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North Carolina Life Insurance

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Why Do I Need Life Insurance in North Carolina? Here are some quick facts

North Carolina is ranked 10th highest populated state in the US. Life Expectancy of residents in North Carolina is 75.8 years. For every 100,000 people in North Carolina, the death rate is

These figures tell us why we should secure our life by purchasing North Carolina Term Life Insurance.

Benefits of Having Life Insurance in North Carolina

The State Insurance Code of North Carolina regulates the life insurance industry in the state. The code safeguards the interests of anyone purchasing North Carolina Life Insurance Policy through provisions such as:

Free Look: Under the State Insurance Code of North Carolina, every life insurance plan must contain a "free look" provision. This "free look" allows you to cancel your policy even if you have signed a contract and have received all policy documents from the life insurance company. Most companies will give a 10-day period for cancellation of the policy, but some may even extend this "free look" period to 30 days.

Processing of Death Benefits: North Carolina Life Insurance companies are required to settle death claims as soon as possible. If all documents are in order, this is usually 2 months. The State Insurance Code of North Carolina allows for accumulation of interest on death benefits if they are not paid in a timely manner.Interest begins on the first day a claim is filed and increases if payment is not paid within 2 months.

Grace Period: North Carolina Life Insurance companies must provide a 30-day grace period to insurance holders who miss a payment for any reason. A 30-day grace period allows you to bring the account to current status. If payment is not made during this grace period the insurer can cancel the policy for non-payment.

Under the State Insurance Code, North Carolina life insurance companies have the right to review a policy for any discrepancies up to two years after it has been issued. If wrong information has been given on the application, the policy can be immediately terminated.

Start Now! Request a Quote from North Carolina Term Life Insurance Providers at AccuQuote!

Give AccuQuote a call today at 800-442-9899, and let us help you quickly and easily find the best rates for life insurance in North Carolina without ever leaving your home or office. Or, fill out our free life insurance quote request form.