The Top Life Insurance Companies in North Carolina for 2023

When looking for life insurance in North Carolina, it helps to know which providers have the best reputation for customer service, claims handling, and reliable coverage. Choosing from the top-rated life insurers maximizes your chance of having a positive experience.

In this review, we’ll highlight the highest-ranked life insurance companies in North Carolina based on policy options, pricing, financial strength, and customer satisfaction ratings.

Best Life Insurance Companies in North Carolina

Based on policyholder reviews and industry ratings, here are the top-rated life insurance providers for North Carolina residents:

Guardian Life

• AM Best Rating: A++
• J.D. Power Rating: 890/1,000
• Products: Term, whole life, disability, dental, vision

Guardian Life is one of the highest-rated insurers in North Carolina. Policyholders give Guardian high marks for helpful agents, smooth claims processes, and competitive pricing.

Prudential Financial

• AM Best Rating: A+
• J.D. Power Rating: 881/1,000
• Products: Term, whole life, universal life, variable life

Prudential offers very highly rated term and permanent life insurance policies. Customers praise their strong customer service and streamlined underwriting.

First Insurance Services

• AM Best Rating: Not rated
• Products: Life, health, disability

This family-owned independent agency provides personalized service and competitive rates from highly-rated insurance carriers.

State Farm

• AM Best Rating: A++
• J.D. Power Rating: 879/1,000
• Products: Term, whole life, universal life

State Farm is one of the largest insurers in North Carolina with an extensive agent network. Its life insurance gets excellent ratings for value and customer satisfaction.

Nationwide

• AM Best Rating: A+
• J.D. Power Rating: 876/1,000
• Products: Term, indexed universal life, whole life, variable life

Nationwide offers a nice range of policy types at affordable rates. Customers cite good pricing, helpful agents, and smooth service.

Farmers Insurance

• AM Best Rating: A
• J.D. Power Rating: 875/1,000
• Products: Term, universal life, whole life

Farmers Insurance provides all the standard life insurance offerings at competitive prices. Policyholders give Farmers strong ratings for agent expertise.

Amica Life

• A.M. Best Rating: A+
• Products: Term, whole life, indexed life

Amica Life is known for great customer service and simple, transparent life insurance products with strong financial backing.

Based on financial stability, products offered, and customer feedback, these top-rated insurers represent the best options for life insurance in North Carolina.

What to Consider When Choosing Life Insurance in North Carolina

When reviewing life insurers in North Carolina, keep the following key factors in mind:

Financial strength ratings – Insurers should have at least an “A” rating from A.M. Best indicating excellent financial strength to pay out claims.

Policy options – Look for term, whole, universal and variable life options to suit different needs.

Price – Compare quotes to find the most affordable premiums for your situation.

Customer service – Insurers should have positive feedback for helpfulness of agents and smooth claims handling.

Local agents – Having knowledgeable local agents to work with can provide added value.

Complaint index – Lower complaint ratios indicate happier customers overall.

Checking these criteria will help you select a reputable life insurance provider in North Carolina that offers robust coverage options at competitive rates with excellent service.

Analyzing the Top Life Insurance Companies in North Carolina

Now let’s take a closer look at what makes the highest-rated life insurers stand out in terms of products, pricing, ratings, and customer service:

Guardian Life

Policies Offered: Term, whole life, universal life, indexed life

Pricing:*

• Term Life: $25 monthly for $250,000 policy for 30-year-old male

• Whole Life: $100 monthly for $500,000 policy for 40-year-old male

Pros:

• Wide range of policy types
• Competitive premium rates
• Streamlined underwriting
• Excellent financial strength (A++ from A.M. Best)

Cons:

• Limited online support
• Mixed reviews for claims processes

With an extensive suite of life insurance offerings, highly rated customer service, and solid financial backing, Guardian Life is a leading choice for life insurance in North Carolina.

Prudential Financial

Policies Offered: Term, whole life, universal life, variable life

Pricing:

• Term Life: $27 monthly for $250,000 policy for 30-year-old male

• Whole Life: $110 monthly for $500,000 policy for 40-year-old male

Pros:

• Wide range of permanent and temporary coverage
• Very good rates, especially for seniors
• Exceptional financial strength (A+ from A.M. Best)

Cons:

• Mixed reviews for claims handling
• Can be more expensive for younger buyers

With its broad policy selection, competitive pricing, and great financial backing, Prudential stands out as a top insurer for life insurance in North Carolina.

First Insurance Services

Policies Offered: All types of life insurance

Pricing: As an independent agency, First Insurance Services provides quotes from 25+ life insurance carriers to find you the lowest rates.

Pros:

• Access to coverage from many top-rated insurers
• Customized quotes based on individual needs
• Exceptional customer service as a family-owned agency
• No pressure sales approach

Cons:

• As an independent agency, no direct financial strength rating

First Insurance Services makes shopping for life insurance easy by doing the legwork of finding you the right policy at the best price from its extensive carrier partners.

State Farm

Policies Offered: Term, whole life, universal life

Pricing:

• Term Life: $21 monthly for $250,000 policy for 30-year-old male

• Whole Life: $100 monthly for $500,000 policy for 40-year-old male

Pros:

• Low rates and discounts available
• Extensive agent network
• Strong customer service reputation
• Excellent financial strength (A++ from A.M. Best)

Cons:

• Limited permanent life options
• Mixed reviews for claims and underwriting processes

State Farm offers an easy entry point to purchasing life insurance with a dense network of local agents and highly rated products.

Nationwide

Policies Offered: Term, whole life, universal life, indexed life, variable life

Pricing:

• Term Life: $26 monthly for $250,000 policy for 30-year-old male

• Whole Life: $95 monthly for $500,000 policy for 40-year-old male

Pros:

• Broad range of policy types
• Competitive pricing and discounts available
• Excellent financial strength (A+ from A.M. Best)

Cons:

• Reports of annual rate hikes on renewals
• Customer service ratings just average

With its diverse selection of permanent and term life insurance at affordable rates, Nationwide is a strong choice for coverage in North Carolina.

Farmers Insurance

Policies Offered: Term, universal life, whole life

Pricing:

• Term Life: $29 monthly for $250,000 policy for 30-year-old male

• Whole Life: $105 monthly for $500,000 policy for 40-year-old male

Pros:

• Simple selection of commonly-purchased policies
• Access to discounts and benefits for bundling home/auto
• Solid financial strength (A from A.M. Best)

Cons:

• Mixed reviews for claims processes and customer service
• Pricing can be higher than some competitors

Farmers Insurance delivers solid life insurance options for North Carolina residents seeking a bundled home and auto discount.

Amica Life

Policies Offered: Term, whole life, indexed life

Pricing:

• Term Life: $24 monthly for $250,000 policy for 30-year-old male

• Whole Life: $105 monthly for $500,000 policy for 40-year-old male

Pros:

• Low-cost term life policies
• Simplified underwriting process
• Renowned customer service

Cons:

• Limited policy selection
• Still growing life insurance business

Amica Life keeps coverage straightforward and affordable with excellent service backing its term and permanent life insurance offerings.