What is a Carrier? Carrier[kar-ee-er]noun1.The Carrier is the insurance company that provides a specific Policy and is the company that a policyholder will pay Premiums to. The Carrier is ultimately responsible to pay out Claims. Share | Have A Question About This Topic? Address Thank you! Oops! Related Contents The Best of Both Worlds Here are a few reasons we’ve chosen to be independent. A Look at Whole Life Insurance Whole life insurance remains in force as long as you remain current with premiums. Here's how it works. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.