Skip to main content
Mother and father swinging child

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.

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.


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


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?

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.


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


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?

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
Male age 35$9.58$12.83$21.17$116.83
Male age 45$18.50$31.33$57.50$174.67


10-Year Level Term120-Year Level Term130-Year Level Term1Whole Life2
Female age 25$6.33$7.17$8.75$68.58
Female age 35$7.92$9.92$15.42$99.33
Female age 45$13.58$22.92$37.17$145.25
Young man on couch using laptop


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.

Frequently asked questions about life insurance

Yes, all applicants must be North Carolina residents. 

How much coverage you need depends on your individual circumstances. If you have a young family that depends on your income, a Term Life policy several times your salary to replace that income might meet your needs. If you are a stay-at-home parent, a Term Life policy to provide for childcare and other work you do may be appropriate. If you have no dependents or debt (and no plans to take on debt), then a smaller Whole Life policy to cover final expenses (funeral, medical bills, etc.) might be right for you. Your unique situation and comfort level may dictate a higher or lower level of coverage. Contact an insurance specialist at (855) 732-8467 to discuss which option(s) may be best for you.

No, SECU Life policies do not require a waiting period before coverage is effective. Coverage begins after we receive a signed, approved application and the initial premium.

Yes, you can make certain changes to your existing policy, including changing beneficiaries, updating payment information, and decreasing coverage. To increase coverage or change the type of coverage, you would need to reapply.

The premium stays the same during the level term (10, 15, 20, 25 or 30 years) of a Term Life policy and for the life of a Whole Life policy.

Yes, members will commonly purchase both a larger Term Life policy for temporary needs like income replacement and debt payoff plus a smaller Whole Life policy for their longer-term needs like final expenses.

Processing claims is our top priority, as there is nothing more important than helping grieving loved ones access policy benefits quickly and easily. To process a life insurance claim, we require a completed claim form, a copy of the death certificate, and a photo ID of the beneficiary. To obtain a claim form, call SECU Life at (855) 732-8467 or visit a local branch.

Related resources

  • hand at desk with calculator


    Calculate Your Net Worth

    Use our calculator to see where you stand financially.
    View calculator