life insurance North Carolina

The Best Life Insurance Companies In North Carolina

life insurance North Carolina

The Best Life Insurance Companies In North Carolina

While North Carolina can be considered a banking mecca, it also has a huge array of term life insurance options.

We put together this post so that you can have quick access to your states department of insurance as well as their guaranty association.

You will also find out information specific to the state of North Carolina and have a better understanding of why you need life insurance now if you life in North Carolina.

Comparing North Carolina Life Insurance Quotes

What's The Free Look Period?

When you purchase your life insurance policy you still have what is known as the "free look" period in which you can return the policy.

If you use the free look period, the insurance company must refund you all of your monies and the the policy will be cancelled.

The average free look period is 30 days; however, each company can have a different period so it is best to check with them directly.  

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

How Life Insurance Rates Are Determined In North Carolina

Age

Age is going to be one of the largest factors when determining your life insurance rates in North Carolina.  The younger you are when you purchase coverage, the more affordable it is going to be.

best term life insurance North Carolina

Gender

Your gender is going to be the second largest factor when figuring out your life insurance rates. You will find that women are going to have much more affordable rates than men, primarily because they live longer than men on average.

Tobacco Usage

If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive on a monthly basis. With Cancer being a leading cause of death in North Carolina, and since smoking increases your rates considerably, if you smoke, it's probably time to quit. 

Coverage Amount

The amount of coverage that you purchase will also change your rates.  The higher the coverage amount you purchase, the more expensive the policy will become.  

Term Length

Term length is going to be a factor because the longer the term length the more expensive a policy will become. However, don't let this fool you, if you lock your rates in for a longer term, you will actually save more money over time.

Current Health

Everyone is underwritten on an individual basis, this means that if you have a twin, their rates can still be different if their health is different. 

Driving Record

Life insurance companies want to know that you aren't a crazy driver.  If you have a history of speeding, DUI's or DWI's you could be looking at higher rates or even a decline for coverage.

Top 10 Leading Causes Of Death In North Carolina

It is essential that you purchase North Carolina life insurance when you are young so that your rates are affordable.

  • Cancer - 19,474 Deaths
  • Heart Disease - 18,808 Deaths
  • Accidents - 5,985 Deaths
  • Chronic Lower Respiratory Diseases - 5,540 Deaths
  • Stroke - 5,098 Deaths
  • Alzheimer’s Disease - 4,289 Deaths
  • Diabetes - 2,903 Deaths
  • Flu/Pneumonia - 2,076 Deaths
  • Kidney Disease - 2,040 Deaths
  • Suicide - 1,521 Deaths 

life insurance policy would cover all of the above deaths, including suicide after 2 years of having the policy.

INSURANCE WHERE YOU LIVE

Life insurance by state.

North Carolina Department Of Insurance

north carolina department of insurance

Website: North Carolina Department Of Insurance

Insurance Commissioner:  Mike Causey

Consumer Insurance Helpline: (855) 408 – 1212

Office Hours:  Monday - Friday  8:00 am to 5:00 pm

File a Consumer Insurance Complaint: Complaint Page

Find a Licensed Life Insurance Agent: Agent License Search Page

North Carolina Life & Health Insurance Guaranty Association

north carolina guaranty association

The North Carolina Guaranty Association was created to make sure that consumers were protected if a life insurance company become insolvent. Their contact info is below:

Website: North Carolina Life & Health Insurance Guaranty Association

Phone: (919) 833 – 6838

Address: 
     North Carolina Life & Health Insurance Guaranty Association
     PO Box 10218
     Raleigh, NC 27605-0218

North Carolina Guaranty Association Protection Limits

Each state has a specific limit that they can go up to in case your life insurance company fails.

In North Carolina the guaranty association limit for each individual is $300,000 no matter how many policies you bought from your company. Payees of Structured Settlement Annuities who reside in North Carolina are covered up to a maximum of $1,000,000. The maximum coverage for an unallocated annuity is $5,000,000 per contract owner.

THE SIMPLY INSURANCE WAY

Life Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us. 

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of getting your quotes and applying.

Taking Action

There is no need to wait when it comes to getting some life insurance in North Carolina.  

You can get immediate quotes and coverage by clicking here or on any of the above buttons. 

Feel free to leave a comment if you have any additional questions.


Life Insurance Reviews By State


  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington D.C.
  • West Virginia
  • Wisconsin
  • Wyoming

Aten-Re El

About the author

Aten-Re El is a Co-Founder and Chief Operating Officer of Simply Insurance as well as a licensed life & health insurance agent with over 11 years of experience. Aten-Re is responsible for the daily operations of Simply Insurance and building and procuring strong client relationships with our insurance partners.


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