What’s the difference between term and whole life insurance?

Term life covers you for a set period (like 20 or 30 years) and is usually the most affordable way to get higher coverage amounts. Whole life is designed to last your entire life, often with fixed premiums and a cash value component. We’ll show you how each works and when a combination might be right.

Can I have more than one life insurance policy?

Yes. Many people combine an employer-provided policy with individual term or whole life coverage. Others layer multiple term policies for different needs. We’ll help you make sure your total coverage is coordinated and not overlapping unnecessarily.

Can I get life insurance with no medical exam in SC?

In many cases, yes—especially for smaller coverage amounts or certain ages. Some carriers offer simplified or no-exam options, though they may cost more than fully underwritten policies. We’ll discuss the pros and cons based on your situation.

At what age should I get life insurance?

The best time is usually when someone would be financially impacted by your loss—such as when you get married, buy a home, start a family, or launch a business. In general, the younger and healthier you are, the easier it is to qualify for more coverage at lower rates.

How do life insurance payouts work in South Carolina?

When the insured person passes away, the beneficiary files a claim with the insurance company. After reviewing the claim and policy details, the insurer typically pays the death benefit as a lump sum, which is generally income-tax free under current IRS rules (consult your tax professional for specifics).

What’s the benefit of using a local agent for life insurance?

A local agent can meet with you in person, help loved ones file claims when the time comes, and stay in touch as your needs change. You’ll have a familiar team in Spartanburg who understands your family’s story—not just an 800 number.

Life Insurance in Spartanburg, SC and Surrounding Communities

Secure your family’s future in Spartanburg with life insurance coverage tailored to your goals, budget, and stage of life.

Life insurance is about more than numbers on a page—it’s about protecting the people and plans that matter most. At Select Source Insurance, we’ve been helping Upstate South Carolina families plan ahead for decades, offering access to policies from 25+ trusted life insurance companies. Whether you’re just starting a family, preparing for retirement, or planning final expenses, we’ll guide you through your options and help you choose life insurance that makes sense today and tomorrow.

Talk with a Local Agent

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Client Testimonials

"Family run business that really cares about their customers and getting them the best deal possible. Very satisfied with our experience and will be using them for all of our insurance needs for the foreseeable future!"

Abbey U.

“My fiancé and I had searched high and low, and gotten multiple quotes to try and lower our insurance rates. Select Source is amazing! Aaron has been very quick and to the point, which I definitely appreciate, and always there when we need help! Could not recommend a better insurance company, which is hard to find these days!”

Skylyn P.

“Had a wonderful experience with Select Source! They helped me on short notice efficiently and got everything done I needed in such a short amount of time. I was very impressed with the kindness of the staff!”

Philip H.

“Select Source Insurance is locally owned and owner operated. Doug works hard to take care of his customers. They are truly experts with the utmost in honesty and integrity. I don’t hesitate to recommend them to my friends and family. Give them a chance to earn your business and you won’t look back.”

John W.

Life Insurance for Spartanburg Families and Business Owners

Spartanburg is growing quickly, and so are the financial responsibilities that come with mortgages, college costs, growing families, and small businesses. The right life insurance plan helps make sure those responsibilities can still be met—even if you’re no longer here to handle them yourself. As a local, independent agency, we take time to understand your family, your goals, and your budget before recommending coverage. You won’t get a one-size-fits-all policy; you’ll get a plan designed around your life in Spartanburg and the surrounding Upstate communities.

A close up of a person holding a baby 's hand.

Term life insurance provides coverage for a set period of time—such as 10, 20, or 30 years—and is often the most affordable way to get a large amount of protection. Many Spartanburg families use term life to cover:

Mortgage balances and other major debts
Income replacement while children are growing up
College savings and future goals
Business loans or key person coverage

If you’re asking yourself, “How much life insurance do I need in Spartanburg?”, we’ll help you estimate an amount that fits your income, debts, and long-term plans—and then find term life options that fit your budget.

Whole life insurance is designed to last your entire lifetime, as long as premiums are paid. It typically includes:

Guaranteed death benefit (subject to policy terms)
Level premiums that don’t increase with age
A cash value component that can grow over time

Permanent life insurance can be useful if you want to:

Leave a guaranteed legacy for children or grandchildren
Help cover estate taxes or charitable giving goals
Provide long-term stability for a spouse or dependent with ongoing needs

We’ll compare multiple whole life policy options and help you weigh them against term life, so you can see what works best for your situation.

Final expense insurance (often called burial insurance) is designed to help loved ones pay for:

Funeral and burial or cremation costs
Medical bills not covered by health insurance
Small debts and immediate final expenses

These policies usually offer smaller coverage amounts with simplified underwriting, which may be a good fit if you’re primarily concerned about covering end-of-life costs and not large debts or income replacement. We’ll help you determine whether a dedicated final expense policy or a broader life insurance plan makes the most sense for your family.

Every family’s needs are different, and sometimes a combination of policies offers the best protection. We can help you explore:

Return-of-premium term life
Certain term policies can refund some or all of the premiums you paid if you outlive the term, subject to policy conditions.
Layered or “laddered” coverage
Combining multiple term policies with different end dates can match coverage to life stages—such as having more coverage while children are young and debts are higher.
Family life insurance coverage
Plans that help protect spouses, partners, and sometimes children under one coordinated strategy, rather than separate decisions made in isolation.

We’ll simplify the choices and make sure your life insurance plan fits your broader financial protection strategy.

A woman is holding a baby wearing a green and white striped shirt

How Much Life Insurance Do You Need in Spartanburg?

There’s no single number that fits everyone. The right amount of coverage depends on:

Your income and how long it would need to be replaced
Mortgage and other debts you’d want paid off
Children’s education and caregiving needs
A spouse or partner’s retirement plans
Existing savings, investments, and employer-provided benefits

We’ll walk through a simple, step-by-step conversation to estimate a coverage range that fits your situation. Then we’ll compare life insurance quotes from multiple carriers to find options that align with both your needs and your budget.

Estimate My Life Insurance Needs

Can You Get Life Insurance with No Medical Exam in South Carolina?

Many traditional life insurance policies still use medical exams and health questions to offer the best possible rates. However, there are also:

Simplified issue policies with only health questions
No-exam policies for certain ages and coverage amounts
Accelerated underwriting options that may use electronic records instead of an exam

Availability depends on your age, health history, coverage amount, and the carriers we consider. We’ll discuss whether a no-medical-exam option is realistic for you and compare it with fully underwritten policies so you can see the trade-offs between convenience, price, and coverage.

Ask About No-Exam Options

A man and a child are walking down a path holding hands.

Why Choose Select Source for Life Insurance in Spartanburg?

Life insurance is a long-term decision—it helps to work with someone who will still be there when your life changes.

What sets us apart:

Independent
We’re not tied to one company, so we can compare policies from many life insurance carriers.
Local
Our team lives and works in the Spartanburg area, so you’ll see familiar faces when you call or stop by.
Relationship-focused
We encourage regular “tune-ups” after big life events—marriage, a new baby, a home purchase, or a business launch—to keep your coverage aligned with your life.
Straightforward guidance
We explain options in clear language and never pressure you into a decision.

Meet with a Local Agent

How much life insurance do I need in Spartanburg?
A common starting point is 5–10 times your annual income, then adjusted for your mortgage, debts, children’s education needs, and existing savings. We’ll calculate a range with you and then match it to policies that fit your budget.
What’s the difference between term and whole life insurance?
Term life covers you for a set period (like 20 or 30 years) and is usually the most affordable way to get higher coverage amounts. Whole life is designed to last your entire life, often with fixed premiums and a cash value component. We’ll show you how each works and when a combination might be right.
Can I have more than one life insurance policy?
Yes. Many people combine an employer-provided policy with individual term or whole life coverage. Others layer multiple term policies for different needs. We’ll help you make sure your total coverage is coordinated and not overlapping unnecessarily.
Can I get life insurance with no medical exam in SC?
In many cases, yes—especially for smaller coverage amounts or certain ages. Some carriers offer simplified or no-exam options, though they may cost more than fully underwritten policies. We’ll discuss the pros and cons based on your situation.
At what age should I get life insurance?
The best time is usually when someone would be financially impacted by your loss—such as when you get married, buy a home, start a family, or launch a business. In general, the younger and healthier you are, the easier it is to qualify for more coverage at lower rates.
How do life insurance payouts work in South Carolina?
When the insured person passes away, the beneficiary files a claim with the insurance company. After reviewing the claim and policy details, the insurer typically pays the death benefit as a lump sum, which is generally income-tax free under current IRS rules (consult your tax professional for specifics).
What’s the benefit of using a local agent for life insurance?
A local agent can meet with you in person, help loved ones file claims when the time comes, and stay in touch as your needs change. You’ll have a familiar team in Spartanburg who understands your family’s story—not just an 800 number.

Protect What Matters Most

Life insurance is one of the most important financial decisions you can make for the people you love. Whether you need a simple term policy or a more detailed plan that combines term, whole life, and final expense coverage, our Spartanburg team is here to help you every step of the way.

Call Our Spartanburg Office