Life Insurance Shopping Tips in North Carolina

North Carolina Life InsuranceWant to find a good deal on your life insurance in North Carolina?

The 2 questions you want answered are:

1. How do I buy affordable life insurance? and

2. Where can I find it?

You will find the answers to most of your questions in the following paragraphs..

Types of North Carolina Life Insurance Policies

You might be wondering what kind of life insurance is available in North Carolina if you live here or just moved to this state.

The good news is that the types of life insurance policies you find in North Carolina are just like you will find in any other state.

North Carolina offers 2 different basic varieties of life insurance.  These 2 varieties are Term Life Insurance, and Permanent Life Insurance.

Term Life Insurance

The first type of life insurance you will come across is known as ‘Term’ life insurance. This is the most inexpensive type of life insurance that can be found.

They call it term insurance is because it will cover you for life, but insurance companies sell it in specific periods or batches of time such as for 10, 20. 25 years.  These periods of time are called terms.

As you approach the end of the term, you have the option of renewing the policy, or switching to another form of life insurance known as ‘permanent insurance, which I’ll discuss shortly.

Term life insurance is your most basic form of life insurance because it covers you for death benefits only. The death benefits go to your named beneficiary, and they are non-taxable, so your loved ones can use the benefits as they deem fit.

Term life insurance is the easiest life insurance to buy because in some instances, you may even not require a medical exam, or at the very least only have to answer some medical questions over the phone or online.

The one thing to know about term life insurance is that the premiums become more expensive as you get older.  That’s why it’s a good idea to buy it for a longer period of time or term, than a shorter term, because the monthly premiums get much more expensive if you renew.

You can use term life insurance in a variety of ways. Term life insurance makes a substantially cheaper option than buying mortgage insurance through a bank to cover a mortgage.  Banks don’t tell this though – big surprise, hey?

Term life insurance is also a good buy if you own a business and need funds to cover your business expenses if you die prematurely so your loved ones don’t have to be burdened with the leftover business costs.  It’s also good if you have a business partner.

Call me and I can explain more about how term life is a good buy for these and a variety of other reasons.  877-996-9383

Permanent Life Insurance – (Whole Life and Universal Life)

The other type of life insurance you can buy in North Carolina is called ‘Permanent’ life insurance.  You have 3 choices when buying permanent insurance.

Your choices are whole life, universal life, and variable life. Whole life insurance and universal life are generally the most common of the 3 policy choices that people buy.

Permanent life policies are more expensive than term life insurance policies. They not only include the death benefits, but also have a cash value accumulation feature that builds up over the life of the policy.

To qualify for a permanent life insurance policy you will likely have to take a medical exam.  You should be prepared to answer some very detailed questions about the state of your health. The insurance company will also very possibly get a medical report from your doctor if you have a serious medical condition.

It’s a bit complicated to go into too much detail about these policies because they also vary slightly from company to company. The thing to remember is that it pays to use an independent insurance agent to shop around and find you the best deal that suits your individual needs.

How Much Will You Pay for North Carolina Life Insurance?

The good news is that you won’t have to pay anymore to purchase life insurance in North Carolina than you would in any other state.

To learn more about the cost of buy life insurance in North Carolina, I suggest you use our online quote menu on this site.

Or, you could also give me a call at 1-877-996-9383 and I would be happy to take you through the process and discuss your options.

How to Buy Life Insurance in North Carolina

Life insurance in North Carolina can be purchased in several different ways. You could research it online such as at my site and compare quotes, and see how much different companies charge.

Your other option is to talk to a service representative at a company.  I don’t suggest this because you are only going to get their quote and no others, so you won’t get the best deal

Your other option is to talk to an insurance agent. Be careful though because there are 2 types of insurance agents and you want to get the best one.

Some insurance agents only represent a single company, while others may only represent several companies. This limits your choices and options.

The best type of insurance agent to talk to is an ‘independent’ agent like myself. An independent agent in North Carolina has access to a whole range of companies. They can shop around and find the best deal to save you money.

Tips on Buying Life Insurance in North Carolina

The best advice I can tell you about buying life insurance in North Carolina is to always tell the truth about your health.  Never lie because life insurance companies have been doing this for a long time and they know all the tricks.

You can end up getting your policy cancelled or having your claim denied if they find out you lied about your health.

The second biggest piece of advice I can offer is to get at least a number of quotes from 2 or more agents.

We are one of these independent agencies, licensed with over 30 life insurance companies, so when you come to us for help, you’ll know the quotes we provide you are the absolute lowest prices available.  For more information or to get started with an application for North Carolina life insurance, sign up for some quotes using our instant quote form on the right or call us at 877-996-9383.