South Carolina is home to a large number of retirees and young families, according to the U.S. Census Bureau. If you have a spouse, children, or other loved ones who depend on your income, you may wonder how your family would cope financially if you could not provide for them. You can ensure that your family does not suffer financially from a personal tragedy by purchasing a South Carolina life insurance policy.
There are many types of life insurance, and you may have questions about the best policy and coverage amount for you. An independent insurance agent in our network can help you choose the best policy to meet your family's needs. Member agents have relationships with a variety of insurance companies, and can provide a selection of competitively-priced policies. Contact an agent in your ZIP code today to compare South Carolina life insurance quotes.
Average Life Expectancy
- Overall: United States, 78.6; South Carolina, 76.6
- Men: United Sates, 76.0; South Carolina 73.6
- Women: United States, 81.2; South Carolina, 79.5
- Caucasians: United States, 78.7; South Carolina, 77.7
- African Americans: United States, 74.3; South Carolina, 73.0
- Latinos: United States, 83.5; South Carolina, 79.7
- Asian American: United States, 87.3; South Carolina 83.2
If you are young and in good health, now is the time to consider how your loved ones will cope emotionally and financially after you pass away. At this time in your life, you can probably secure a policy at a very low rate. When it comes to life insurance, procrastination can be costly. A South Carolina life insurance policy may not seem necessary now, but if you have loved ones who depend on you, your coverage may save them from financial hardships in the event of a sudden tragedy.
If you wait to purchase coverage until an accident or illness occurs, you could have a difficult time finding adequate insurance coverage. A local independent agent can show you many forms of permanent life insurance, universal life insurance, and other coverage that can give your family peace of mind.
South Carolina's Leading Causes of Death in Recent Years
- Cancer: 22% of all deaths
- Heart disease: 24% of all deaths
- Stroke: 6% of all deaths
- Unintentional injuries: 5% of all deaths
- Chronic lower respiratory disease: 4% of all deaths
If you are married, would your spouse be able to afford to live in your home without your income? If you have children, would they be properly provided for in your absence? It is important to consider these issues before a health condition develops. Life insurance allows you to prepare for the unexpected.
In SC, unintentional injuries are the fourth leading cause of death, so it is important to think about how those dependent on you would cope if you were to unexpectedly die due to an accident. No matter what your age and physical condition may be, now is the best time to purchase life insurance, since premiums tend to grow more expensive as you age. A local agent can help you find the types of coverage that are the best fit for your current age and lifestyle.
A Steady Source of Income for Your Family
A South Carolina life insurance policy can provide your family with coverage for your final expenses. It can also give them the financial stability to maintain their standard of living for years to come. Some policies can even provide you with a sum of money that you can use if a financial hardship occurs while you are still living.
A form of life insurance known as an annuity can provide monthly income all the way through your retirement that can later provide income for your family after you are gone. Because there are so many forms of life insurance available, it is a good idea to talk to an independent agent. These agents are not bound to one insurance company, and can provide honest, thorough answers about the many coverage options that are available.
Types of South Carolina Life Insurance
- Term Life Insurance: Term life is purchased for a certain time frame, usually 10, 20 or 30 years. When the term ends, the policy is no longer effective. Term life insurance is often the least expensive option.
- Whole Life Insurance: Whole life does not expire. Your policy will remain effective for as long as you continue to pay your premiums. Your payments are rolled into investments, and build up equity that you can cash out when the need arises. You can also save your equity to be used as a payout for your loved ones after your death. Whole life insurance may be more costly than term life, but the payoff is more certain.
- Universal Life Insurance: Universal life is a flexible policy that combines the benefits of term and permanent life insurance. Like whole life, it accrues cash value, and you can take out loans out against your equity. You can even use your accumulated earnings to cover your premium costs when necessary.
These and many other forms of South Carolina life insurance can be purchased from most coverage providers. Each individual life insurance policy has different requirements and advantages. A local agent can discuss your dependents, lifestyle, and budget with you, and show you the insurance options that may be best for you. An agent can explain the differences between these policies and answer any questions you may have so that you can make an informed decision about your purchase.
Find the Right South Carolina Life Insurance Policy for You
It can be difficult to sift through the many types of life insurance and coverage levels available. An agent in our network can help you assess your coverage needs and explain each of your options to you. A local agent can provide honest information and excellent customer service, so you have all the necessary tools to make an informed decision. An independent agent works with several different insurance companies and can show you a variety of choices at a wide range of costs.
Contact an agent in your neighborhood to receive South Carolina life insurance quotes tailored to your needs.