Discussing life insurance for seniors in North Carolina might not be as much fun as taking a day trip to the Carolina coast, but it is nice to know that there is a way to prepare for final expenses like funerals, settling up credit card debt, and even leaving some money behind for family members. Seniors and their family members have a variety of life insurance choices. It is essential to find the right one before making a purchase decision.
We make it fast and easy to compare life insurance for seniors in North Carolina. You can complete our simple online form and view life insurance quotes within seconds.
Life Insurance for Seniors in North Carolina: State Demographics
These are some interesting facts about senior citizens in North Carolina:
- Average NC age of death: 79.6
- NC population over 65: 14.3%
- Average NC home value: $153,600
- Average NC household income: $46,450
More senior citizens live in the largest North Carolina cities, and here is a list of those cities with their total population:
- Charlotte: 731,424
- Raleigh: 403,892
- W. Raleigh: 338,759
- Greensboro: 269,666
- Westboro: 229,617
Quotes for Whole Life Insurance for Seniors in North Carolina
Many North Carolina senior citizens, from 50 to over 80 years old, can find affordable life insurance. You probably already know that premiums could depend upon age, health, location, and insurer. We give you an opportunity to see personalized prices online.
To give you an example, consider these sample monthly life insurance premiums for an 81-year-old North Carolina man who does not smoke and wants permanent life insurance:
- $8,000: $116.67
- $12,000: $173.33
- $20,000: $313.01
Note: These prices are samples, and your own may vary because of your age, the type of coverage you want, your health, and the insurance companies you compare.
Types of Life Insurance for Senior in North Carolina
If you are shopping for yourself or elderly parents, you might consider these kinds of life insurance:
Term Life Insurance for Seniors
Usually only available for younger senior citizens with no severe medical issues, term policies will be cheaper than permanent policies. People in their 50’s and 60’s may also be able to find no medical exam term life, but they will still need to answer health questions.
Whole Life Insurance for Seniors
This is permanent insurance that does not expire like term life insurance, so premiums will be somewhat higher. Depending upon health, you can choose between guaranteed acceptance and simplified issue policies.
When you look for life insurance for older seniors, it is important to understand the difference between guaranteed acceptance and simplified issue. They are both no exam policies. Guaranteed life insurance for seniors is often advertised on TV, and it is true that you do not have to answer any health questions on the application. The problem is that these life insurance plans will cost more and impose a waiting period before paying out the full benefits.
It is better to try to qualify by answering a few questions to get cheaper premiums and an immediate death benefit. If you’re not sure which option is better for you, you can always contact us for help.
Life Insurance for Seniors in North Carolina: Compare Quotes and Plans Online
In fact, we want to help you find the best policy for you or your elderly parents. By filling out our quick form, you can see offers from the best life insurance companies in North Carolina. We strive to help all of our clients find the right policy at a fair price.