Term Life Insurance In North Carolina // Free Quotes & Tips For 2019

May 30, 2019 (0) comment

life insurance 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.

​In This Article

​Comparing ​North Carolina Life Insurance Quotes

​What's The Free Look Period

When you purchase your own 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.  

How Life Insurance Rates Are ​Figured In ​North Carolina


​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.


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 lenght 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. 

  1. 1
    ​Cancer - ​19,474 Deaths
  2. 2
    ​Heart Disease - ​18,808 Deaths
  3. 3
    ​Accidents - ​5,985 Deaths
  4. 4
    ​ Chronic Lower Respiratory Diseases - ​5,540 Deaths
  5. 5
    ​Stroke - ​5,098 Deaths
  6. 6
    ​Alzheimer’s Disease - ​4,289 Deaths
  7. 7
    ​Diabetes - ​2,903 Deaths
  8. 8
    ​Flu/Pneumonia - ​2,076 Deaths
  9. 9
    ​Kidney Disease - ​2,040 Deaths
  10. 10
    ​Suicide - ​1,521 Deaths

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

​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 L​&H​ 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 Car​​olina Life & Health Insurance Guaranty Association

Phone: ​(919) 833 – 6838

     ​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.

Sa El is the Co-Founder of Simply Insurance and a licensed Insurance Agent with over 11 years of experience in the industry.  He specializes in Life & Health Insurance and is certified in Long Term Care Insurance in the state of Georgia. He is also an Official Member of the Forbes Finance Council, a licensed real estate agent in the state of Georgia (License #382602), an entrepreneur, insurance educator, and freelance writer.

All posts by Mark Mathon

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