Arizona Life Insurance

The thought of purchasing Arizona life insurance is essential because everyone needs to plan ahead to make sure their loved ones are financially secure in case the worst should happen.  Protecting your family financially if you are the main source of income is a main concern.  That is where life insurance for your AZ family comes in.  In Arizona, life insurance will cover things such as any unpaid medical bills or any other debts, funeral expenses, taxes, attorney’s fees and replacement income.

A Need For Arizona Life Insurance

Not everyone needs an Arizona life insurance policy.  Some people just happen to have it because it’s part of their employee benefit plan and their employer pays for it.  Others purchase it because they just want that extra security and it fits into the budget without any extra strain, but it’s not really needed.  How do you know if you really need it?  Ask yourself these questions:

• Do you have any young children?

• Do you have a spouse that depends on you for support?

• Are you caring for someone disabled?

• Do you have a lot of debt such as a relatively new mortgage or credit card bills?

• Have you planned for your funeral expenses?

Consider that if you die, your estate could be held up in probate while all of your debts are settled, leaving little left for your spouse and children to live on. Of course, this impacts any money left to put away for your children to attend college.

Then there are things like estate taxes that suck up more money.  There is always the possibility that someone may contest the will which holds it up in court even longer. This will cost more lawyers fees that come out of the estate, leaving less and less money for the beneficiaries.  These are the type things you need to consider when considering life insurance.  It’s not you that you have to look out for when it comes to life insurance, it’s those that depend on you.

3 Types Of Arizona Life Insurance 

1. Arizona Term Life Insurance – Term life insurance is available to cover short term obligations and is available for the minimum amount of $100,000. It’s usually available for 10, 20 or 30 years. This is the ideal option to protect your family from a mortgage payment or credit card debit in the case of your death.  A downside of term policies is that most insurance companies will not sell them to anyone over the age of 65, making them purchase whole life policies.

2. Arizona Whole Life Insurance – Insurance agents refer to these as retirement plans.  They come with a high price tag.  Your premiums will be high because of the commissions that the agents are getting and because you are paying for the insurance companies to invest your money.  Of course, the upside is that it is an investment.

3. Arizona Universal Life Insurance – Part insurance policy, part savings account.  A universal live insurance plan is flexible and can be changed as your needs changed as well as be borrowed against.

Besides these two basic policies there are a couple of optional benefits that can be added to either of these policies.

• Accidental Death – If you die because of an accident your insurance company will pay double your policy.

• Living Benefit -  This will pay your beneficiary/beneficiaries up to $50,000 while you are still living if you are diagnosed with a terminal disease that will end in death within the next 12 months or confine you to a hospital, nursing home, hospice or some other extended care facility until you die.

Factors That Affect Your Arizona Life Insurance Premiums

• High blood pressure

• High cholesterol

• Depression

• Asthma

• Mitral valve prolapsed

• Heart disease

• All forms of cancer except skin cancer

• Sleep apnea

• Type 2 diabetes

• Coronary artery disease

• How much you drink

Arizona Life Insurance Companies

This is a partial list of some of the most popular life insurance providers in Arizona. Be certain to look carefully at any policies you are offered, even if you are familiar with the company.

• New York Life Insurance
• Phoenix Life Insurance
• Farmers Insurance
• American Savings Life
• State Farm
• Nationwide
• AIG
• John Hancock

Start Looking For Arizona Life Insurance Quotes Now

We have provided an easy to use to use tool at the top of the page where you can compare AZ life insurance quotes from top insurance companies online.  Don’t wait any longer, you don’t know what could happen tomorrow. So start looking for Arizona life insurance today!