Charleston Life Insurance

Find the right life insurance policy for you.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.


Charleston is home to many great historical sites and cultural venues, from Drayton Hall, one of the oldest unrestored plantation homes in America, to the Gibbs Museum of Art. These local wonders are part of what attracts retirees to South Carolina. In fact, the median age here rose from 22 in 1940 to 35 in the year 2000, and it has continued to climb. Whether you have a young family or you are looking to prepare for retirement and beyond, you may be considering Charleston, SC life insurance as a means to protect your family or meet your financial goals.

Use our independent agent matching system to find the best insurance plan in your area. You tell us what you’re looking for, and our technology will recommend the best agents for you. Any information you provide will be sent to only the agents you pick. We do not sell to third parties.

South Carolina Health Ranking

  • South Carolina ranks 49th in the U.S. for diabetes.
  • South Carolina ranks 39th in the U.S. for smoking.
  • South Carolina ranks 42nd in the U.S. for obesity.

Reasons to Have Life Insurance

The most important reason to have a Charleston life insurance policy is to provide financial protection should you die unexpectedly. Will your family be able to cope when they no longer have your income to survive financially? Almost everyone has residual debts that remain outstanding after their passing. Your survivors will inherit these costs. There is also the cost of funeral expenses, and if you’ve had a lengthy illness, you may have accumulated costly medical debts that your health insurance plan may not fully cover. Life continues, and your survivors must pay your bills. So it is vital to have a life insurance policy to address these pressing financial concerns.


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Types of Life Insurance Policies

A life insurance policy is available in two basic formats. These are the two types:

  • Term Life Insurance
  • Permanent life Insurance

Term Insurance Explained

Term life insurance is the most common type of life insurance policy chosen by people because of its basic simplicity. Term insurance is also the least expensive. Although a term policy can cover you for life, you buy it in periods of 5, 10, 20 or 30 years for example. You can also purchase term insurance to cover you to a specific birthday such as age 55 or 65 for example. Term insurance pays out death benefits only. You have the option to renew term insurance as well as convert it to a permanent insurance policy. You can choose from three types of term policies:

  • Level term
  • Decreasing term
  • Increasing term

Permanent Insurance Explained

A permanent policy is a bit more complicated as it not only provides for death benefits, but it also includes a savings/investment component. These policies are more expensive than term insurance for this reason. These are the two basic kinds of policies:

  • Whole life
  • Universal life

Permanent policies are lifetime policies. Another convenient aspect of many permanent policies is the ability to borrow against the savings/investment element of the policy. A variety of these kinds of policies is available. You can speak directly with a knowledgeable agent in our network for more information.

Applying for a Policy

Once you have decided whether to opt for a term policy or a permanent policy, you must then decide on the amount of death benefits coverage. This coverage should reflect your current financial situation and your future needs. You can apply through a website but do so with caution as you may not know all the implications of the contract. Most life insurance policies require you to provide some medical information and history through a questionnaire, or they require you to have a medical examination. Some life insurance policies do not require a medical examination or questionnaire, but these policies are always more expensive than those which require an exam.


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How to Choose a Life Insurance Plan

The most practical method of finding a competitive Charleston life insurance policy is through a local independent insurance agent in our network. Your agent can find you Charleston life insurance quotes from various vendors that you can then review before choosing the right coverage.

Contact an agent today for your quotes and for help in selecting your Charleston life insurance.

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