The Top 7 Best Life Insurance Companies in North Carolina

Life insurance gives your loved ones peace of mind by providing financial support when you pass away. With dozens of life insurance companies to choose from, how do you pick the best provider for your needs?

I reviewed leading life insurance companies in North Carolina to uncover the top performers I evaluated each insurer across key factors like customer satisfaction, financial strength, and types of policies offered.

After extensive research, these 7 carriers emerge as the best life insurance companies in North Carolina:

• Legal & General America
• Brighthouse Financial
• MassMutual
• Lincoln Financial
• Pacific Life
• Corebridge Financial
• Prudential

Below, I’ll explain why these companies excel and how to choose the right one for you. I’ll also cover how life insurance works, average costs and tips for getting the best rate.

How Do I Choose the Best Life Insurance Company in NC?

With many insurers to pick from, it can be tricky to identify the best life insurance companies in North Carolina for your situation.

To find the top providers, I looked at several key factors:

• Financial strength: I gave the most weight to financial strength ratings from agencies like A.M. Best. These scores reflect an insurer’s ability to pay out claims. The higher the rating, the better.

• Customer satisfaction: I considered JD Power ratings and online customer feedback. Top insurers receive high marks for customer service.

• Range of policies offered: The best life insurance companies offer different types of life insurance to suit individual needs. I gave preference to insurers with a diverse lineup.

• Affordability: While everyone’s budget is different, I looked for companies with competitive pricing for various age groups and policy types.

• Online experience: The top insurers in NC make it easy and convenient to get quotes and apply online. I gave high scores to user-friendly websites.

Using these criteria, Legal & General America, Brighthouse Financial, MassMutual, Lincoln Financial, Pacific Life, Corebridge Financial, and Prudential emerge as the leading life insurance providers in North Carolina.

Overview of the 7 Best Life Insurance Companies in NC

1. Legal & General America

Legal & General America secures the #1 spot for life insurance in North Carolina. Customers praise their helpful agents and smooth claims payouts. Legal & General America holds an Excellent A+ rating from A.M. Best, indicating superb financial strength.

With term, whole, and universal life policies, Legal & General America offers flexibility. Unique options like guaranteed universal life insurance cater to specific needs. Competitive pricing provides value.

2. Brighthouse Financial

Formerly MetLife’s U.S. retail business, Brighthouse Financial earns high ratings for financial strength, earning an A from A.M. Best. Brighthouse policies appeal to budget-conscious buyers with straightforward term life insurance.

Customers report seamless experiences, from easy online quotes to fast application approvals. Brighthouse also offers whole and universal life insurance policies.

3. MassMutual

Backed by over 160 years of experience, MassMutual provides trusted life insurance across North Carolina. Policyholders praise MassMutual’s helpful agents and smooth claims payments.

With an Excellent A++ rating from A.M. Best, MassMutual has exceptional financial strength. Their wide range of term, whole, and universal life insurance includes unique options like blended policies that combine term and permanent coverage.

4. Lincoln Financial

Known for outstanding customer service, Lincoln Financial holds an A+ rating from A.M. Best for financial strength. Lincoln’s vast network of insurance agents provides personalized guidance.

Lincoln Financial’s term, universal, and whole life insurance options appeal to a wide range of buyers. With competitive pricing and helpful resources on their website, Lincoln streamlines the insurance process.

5. Pacific Life

Founded in 1868, Pacific Life offers time-tested life insurance products tailored to individual needs. Pacific Life holds an A+ rating from A.M. Best. Customers praise their friendly, knowledgeable representatives.

Pacific Life provides an array of term and permanent life insurance policies, including universal, indexed, and variable options. Useful online tools like instant quotes simplify research.

6. Corebridge Financial

Formerly operating as AIG’s life insurance division, Corebridge Financial brings over 160 years of insurance expertise. Corebridge holds an A rating from A.M. Best, indicating excellent financial strength.

With an extensive range of term, whole, and universal life policies, Corebridge Financial appeals to diverse needs. Customers highlight great service from agents plus easy claims payouts.

7. Prudential

Known as a rock-solid insurer, Prudential earns an A+ rating from A.M. Best. Prudential offers every type of life insurance, including unique options like variable and indexed universal policies.

Helpful educational resources on Prudential’s site help you make informed decisions. Customers praise Prudential’s well-trained agents and seamless customer experience.

How Much Does Life Insurance Cost in North Carolina?

Life insurance rates vary based on personal factors like your age, health, occupation, and hobbies. The type and length of policy you choose also impacts your premium cost.

Some typical monthly costs for a $500,000 policy for a healthy 30-year-old in North Carolina are:

• 10-year term life: $30 to $60
• 20-year term life: $40 to $100
• Whole life: $100 to $250

Monthly premiums are higher for older applicants and permanent policies. Using online quotes to compare rates from insurers is the best way to find an affordable policy.

Tips for Finding the Best Life Insurance Rate

While life insurance costs more the older you get, here are some tips for locking in the lowest premiums in North Carolina:

• Buy early: Your monthly cost will be much lower in your 20’s and 30’s compared to waiting until your 40’s or 50’s.
• Get fit: Insurers offer lower rates to healthier individuals.
• Pick term insurance: Term life insurance provides the most coverage for your premium dollars.
• Compare quotes: Rates vary significantly among insurers for the same coverage.
• Choose the right length: Longer terms like 20 or 30 years may have cheaper monthly costs than shorter 10 or 15 year terms.
• Improve your credit: Insurers check your credit as part of underwriting. Good credit equals better rates.
• Lower coverage: More affordable premiums are available with less coverage. Increase the amount over time.
• Pay annually: Opting to pay one yearly premium instead of monthly results in savings.
• Quit smoking: Smokers pay significantly higher life insurance rates. Kicking the habit can lower your cost.

Is Burial Insurance the Same as Life Insurance in North Carolina?

Burial insurance and life insurance both pay out a death benefit to your beneficiaries when you pass away. But they have some key differences:

• Purpose: Burial insurance covers just funeral costs. A life insurance policy provides income replacement and other financial support for family.

• Policy amount: Burial insurance death benefits max out around $25,000, while life insurance policies can be for millions.

• Health eligibility: Burial insurance approves applicants with serious medical conditions. Life insurers impose strict underwriting standards.

• Cost: Burial insurance premiums are under $50 per month. Life insurance monthly costs depend on the death benefit, your age and health.

Many insurers let you assign a portion of your life insurance benefits to cover funeral costs. Overall, life insurance is more flexible and comprehensive.

Key Takeaways: Choosing the Best Life Insurance in NC

• Review insurer financial strength ratings and customer feedback to identify the most reliable life insurance companies.

• Consider your budget, timeline, and specific needs to select the right policy type.

• Use online quotes to find the lowest prices from leading insurers like Legal & General America and Lincoln Financial.

• Apply early while young and healthy to lock in the best rates on life insurance in North Carolina.

• Work with an independent agent to review all your options from top providers.

The best life insurance company for you provides trusted coverage at an affordable cost. By understanding your options and using online quotes, you can maximize protections for your loved ones. Reach out for help from my team if you need guidance picking the right policy and insurer.