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Individual Life Insurance

Peace of Mind for you and your Loved Ones

Suburban General Insurance Agency provides life insurance to individuals in Paramus, Bergen County, Passaic County, Hudson County, Essex County, Middlesex County, and surrounding areas.

Individual Life Insurance

Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. 

Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education. It can even be used to continue payments on your mortgage to help ensure that the family home stays in the family.

At Suburban General Insurance Agency, we know that choosing a Life Insurance plan is a big decision with many important factors to consider. Our knowledgeable team of insurance professionals is committed to walking you through the process and providing you with the best insurance solution to give you and your family the peace of mind you deserve. 

Types of Individual Life Insurance

Suburban General Insurance Agency offers several different coverage options for your consideration: term life, whole life, universal life, and variable life insurance.

Term Life – This is typically the simplest and least expensive insurance option. Term life insurance provides coverage at a fixed rate for a specified period of time. It is a benefit policy that is used primarily to cover financial responsibilities of the insured, with the benefit to be paid only if the insured were to die during the specified term. Most term life policies can be converted to a more permanent insurance solution such as whole life, variable life, or universal life insurance.   

There are two types of term life insurance: 

  • Annual Renewable Term is purchased for a period of one year, with the death benefit to be paid only if the insured were to die during that one-year term, along with the option to renew after the term period.
  • Level Term Life guarantees a fixed premium for a given period of time, usually in terms of 10, 15, 20, or 30 years. Your premium is based on your age and coverage options, with longer terms being more expensive.?

Whole Life – As the most common type of permanent insurance, a whole life policy guarantees a death benefit for the lifetime of the insured as well as a cash value account for savings. Your premium remains constant throughout the duration of the policy while payments over and above your premium are credited to your savings, which earn a fixed rate of interest. 

Universal Life – Universal life policies are designed to be more flexible than other permanent Life Insurance. You are still guaranteed a death benefit for the duration of the policy as well as savings that accumulate cash value, but the flexibility of a Universal Life plan allows you to change certain aspects of your plan to accommodate life changes. 

Depending on your options, you have the flexibility to change the overall value of the death benefit as well as the time and amount in which you pay your premium. This gives you the option to focus on building your policy’s cash value, or pay a lower premium and focus on guaranteed protection. It is important to note that changes to your universal life policy can affect its guarantees and limits.

Variable Universal Life - With a variable universal life (VUL) Insurance policy, you get the same flexible benefits of Universal Life while being able to take advantage of potential economic growth in the stock market. Instead of creating a cash value for savings, the value of your VUL policy is invested in professionally managed funds that reflect the performance of the stock market. This also means that as the policy owner, you assume the risk and responsibility of monitoring your own investments.

Suburban General Insurance Agency is here for you

There are many things to take into account when purchasing life insurance, and changes in your life situation can reflect changes in your insurance requirements. That is why it is important to carefully consider the different policy options and ensure that you have the right solution to meet your long-term life insurance needs. 

An insurance specialist with Suburban General Insurance Agency will review your current life insurance situation and help you design a policy to plan for the future. 

At the end of the day, one of the biggest investments you can make is an investment in yourself. 

 

Our Location

Suburban General Insurance Agency

21-00 Route 208 South, Suite 105
Fair Lawn , NJ 07410
Main office: 201-225-9099

Our Providers

I would like to take the opportunity to extend my gratitude for your continued commitment to providing excellent customer service over the years. I have remained impressed by your Agency's willingness to take the time and effort to tailor comprehensive coverage to my Company's unique and expanding needs. Your Agency's ability to provide my Company with quotes in the preliminary stages of real estate purchases have gone above and beyond my expectations. I appreciate your service over the years and consider Suburban General Insurance Agency to be an important component of my Company's success.
Law Offices Of Thaniel J. Beinert
We have been using Suburban General Insurance Agency for well over 15 years. They are professional and courteous and are always responsive to every question and need. They make our insurance dealings very easy because they stay on top of things for our company. We will continue to use Suburban General for many years to come.
A. Macchione Brothers, Inc; Hackensack, NJ
Suburban General Insurance Agency are frankly advocates for their clients. They respond to a claim with the kind of helpful, timely, and knowledgeable assistance that instills unwavering trust and loyalty from their customers. Suburban General Insurance Agency is truly a leader in their field. Thanks
Nadia Zaccaro, Vice President of Amid Pallet Inc
Our experience with Suburban General has been very good over the past 5 years. Any time we call whether it be a simple question or a problem the staff at Suburban answers immediately.
Marty Knopf, Metro Party Rentals
I would like to take a few moments from my busy schedule to say how much we enjoy working with Surburban Gerneral Ins. Our representative Luke Arbucho is always very cooperative and goes the extra mile for us under any circumstances. The customer service staff is always courteous and very helpful when we need any additional insured papers sent to us. Thank you all for making our job a little easier.
Voc Muladze and staff, First Housing Management
RML Construction, Inc. has been a client of Suburban General Insurance Agency even before I started in 1999. In the very complicated world of insurance, we are very happy that we have a knowledgeable and experienced insurance agency to turn to. John and his staff have been very helpful and understanding of our insurance needs. They have been there for us through hardships and good times and we are pleased to have them handle our account.
Rochelle Cole, RML Construction, Inc.