South Carolina Life Insurance [2024]

South Carolina life insurance compares favorably for cost, premiums, and can be provided by some of the best life insurance companies. Life insurance is very similar from state-to-state, with a few exceptions, so expect your South Carolina term life insurance quotes to be similar to other states.

This guide should help you understand the differences in South Carolina life insurance as well as find resources for life insurance in SC. We’ll also show you how to get the best life insurance in South Carolina.

Before we dive into this guide, find affordable South Carolina life insurance rates by clicking on our FREE quote tool above. Get started now.

How do I get South Carolina life insurance quotes?

We offer South Carolina residents life insurance from several A-rated life insurance companies. South Carolina life insurance tends to be middle-of-the-pack based on premiums written, according to the Insurance Information Institute.

There are a few things to know about life insurance quotes in SC.

Policy Cost – The premium (cost) you pay for your life insurance policy does not vary by state. It is the same regardless of which state you live in. Premiums are set by life insurance companies then approved by the Department of Insurance, SC.

Company Availability – Not all companies are available in every state. For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won’t be available in your state. Company availability changes often due to new filings.

Product Availability – There are instances where life insurance companies offer only specific products or riders in a state. For example, a company may offer a child insurance rider on their policy, but the feature may not be available in all states. These exclusions can be viewed by clicking on the life insurance companies in the list below.

South Carolina life insurance also offers residents a free look period minimum of 10 days, a 30-day grace period, a guarantee of death benefit claims up to $300,000. This is the most important of the South Carolina life insurance specifics.

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How much is life insurance in South Carolina?

You may be wondering what to expect with South Carolina life insurance rates. In the chart below, you’ll find what the best life insurance companies in South Carolina charge based on age, marital status, and gender for non-smokers. However, your rates might be different, especially if you smoke.

You can also see how many life insurance companies there are in South Carolina versus the other southern states.

According to the chart, there are six South Carolina life insurance companies that specifically do business within the state. So, chances are, those six companies will be the ones to offer the best life insurance in South Carolina.

That also means more South Carolina life insurance policy options for you. That said, there are many out-of-state life insurance providers for SC life insurance. There are over 1500 licensed insurers for South Carolina life insurance. 

What is the South Carolina Guaranty Association?

State guaranty associations are committed to protecting resident policyholders and beneficiaries in the event of an insurance company insolvency. The association is made up of all insurance companies licensed to sell life insurance, health insurance, and annuities in the state.

If an insurance company becomes insolvent (goes out of business), the association steps in to protect policyholders by continuing coverage and paying claims, up to defined limits.

In South Carolina, a life insurance policy is protected up to $300,000. This amount is the maximum benefit provided for any one life. In other words, multiple policies on any one person are limited to this amount.

Who do I contact about South Carolina life insurance?

Here is a list of all the necessary state contacts for residents with South Carolina life insurance claims and other related matters.

South Carolina Guaranty Association

If you need information about a South Carolina life insurance or South Carolina health insurance guaranty, contact the South Carolina Life & Accident & Health Insurance Guaranty Association at 1-803-276-0271 or visit the website.

South Carolina Insurance Department

For the latest updates from the South Carolina Department of Insurance, you can call 1-800-768-3467 or visit the website. This department is also sometimes known as the South Carolina Life Insurance Commission.

You can also obtain up-to-date information on any agent or entity’s South Carolina insurance verification, including if they need a South Carolina insurance license renewal, and obtain a copy of a South Carolina insurance license. Print or email options are likely available.

Here, you can access the South Carolina Department of Insurance license lookup as well. This South Carolina life insurance license lookup will ensure you are choosing a licensed company.

South Carolina life insurance license requirements are strict, and everyone selling life insurance has to pass the South Carolina life insurance exam.  Making sure you choose a licensed company protects you.

Life Insurance – S.C. PEBA

The South Carolina Public Employee Benefit Authority is another organization that is responsible for the oversight of South Carolina insurance for public employees.

Similar to the South Carolina Department of Insurance, the SC PEBA is a state-run agency. They have a greater focus on providing insurance to retired South Carolina residents. They offer basic, optional, and dependent life insurance.

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Which companies provide life insurance in South Carolina?

There are plenty of life insurance providers in SC. Below is a list of some of the best life insurance companies in South Carolina.

American General Life Insurance Company

Banner Life Insurance Company

Fidelity Life Association

Haven Life / MassMutual

John Hancock Life Insurance Company

Lincoln National Life Insurance Company

Metlife Life Insurance Company

North American Company for Life & Health Insurance

Pacific Life & Annuity Company

Principal Life Insurance Company

Protective Life Insurance Company

Pruco Life Insurance Company (Prudential)

Sagicor Life Insurance Company

Transamerica Life Insurance Company

United of Omaha Life Insurance Company

As you can see, there are plenty of options for you to buy South Carolina life insurance.

Life Insurance in South Carolina: The Bottom Line

South Carolina life insurance is affordable and easy to find. You can choose from most of the top life insurance companies in the United States. South Carolina life insurance offers a free look period, a grace period for non-payment, and a death benefit guarantee.

Curious about how much you’ll pay for South Carolina life insurance? Don’t wait — Use our free quote tool below to get affordable life insurance rates in South Carolina. Get started now.

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