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Life Insurance

Since 2013, our wholly-owned life insurance company, SECU Life, has offered simple, straightforward life insurance products to residents of North Carolina. If you have (or plan to have) assets or dependents, a life insurance policy can help provide financial security for your loved ones.

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Plan for the uncertainties of tomorrow

Life insurance provides peace of mind that your family is financially protected after you pass away. SECU Life builds on the Credit Union’s history of “People Helping People®” and member-focused service.

  • No medical exams

    SECU Life does not require a medical exam to obtain coverage.

  • Trusted, unbiased guidance

    Our insurance specialists provide the same member-focused service you've become accustomed to at SECU.

  • Simplified process

    Our simplified process means that, if approved, you can obtain coverage today.

Straightforward options to fit your needs

SECU Life offers two standard life insurance products: Term Life and Whole Life. Each product provides level coverage and level premiums.

Term Life

Term Life Insurance is designed to meet temporary needs, such as replacing income, paying off debt, childcare expenses, and education. Term Life is generally the most cost-effective way to obtain life insurance.

 

Best for
Anyone with debt, dependents, or other temporary needs.

 

Policy length
Choose 10, 15, 20, 25, or 30 years.

 

Cost
See sample premiums below. Get a quote online or contact an insurance specialist at (855) 732-8467.

 

Eligibility
Individuals between ages 15 and 59.

 

Maximum death benefit
$500,000 for ages 18-50.

$250,000 for ages 15-17 and 51-59.

 

Does it build cash value?
No.

Whole Life

Whole Life Insurance is designed to meet permanent needs, such as leaving an inheritance or paying final expenses related to funeral costs and medical bills.
 

 

Best for
Anyone wanting to leave an inheritance or cover final expenses and other permanent needs.

 

Policy length
Coverage for the insured’s lifetime.

 

Cost
See sample premiums below. Get a quote online or contact an insurance specialist at (855) 732-8467.

 

Eligibility
Individuals between ages 0 and 69.

 

Maximum death benefit
$100,000 for ages 15-69.

$50,000 for ages 0-14.

 

Does it build cash value?
Yes.

Get a quote

Life insurance sample premiums

Table figures reflect monthly premiums for $100,000 of coverage.

 10-Year Level Term120-Year Level Term130-Year Level Term1Whole Life2
Male age 25
10-Year Level Term1$8.2520-Year Level Term1$9.3330-Year Level Term1$11.58Whole Life2$80.75
Male age 3510-Year Level Term1$9.5820-Year Level Term1$12.8330-Year Level Term1$21.17Whole Life2$116.83
Male age 4510-Year Level Term1$18.5020-Year Level Term1$31.3330-Year Level Term1$57.50Whole Life2$174.67

 

 
10-Year Level Term120-Year Level Term130-Year Level Term1Whole Life2
Female age 2510-Year Level Term1$6.3320-Year Level Term1$7.1730-Year Level Term1$8.75Whole Life2$68.58
Female age 3510-Year Level Term1$7.9220-Year Level Term1$9.9230-Year Level Term1$15.42Whole Life2$99.33
Female age 4510-Year Level Term1$13.5820-Year Level Term1$22.9230-Year Level Term1$37.17Whole Life2$145.25
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Annuities

If you want to save more for retirement or need guaranteed3 retirement income, annuities can help you meet your goals. SECU Life Insurance Company offers simplified deferred and immediate annuities. Both annuity products are fixed, meaning interest rates are predetermined4 and payouts do not vary with market fluctuations.

Is an annuity right for you? Contact an insurance specialist at (855) 732-8467 to discuss your options.

Group of diverse kids and teens

Group Term Life Insurance for kids & teens

FAT CAT® and Zard® account holders receive $1,000 of Group Term Life Insurance at no cost.5 Coverage can be increased to $10,000 for $18 per year by a parent or legal guardian on the child’s behalf. This additional coverage must be purchased within 30 days of account opening.

Learn more

Frequently asked questions about life insurance

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  • Health Insurance

    As an authorized agency of Blue Cross and Blue Shield of North Carolina®, we offer health insurance plans.
  • Medicare Plans

    Healthpilot is here to help simplify your search for Medicare plans.
  • Travel Insurance

    Purchase travel insurance through Allianz for protection against trip cancellations, delays, illness, accidents, and more.
  • Kids & Teens

    Our FAT CAT® and Zard® programs empower our youngest members with products designed to help them develop money management skills.
  • Trust Services

    Help your plan go according to plan. Trust Services offered through Members Trust Company.

Life insurance is offered through SECU Life Insurance Company. SECU Life Insurance Company is a wholly-owned subsidiary of State Employees’ Credit Union. Life insurance is not guaranteed by, a deposit of, or an obligation of any credit union and is not insured by NCUA or any other federal government agency. Insurance Representatives are licensed to sell in North Carolina only.

  1. The monthly rates listed are for standard class, non-nicotine use, unless otherwise noted. This is a level premium Term Life policy with a level death benefit renewable to age 90. Premiums will increase annually after the initial term period. Applications are subject to underwriting. Other amounts available. Form SITL-POL-112021.
  2. The monthly rates listed are for a level premium Whole Life policy. Applications are subject to underwriting. Other amounts are available. Form SIWL-POL-112021.
  3. All guarantees are subject to the claims paying ability and financial strength of SECU Life Insurance Company.
  4. Interest rates are subject to change daily. The initial interest rate will be guaranteed for the guarantee period. Afterwards, interest rates are subject to change annually, but not below the minimum guaranteed interest rate on the contract.
  5. FAT CAT and Zard Group Term Life Insurance is provided by SECU Life Insurance Company. SECU Life Insurance Company is a wholly-owned subsidiary of State Employees’ Credit Union. Life insurance is not guaranteed by, or an obligation of, any credit union and is not insured by NCUA. Insurance representatives are licensed to sell in North Carolina only.