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Life Insurance

Since 2013, as a 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 exams1

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

  • Trusted, unbiased guidance

    Insurance specialists provide the same member-focused service you’ve become accustomed to at the Credit Union.

  • 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 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 are based on $100,000 of coverage.

 20-year Term Life2Whole Life3
Male age 25
$9.33$80.75
Male age 35$12.83$116.83
Male age 45$31.33$174.87

 

 20-year Term Life2Whole Life3
Female age 25
$7.17$68.58
Female age 35$9.92$99.33
Female age 45$22.92$145.25

 

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Group Term Life Insurance for kids & teens

FAT CAT® and Zard® Account holders receive $1,000 of Group Term Life Insurance at no cost.4 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

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. Applications are subject to underwriting. Decisions are based, in part, on the applicant's responses to medical questions.
  2. The monthly premiums listed are for a no-nicotine use Term Life Insurance policy that has a level premium during the term selected. After the term, your premiums will increase annually. Other coverage amounts and nicotine use policy rates are available. Applications are subject to underwriting. Forms SITL-POL-112021 and SLOTL-POL-122023.
  3. The monthly premiums listed are for a no-nicotine use level premium Whole Life Insurance policy. Other coverage amounts and nicotine use policy rates are available. Applications are subject to underwriting. Form SIWL-POL-112021.
  4. 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.