Best Life Insurance in North Carolina for 2025 (Check Out the Top 10 Companies)

COMPANY CARD

State Farm, Nationwide and MassMutual top the list for best life insurance in North Carolina with rates as low as $102 per month for term life policy.

State Farm has 24/7 personalized service, Nationwide has the best no medical exam life insurance options for those under 50 and MassMutual got highest A++ rating. Life insurance companies in NC have many options, from special rates for first responders to discounts for healthy people.

Company	Rank	Good Student	A.M. Best	Best For	Jump to Pros/Cons
	#1	25%	B	Coverage Options	State Farm
	#2	15%	A+	Flexible Options	Nationwide
	#4	8%	A+	Custom Policies	Prudential
	#3	10%	A++	Financial Strength	MassMutual
	#5	9%	A	Affordable Term	AIG
	#6	7%	A+	Term Coverage	Lincoln Financial
	#7	10%	A++	Dividend Paying	New York Life			#8	13%	A	Budget-Friendly	Transamerica
	#9	17%	A	Term Life	Banner Life
	#10	12%	A+	Whole Life	Pacific Life

The NC life insurance market has some unique benefits like same day digital claims in major cities and medical professional coverage. Safeguard your family’s future while saving on coverage — enter your ZIP code to compare life insurance quotes with our free tool today.

What You Should Know

• State Farm leads the best life insurance in North Carolina with fastest claim processing in major cities
• Nationwide stands out among NC life insurance companies by offering no-medical-exam policies
• North Carolina's life insurance market features unique benefits including MassMutual's A++ financial rating

#1 - State Farm: Top overall Pick

Pros

• Local Agent Network: Local agents across North Carolina provide personalized service within 24 hours of contact.
• Claims Processing: As mentioned in our State Farm insurance review, it offers the quickest claim processing times for life insurance policies in Charlotte and Raleigh.
• Digital Services: Mobile app allows NC residents to manage their life insurance policies instantly.

Cons

• Support Hours: Weekend support options are limited for policyholders in rural North Carolina areas.
• Approval Time: Policy approval times run longer than other major insurers serving NC communities.

#2 - Nationwide: Best for Flexible Options

Pros

• Medical Requirements: No medical exam required for North Carolina residents under age 50. Learn more in our Nationwide insurance review.
• Senior Benefits: Seniors in NC communities receive competitive premium rates with additional discounts.
• Policy Review: Free annual policy reviews available at all North Carolina service locations.

Cons

• Coverage Limitations: Coverage options for pre-existing conditions are restricted in NC markets.
• Support Access: Customer support hours are limited for North Carolina policyholders needing assistance.

#3 - MassMutual: Best for Financial Strength

Pros

• Financial Rating: Financial strength ratings lead all insurance providers serving North Carolina families.
• EMS Coverage: Offers specialized coverage options for emergency service (EMS) workers working in NC hospitals (Read More: Best Car Insurance for Emergency Service (EMS) Workers).
• Digital Claims: Digital claims process serves Charlotte and Raleigh customers within 48 hours.

Cons

• Premium Costs: Premium rates exceed competitors in major North Carolina metropolitan areas.
• Agent Availability: Local agent availability is limited in western NC mountain communities.

#4 - Prudential: Best for Custom Policies

Pros

• Occupation Coverage: Specialized coverage plans for high-risk jobs throughout North Carolina communities, learn more about its plans in our Prudential insurance review.
• Young Professional Rates: Young professionals in NC receive preferred rates with flexible payment options.
• Claims Efficiency: Claims in North Carolina typically settle within five business days.

Cons

• Office Access: Limited physical offices across smaller North Carolina communities affect accessibility.
• Coverage Requirements: Higher minimum coverage requirements for NC residents compared to other providers.

#5 - AIG: Best for Affordable Term

Pros

• Premium Options: Return-of-premium options provide unique benefits for North Carolina policy holders.
• Application Process: Simplified health questionnaires speed up coverage approval for NC residents.
• First Responder Rates: Special rates available for first responders across North Carolina communities, take a look at their special rates in our AIG insurance review.

Cons

• Online Features: Online portal lacks features common to other NC insurance providers.
• Service Access: Service centers only available in major North Carolina cities.

#6 - Lincoln Financial: Best for Term Coverage

Pros

• Benefit Riders: Death benefit riders specifically designed for North Carolina healthcare needs.
• Fee Structure: Transparent fee structure benefits insurance shoppers across NC communities.
• Policy Conversion: Flexible policy conversion options available throughout North Carolina service areas. It's also one of the life insurance companies that allow long-term care withdrawals.

Cons

• Digital Tools: Digital tools need updates to serve NC customers effectively.
• Local Presence: Few local offices available in eastern North Carolina regions.

#7 - New York Life: Best for Dividend Paying

Pros

• Dividend Rates: As one of the best life insurance companies that let you pay by money order, its Dividend payments rank highest among whole life providers in NC.
• Business Options: Business coverage options that support North Carolina entrepreneurs with multiple locations.
• Military Benefits: Veteran discounts are available across all North Carolina service regions.

Cons

• Initial Costs: Initial premiums cost more than other providers in NC markets.
• Rural Service: Limited presence in rural North Carolina affects customer service accessibility.

#8 - Transamerica: Best for Budget-Friendly

Pros

• Affordable Rates: Budget-friendly rates that benefit families across North Carolina communities. Transamerica is also one of the best life insurance companies that accept felons.
• Health Incentives: Its wellness program reduces premiums for health-conscious NC residents.
• Quick Processing: Quick approval process serves North Carolina applicants efficiently.

Cons

• Service Speed: Customer service response times lag behind other NC providers.
• Investment Limitations: Investment options limited for North Carolina universal life policies.

#9 - Banner Life: Best for Term Life

Pros

• Underwriting Process: Simplified underwriting process speeds approval for NC applicants.
• Term Pricing: Term rates benefit middle-income families throughout North Carolina, it's also one of the best life insurance companies that cover undocumented immigrants.
• Online Speed: Online applications serve North Carolina residents within one business day.

Cons

• Policy Options: Fewer policy customization options for NC customers.
• Coverage Choices: Limited whole life choices affect North Carolina long-term planning.

#10 - Pacific Life: Best for Whole Life

Pros

• Cash Value: Cash value growth rates attract long-term NC policy holders.
• Market Options: Market-linked options protect North Carolina retirement planning goals.
• Conversion Flexibility: Policy conversion flexibility serves changing needs of Carolina residents (Read More: What Happens If You Outlive Your Term Life Insurance?).

Cons

• Online Services: Online services need improvement for North Carolina customers.
• Family Coverage: Coverage options limited for non-traditional NC families.

Cost of Life Insurance in North Carolina

Life insurance costs in North Carolina reflect a wide range of monthly premiums, with budget-friendly options available from the best life insurance companies. Analysis shows Transamerica offering the most competitive rates at $102 monthly for term coverage, significantly below the state average of $127.

Insurance Company	Term Policy	Whole Policy
	$137	$342
	$112	$289
	$148	$367
	$129	$379
	$118	$305
	$143	$353
	$127	$312
	$153	$322
	$109	$278
	$102	$271

The average cost of term life insurance in North Carolina is $127 monthly, based on the table above. Prudential has the highest term rates at $153, while MassMutual's whole life policies peak at $379 monthly.

Choosing the Right Life Insurance Policy in North Carolina

Life insurance companies in NC have two main types: term life and whole life. Term policies with Transamerica start at $102 a month and cover you for a specific period (10-30 years). Whole life policies are more expensive, starting at $271 and cover you for life and build cash value.

While North Carolina doesn’t require you to have life insurance, mortgage lenders and business agreements may require specific policy amounts and types. Most financial advisors recommend 10-12 times your annual income for family protection.

North Carolina Life Insurance Discounts You Should Know

The best life insurance in North Carolina offers several unique savings opportunities through various discount programs. State Farm and Nationwide lead life insurance companies in NC with extensive discount options, including multi-policy savings up to 25% and wellness rewards for maintaining healthy lifestyles.

The North Carolina life insurance exam requirements consider healthy living practices, with non-smoker discounts averaging 15-20% across providers.

Insurance Company	Available Discounts
	Multi-Policy, Healthy Lifestyle, Non-Smoker, Safe Driver, Long-Term Policy, Paid-In-Full, No Claims
	Multi-Policy, Health Classification, Non-Smoker, Healthy Lifestyle, Paid-In-Full, Claims-Free
	Multi-Policy, Health-Based, Long-Term Policyholder, Non-Smoker, Wellness, Paid-In-Full
	Healthy Living, Long-Term Policyholder, Multi-Policy, Non-Smoker, Wellness, Claims-Free, Safety Features
	Multi-Policy, Non-Smokers, Healthy Lifestyle, Paid-In-Full, Safety Features, Claims-Free, Young Adults
	Multi-Policy, Non-Smoker, Long-Term Policyholder, Healthy Living, Paid-In-Full, Claims-Free
	Multi-Policy, Health-Based, Safe Driver, Non-Smoker, Long-Term Policyholder, Paid-In-Full
	Health Classification, Multi-Policy, Non-Smoker, Healthy Lifestyle, Paid-In-Full, Claims-Free
	Multi-Policy, Non-Smokers, Long-Term, Safe Driver, Wellness, Paid-In-Full, Claims-Free
	Multi-Policy, Young Adults, Safe Driver, Non-Smoker, Claims-Free, Wellness, Paid-In-Full

Beyond traditional discounts, policyholders can reduce costs by opting for annual payments to qualify for paid-in-full discounts or participating in wellness programs that offer premium reductions for meeting health goals.

Read More: How to Use Fitness Trackers to Save on Health Insurance

Simplifying Your Best Life Insurance in North Carolina

State Farm, Nationwide and MassMutual are the best life insurance in North Carolina, with State Farm having 24 hour claims, Nationwide’s no exam policies for those under 50 and MassMutual having the highest A++ rating.

Life insurance companies in NC offer many options, with term life starting at $102 a month through Transamerica and whole life at $271 a month.

Round of a-claws for Jake. pic.twitter.com/uCWUr68SBj

— State Farm (@StateFarm) January 6, 2025

If you need life insurance, get multiple quotes from NC insurance companies and consider policy type, coverage amount and available discounts to get the best coverage for your family’s future. Uncover cheap term life insurance rates near you by entering your ZIP code into our free quote tool.