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? Name Email Address Question Thank you! Oops! Related Contents The Best of Both Worlds Here are a few reasons we’ve chosen to be independent. Insurance Needs Assessment: When You're Young and Single Even if you’re young and single, you should still consider protecting yourself. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.