{"id":3441,"date":"2015-07-10T18:07:47","date_gmt":"2015-07-11T01:07:47","guid":{"rendered":"http:\/\/www.mnjinsurance.com\/?page_id=3441"},"modified":"2020-06-05T11:44:25","modified_gmt":"2020-06-05T18:44:25","slug":"life-insurance","status":"publish","type":"page","link":"https:\/\/mnjinsurance.com\/life-insurance\/","title":{"rendered":"Life Insurance"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb av_one_full  avia-builder-el-0  el_before_av_two_fifth  avia-builder-el-first  first flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-67b5085944ce791cd46199f59f7a2ab1\">\n#top .av-special-heading.av-av_heading-67b5085944ce791cd46199f59f7a2ab1{\npadding-bottom:0;\n}\nbody .av-special-heading.av-av_heading-67b5085944ce791cd46199f59f7a2ab1 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-av_heading-67b5085944ce791cd46199f59f7a2ab1 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-67b5085944ce791cd46199f59f7a2ab1 av-special-heading-h3  avia-builder-el-1  avia-builder-el-no-sibling '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Life Insurance<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb av_two_fifth  avia-builder-el-2  el_after_av_one_full  el_before_av_three_fifth  first flex_column_div av-zero-column-padding column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-c8dc2a51a6f4017121e8dbd441687de1\">\n#top .hr.hr-invisible.av-av_hr-c8dc2a51a6f4017121e8dbd441687de1{\nheight:1px;\n}\n<\/style>\n<div  class='hr av-av_hr-c8dc2a51a6f4017121e8dbd441687de1 hr-invisible  avia-builder-el-3  el_before_av_slideshow  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-slideshow av-av_slideshow-264a0b6b8dd1690b87719c14249016b6 avia-slideshow-portfolio av_slideshow avia-slide-slider  avia-builder-el-4  el_after_av_hr  avia-builder-el-last  av-slideshow-ui av-slideshow-autoplay av-loop-endless av-loop-manual-endless av-default-height-applied avia-slideshow-1' data-slideshow-options=\"{&quot;animation&quot;:&quot;slide&quot;,&quot;autoplay&quot;:true,&quot;loop_autoplay&quot;:&quot;endless&quot;,&quot;interval&quot;:5,&quot;loop_manual&quot;:&quot;manual-endless&quot;,&quot;autoplay_stopper&quot;:false,&quot;noNavigation&quot;:false,&quot;bg_slider&quot;:false,&quot;keep_padding&quot;:false,&quot;hoverpause&quot;:false,&quot;show_slide_delay&quot;:0}\"  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><ul class='avia-slideshow-inner ' style='padding-bottom: 80.808080808081%;'><li  class='avia-slideshow-slide av-av_slideshow-264a0b6b8dd1690b87719c14249016b6__0  slide-1 slide-odd'><div data-rel='slideshow-1' class='avia-slide-wrap '   ><img decoding=\"async\" class=\"wp-image-3262 avia-img-lazy-loading-not-3262\"  src=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/life-insurance-495x400.jpg\" width=\"495\" height=\"400\" title='life-insurance' alt=''  itemprop=\"thumbnailUrl\"   \/><\/div><\/li><li  class='avia-slideshow-slide av-av_slideshow-264a0b6b8dd1690b87719c14249016b6__1  slide-2 slide-even'><div data-rel='slideshow-1' class='avia-slide-wrap '   ><img decoding=\"async\" class=\"wp-image-3261 avia-img-lazy-loading-not-3261\"  src=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/Life-Insurance-2-495x400.jpg\" width=\"495\" height=\"400\" title='Life-Insurance-2' alt=''  itemprop=\"thumbnailUrl\"   \/><\/div><\/li><li  class='avia-slideshow-slide av-av_slideshow-264a0b6b8dd1690b87719c14249016b6__2  slide-3 slide-odd'><div data-rel='slideshow-1' class='avia-slide-wrap '   ><img decoding=\"async\" class=\"wp-image-3339 avia-img-lazy-loading-not-3339\"  src=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/MNJinsurance-Slider-06-495x400.jpg\" width=\"495\" height=\"400\" title='MNJinsurance-Slider-06' alt=''  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/mnjinsurance.com\/wp-content\/uploads\/MNJinsurance-Slider-06-495x400.jpg 495w, https:\/\/mnjinsurance.com\/wp-content\/uploads\/MNJinsurance-Slider-06-845x684.jpg 845w\" sizes=\"(max-width: 495px) 100vw, 495px\" \/><\/div><\/li><\/ul><div class='avia-slideshow-arrows avia-slideshow-controls' ><a href='#prev' class='prev-slide ' aria-hidden='true' data-av_icon='\ue87c' data-av_iconfont='entypo-fontello'  tabindex='-1'>Previous<\/a><a href='#next' class='next-slide ' aria-hidden='true' data-av_icon='\ue87d' data-av_iconfont='entypo-fontello'  tabindex='-1'>Next<\/a><\/div><div class='avia-slideshow-dots avia-slideshow-controls'><a href='#1' class='goto-slide active' >1<\/a><a href='#2' class='goto-slide ' >2<\/a><a href='#3' class='goto-slide ' >3<\/a><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_three_fifth-2a64de42b738552fe666ca889af77e28\">\n.flex_column.av-av_three_fifth-2a64de42b738552fe666ca889af77e28{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_three_fifth-2a64de42b738552fe666ca889af77e28 av_three_fifth  avia-builder-el-5  el_after_av_two_fifth  el_before_av_hr  flex_column_div av-zero-column-padding column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_icon_box-a8814af8869e2d31b0dddaa370d28fa8\">\n.iconbox.av-av_icon_box-a8814af8869e2d31b0dddaa370d28fa8 .iconbox_icon{\nborder:1px solid #2674b4;\n}\n#top #wrap_all .iconbox.av-av_icon_box-a8814af8869e2d31b0dddaa370d28fa8 .iconbox_content_title{\ncolor:#2674b4;\n}\n<\/style>\n<article  class='iconbox iconbox_top av-av_icon_box-a8814af8869e2d31b0dddaa370d28fa8  avia-builder-el-6  avia-builder-el-no-sibling  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\"><div class=\"iconbox_icon heading-color\" aria-hidden='true' data-av_icon='\ue84c' data-av_iconfont='entypo-fontello'><\/div><h3 class='iconbox_content_title '  itemprop=\"headline\" >Life Insurance<\/h3><\/header><div class='iconbox_content_container '  itemprop=\"text\" ><p>There are a number of life insurance options and strategies, depending on what you are trying to accomplish. Allow our life insurance experts at <em>MNJ Insurance Solutions<\/em> help guide you to the right solutions for your needs.\u00a0 Request a quote today!<\/p>\n<div  class='avia-button-wrap av-av_button-e28efbc08def35822a5abe3439d8025f-wrap avia-button-center  avia-builder-el-7  avia-builder-el-no-sibling '><a href='http:\/\/www.mnjinsurance.com\/contact-us'  class='avia-button av-av_button-e28efbc08def35822a5abe3439d8025f avia-icon_select-yes-left-icon avia-size-small avia-position-center avia-color-theme-color'  ><span class='avia_button_icon avia_button_icon_left' aria-hidden='true' data-av_icon='\ue84c' data-av_iconfont='entypo-fontello'><\/span><span class='avia_iconbox_title' >Request a Quote<\/span><\/a><\/div>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-0688d0b0b6ed2f8b057db7a8270206df\">\n#top .hr.hr-invisible.av-av_hr-0688d0b0b6ed2f8b057db7a8270206df{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-0688d0b0b6ed2f8b057db7a8270206df hr-invisible  avia-builder-el-8  el_after_av_three_fifth  el_before_av_one_full '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb av_one_full  avia-builder-el-9  el_after_av_hr  el_before_av_hr  first flex_column_div av-zero-column-padding '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-56a0b56350d2cac2a95a590b71a95f54\">\n#top .av-special-heading.av-av_heading-56a0b56350d2cac2a95a590b71a95f54{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-av_heading-56a0b56350d2cac2a95a590b71a95f54 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-av_heading-56a0b56350d2cac2a95a590b71a95f54 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-56a0b56350d2cac2a95a590b71a95f54 av-special-heading-h3  avia-builder-el-10  el_before_av_iconlist  avia-builder-el-first '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >What is Life Insurance? Why do I need Life Insurance?<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_iconlist-f47240c37038a88da70d94bb74654199\">\n#top .avia-icon-list-container.av-av_iconlist-f47240c37038a88da70d94bb74654199 .iconlist_icon{\ncolor:#ffffff;\nbackground-color:#2674b4;\nborder:1px solid #2674b4;\n}\n#top #wrap_all .avia-icon-list-container.av-av_iconlist-f47240c37038a88da70d94bb74654199 .av_iconlist_title{\ncolor:#2674b4;\n}\n<\/style>\n<div  class='avia-icon-list-container av-av_iconlist-f47240c37038a88da70d94bb74654199  avia-builder-el-11  el_after_av_heading  avia-builder-el-last '><ul class='avia-icon-list avia_animate_when_almost_visible avia-icon-list-left av-iconlist-big av-av_iconlist-f47240c37038a88da70d94bb74654199 avia-iconlist-animate'>\n<li><div class='iconlist_icon av-av_iconlist_item-90e0c6a3d66c96ce57dd6d995c224135 avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue863' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color'  itemprop=\"headline\" >Term Life Insurance<\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p>Term insurance provides a preset amount of cash if you die while the policy is in force. For example, a ten-year $250,000 term policy pays off if you die within ten years. If you live beyond the end of the term, your beneficiary does not receive a death benefit. With term insurance, you pay only for life insurance coverage; the policy does not grow cash value.<\/p>\n<p><strong><em>It&#8217;s inexpensive if you are younger.<\/em><\/strong> Term insurance is the cheapest form of coverage over a limited number of years, especially when you&#8217;re younger. It is particularly suitable for younger parents who want substantial insurance coverage at lower cost. Since the risk of dying in your 20s, 30s or 40s is quite low, the cost of term insurance during these years is as reasonable as life insurance prices get.<\/p>\n<p><strong><em>It&#8217;s good if you need insurance for a short time period.<\/em><\/strong> Also, if you need insurance for only a short time, say to qualify for a business loan, term insurance is a good option.<\/p>\n<p><strong><em>The older you get, the more expensive the premiums.<\/em><\/strong> However, the older you are, the more expensive term insurance premiums become compared to the payoff value of the policy. This, of course, is understandable, as the older you are, the greater the chance you will die during the policy term.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-av_iconlist_item-f53440a2a2cf023f126b733263fe975f avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue841' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color'  itemprop=\"headline\" >Whole Life Insurance<\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p>Whole-life is a type of permanent insurance, which combines life insurance coverage with an investment fund. Whole life is a policy that pays a stated, fixed amount on your death, and part of your premium goes toward building cash value from investments made by the insurance company. Cash value builds tax-deferred each year that you keep the policy, and you can borrow against the cash accumulation fund without being taxed. The amount you pay typically does not change throughout the life of the policy.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-av_iconlist_item-7f06174fb33b07304ef41f8ca3e24830 avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue8b1' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color'  itemprop=\"headline\" >Universal Life Insurance<\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p>Universal life insurance is a type of permanent life insurance. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, as well as any other policy charges and fees which are drawn from the cash value, even if no premium payment is made that month. Interest credited to the account is determined by the insurer, but has a contractual minimum rate.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<li><div class='iconlist_icon av-av_iconlist_item-60c2f952159e99ceddac82e0c992185e avia-font-entypo-fontello'><span class='iconlist-char' aria-hidden='true' data-av_icon='\ue8e1' data-av_iconfont='entypo-fontello'><\/span><\/div><article class=\"article-icon-entry \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconlist_content_wrap\"><header class=\"entry-content-header\"><h4 class='av_iconlist_title iconlist_title  av_inherit_color'  itemprop=\"headline\" >Key Man\/Person Insurance<\/h4><\/header><div class='iconlist_content '  itemprop=\"text\" ><p>Key Man or Key Person Insurance is an important form of business insurance. There is no legal definition for &#8220;key man\/person insurance&#8221;. Generally speaking, it is an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business. In other words, Key Man Insurance is a standard life insurance that is used for business succession or business protection purposes. The policy&#8217;s term does not extend beyond the period of the key person\u2019s usefulness to the business. Key Man Insurance policies are usually owned by the business and the aim is to compensate the business for losses incurred with the loss of a key income generator and facilitate business continuity. Key person insurance does not indemnify the actual losses incurred but compensates with a fixed monetary sum as specified on the insurance policy.<\/p>\n<p>Many businesses have a key person who is responsible for the majority of profits, or has a unique and hard to replace skill set such as Intellectual Property that is vital to the organization.<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><div class=\"iconlist-timeline\"><\/div><\/li>\n<\/ul><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-0688d0b0b6ed2f8b057db7a8270206df\">\n#top .hr.hr-invisible.av-av_hr-0688d0b0b6ed2f8b057db7a8270206df{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-0688d0b0b6ed2f8b057db7a8270206df hr-invisible  avia-builder-el-12  el_after_av_one_full  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"Life Insurance PreviousNext123 Life InsuranceThere are a number of life insurance options and strategies, depending on what you are trying to accomplish. Allow our life insurance experts at MNJ Insurance Solutions help guide you to the right solutions for your needs.\u00a0 Request a quote today! Request a Quote What is Life Insurance? Why do I&hellip;","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":25,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/pages\/3441"}],"collection":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/comments?post=3441"}],"version-history":[{"count":1,"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/pages\/3441\/revisions"}],"predecessor-version":[{"id":5045,"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/pages\/3441\/revisions\/5045"}],"wp:attachment":[{"href":"https:\/\/mnjinsurance.com\/wp-json\/wp\/v2\/media?parent=3441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}