--- title: Life Insurance in Concord, NC: Free Quotes and Local Facts url: https://coverfolk.com/states/north-carolina/concord updated: 2026-10-08 --- # Life insurance in Concord, NC Get a free price from a North Carolina agent, and see what families in Concord usually need. [Local facts](#local) Updated October 8, 2026[Fact checked](/editorial-standards) Concord112,398 people The short answer Families in Concord earn a median $86,964 a year, and the typical owned home is worth $373,400. A simple rule puts the need for a typical family here at about **$1,150,000**. Term life is usually the lowest cost way to get there. ## Concord by the numbers Median household income : $86,964Higher than the North Carolina median of $73,958 Typical home value : $373,400Higher than the North Carolina median of $333,000 Homes owned : 61%72% of owned homes have a mortgage Households with kids : 43%41,845 households in all Age 65 and older : 12%Median age 35.3 Veterans : 3,4584.1% of adults ## Living in Concord Concord is the 10th largest city in North Carolina, with 112,398 residents and a median age of 35.3. That is younger than the state as a whole, so more families here are in the years when term life matters most. The median household here earns $86,964, above the US median of $81,604. The typical home costs about 4.3 times that income. Compared with nearby Charlotte (17 miles away), homes in Concord are worth less ($373,400 vs $431,900), and more households have kids at home. The biggest hands on job group here is health care, at 8.5% of workers. Health care workers on shifts and contracts can lose group coverage between jobs. ## Who works in Concord The biggest groups of hands on and front line jobs here, as a share of all workers. Some of these jobs can change your price, and some companies treat them better than others. **Health care**8.5%[Nurses](/jobs/nurses)[EMTs and paramedics](/jobs/emts-paramedics)[Doctors](/jobs/doctors) **Driving and moving goods**8.4%[Truck drivers](/jobs/truck-drivers)[Rideshare and delivery](/jobs/rideshare-drivers)[Warehouse workers](/jobs/warehouse-workers) **Sales**8.1%[Real estate agents](/jobs/real-estate-agents)[Self employed](/jobs/self-employed) **Construction**6.5%[Construction](/jobs/construction-workers)[Roofers](/jobs/roofers)[Electricians](/jobs/electricians) ## What fits families in Concord **Mortgage protection** 72% of owned homes in Concord still have a mortgage. If your family would struggle to make that payment without you, size a policy to the loan. [More on mortgage protection](/coverage/mortgage-protection) **Term life for parents** 43% of households here have kids under 18. Term life covers the years they depend on you for the lowest price. [More on term life](/coverage/term-life) **Final expense** 12% of people in Concord are 65 or older, lower than the North Carolina rate. A small policy keeps funeral costs off the family. [More on final expense](/coverage/final-expense) **Veterans** About 3,458 veterans live in Concord. VGLI is not your only choice. [More on veterans](/jobs/veterans) ## Final expense and burial insurance in Concord About 13,700 people in Concord are 65 or older. A small final expense policy, also called burial insurance, pays for the funeral so the family does not have to. | Age | Women, $10,000 | Men, $10,000 | | --- | --- | --- | | **60** | $33 | $43 | | **70** | $53 | $70 | | **80** | $98 | $134 | National sample rates, Choice Mutual, Rates valid as of March 9, 2026. Not a quote. [Funeral costs and help in North Carolina](/funeral-costs/north-carolina) ## North Carolina rules that protect you * Free look: 10 days to return a new policy for a refund * Grace period: 31 days if you miss a payment * Guaranty protection: up to $300,000 in death benefits * Help line: North Carolina Department of Insurance, 855-408-1212 [All North Carolina rules](/states/north-carolina) ## Common questions in Concord How much life insurance do I need in Concord? A quick rule of thumb: 10 years of income plus what you owe on your home. With Concord's median household income of $86,964 and a typical home value of $373,400, that lands near $1,150,000 for a typical family. Your number depends on your debts, kids and savings. Our calculator does the math. Can I get life insurance in Concord without a medical exam? Often, yes. Many companies approve healthy people with health questions and records instead of an exam. Older buyers can also look at simplified issue or guaranteed issue final expense plans. Do I need an agent licensed in North Carolina? Yes. An agent must hold a North Carolina license to sell you a policy. You can check a license with the North Carolina Department of Insurance at 855-408-1212. Source: [North Carolina Department of Insurance](https://www.ncdoi.gov) What does a funeral cost near Concord? Local prices vary by funeral home. Nationally, the median funeral with viewing and burial was $8,300 in 2023, and $6,280 with cremation (NFDA). Under the FTC Funeral Rule, any funeral home in Concord must give you an itemized price list. Source: [FTC Funeral Rule](https://consumer.ftc.gov/articles/ftc-funeral-rule) · [NFDA price study](https://content.nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral) What happens if my insurance company fails in North Carolina? The North Carolina Life & Health Insurance Guaranty Association protects North Carolina policyholders up to $300,000 in death benefits, per insured person. Source: [North Carolina Life & Health Insurance Guaranty Association](https://www.nclifega.org/) · [NOLHGA: how you are protected](https://nolhga.com/policyholders/how-youre-protected/) ## Near Concord [Charlotte](/states/north-carolina/charlotte) (17 mi), [Winston-Salem](/states/north-carolina/winston-salem) (53 mi), [High Point](/states/north-carolina/high-point) (55 mi), [Greensboro](/states/north-carolina/greensboro) (67 mi), [Fayetteville](/states/north-carolina/fayetteville) (96 mi), [Cary](/states/north-carolina/cary) (105 mi) ## Sources 1. [Census ACS 2024 1 year estimates, table based summary file](https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/) 2. [Census 2024 Gazetteer place file](https://www.census.gov/geographies/reference-files/time-series/geo/gazetteer-files.html) 3. [2023 NFDA General Price List Study Shows Inflation Increasing Faster than the Cost of a Funeral (NFDA)](https://content.nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral) 4. [North Carolina Department of Insurance](https://www.ncdoi.gov) 5. [North Carolina Life & Health Insurance Guaranty Association](https://www.nclifega.org/) Local numbers are Census American Community Survey 2024 one year estimates for Concord, NC. The coverage figure is a rule of thumb, not advice.