be the case in other cities, where companies could have better scores or lower premiums.
If a life insurance company goes bankrupt in Elizabeth, state guaranty associations typically step in to protect policyholders. These associations provide coverage up to a certain limit, ensuring that policyholders do not lose their benefits completely.
Elizabeth residents might need life insurance to provide financial security for their families. Life insurance can cover funeral costs, pay off debts and replace lost income. It ensures that loved ones are financially supported in the event of the policyholder's death.
To find a lost life insurance policy in Elizabeth, residents can check personal records, contact the deceased's financial advisors or use online policy locator services. The National Association of Insurance Commissioners offers a free tool to help locate lost policies.
About Mark Fitzpatrick
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.
