Best Life Insurance in Arizona for 2025 (Find the Top 10 Companies Here)
Transamerica, Mutual of Omaha, and AIG have the best life insurance in Arizona. Transamerica is the top choice for its low prices starting at $20/month.
Mutual of Omaha is known for its excellent customer service, offering quick claims processing and flexible coverage options. While AIG is recognized for its financial strength, providing dependable payouts and a variety of policy options to suit different needs. You can save even more with discounts from life insurance companies for being healthy.
| Insurance Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
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#1 | 5% | A | Affordable Options | Transamerica |
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#2 | 5% | A+ | Customer Focus | Mutual of Omaha |
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#3 | 10% | A | Financial Stability | AIG |
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#4 | 5% | A+ | Flexible Policies | Prudential |
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#5 | 5% | A+ | Investment Choices | Pacific Life |
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#6 | 5% | A+ | Wealth Building | Lincoln Financial |
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#7 | 10% | B | Local Agents | State Farm |
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#8 | 5% | A+ | Wellness Programs | John Hancock |
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#9 | 5% | A++ | Lifetime Value | New York Life |
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#10 | 5% | A+ | Comprehensive Coverage | Guardian |
Compare quotes now to find the right plan for your budget and future. Enter your ZIP code into our free quote comparison tool to instantly compare life insurance quotes from trusted insurers near you.
What You Should Know
- Find the best life insurance in Arizona with affordable rates starting at $20/month
- Transamerica is the top pick, offering low prices and reliable coverage options
- Guardian is the best for high-risk life insurance in AZ
#1 – Transamerica: Top Overall Pick
Pros
- Cheapest Rates: Transamerica's term life insurance in Arizona starts at $20/month for a 10-year, $100,000 policy for a healthy 30-year-old. Compare how much life insurance costs.
- High Term Limits: Offers coverage up to $10 million, ideal for individuals in AZ with high financial responsibilities, such as large mortgages or business ownership.
- Discounts for Loyalty: Long-term policyholders in AZ can save through its loyalty rewards, reducing premiums for those who renew or bundle policies with Transamerica.
Cons
- Limited Customer Support: Customer service hours are standard business hours, which may not meet the needs of all Arizona policyholders.
- High Number of Complaints: Transamerica receives 3 times more complaints than the average AZ life insurance company, with most issues related to billing or claims delays.
#2 – Mutual of Omaha: Best Customer Service
Pros
- Great Support: Known for fast claims processing in Arizona, with most claims settled within 10 business days.
- Affordable Rates: Term life insurance starts at $22/month for a $100,000, 10-year policy for non-smokers in Arizona.
- Healthy Discounts: Non-smokers and active individuals in AZ can save up to 15% on premiums.
Cons
- Fewer Investment Choices: Limited wealth-building plans in Arizona, focusing mostly on term and whole life insurance. Find life insurance policies that generate immediate cash value.
- No Online Quotes: Arizona customers must contact an agent to get pricing details, adding extra steps to the process.
#3 – AIG: Best Industry Reputation
Pros
- Trusted Company: AIG has an A rating from AM Best, ensuring financial reliability for policyholders in AZ. Read our AIG insurance review for full financial and customer service ratings.
- Competitive Rates: Term life insurance starts at $23/month for a $100,000, 10-year policy, making it a strong choice for Arizona residents.
- Discounts for Active Lifestyles: Active Arizona residents can save up to 10% on premiums through AIG’s wellness incentives.
Cons
- Confusing Options: AIG’s broad lineup of policies, including term, whole, universal, and indexed life insurance, can be overwhelming for Arizona customers.
- High Whole Life Costs: Whole life premiums in Arizona average $200-$250/month, higher than other providers in the state.
#4 – Prudential: Best for Flexible Policies
Pros
- Custom Plans: Offers flexible options like the EssentialTerm policy, allowing Arizona customers to add living benefits and accidental death coverage.
- Affordable Rates: Term life policies start at $24/month for $100,000 in coverage, making it a popular choice in Arizona.
- Workplace Discounts: Arizona residents in low-risk jobs can save up to 10% on their life insurance premiums. Learn how in our Prudential review.
Cons
- Few Local Agents: Fewer Prudential agents are available in Arizona compared to other companies like State Farm.
- Low Customer Satisfaction: Ranked in the bottom five in J.D. Power’s 2023 life insurance satisfaction study, with Arizona customers noting communication issues.
#5 – Pacific Life: Best for Investment Choices
Pros
- Investment-Friendly Plans: Offers indexed universal life insurance tied to the S&P 500, giving Arizona residents investment growth potential.
- Reasonable Rates: Term life policies start at $25/month, providing good value for Arizona policyholders.
- Family Discounts: Offers savings of 5-10% on joint policies for Arizona couples and families. Learn how to buy life insurance for someone else.
Cons
- Shorter Terms: Term policies in Arizona are limited to 20 years, which may not meet the needs of all residents.
- Higher Whole Life Costs: Whole life premiums average $230/month, higher than many competitors in Arizona.
#6 – Lincoln Financial: Best for Long-Term Care Plans
Pros
- Hybrid Policies: Lincoln Financial combines life insurance with the best companies that offer hybrid life insurance/long-term care policies, covering medical or assisted living expenses for Arizona policyholders.
- Fair Rates: Term life policies start at $27/month for $100,000 in coverage, making it a competitive choice in Arizona.
- Healthy Living Discounts: Arizona residents can save up to 15% by maintaining good health.
Cons
- Higher Premiums for Whole Life: Whole life insurance in Arizona averages $250/month, making it one of the pricier options.
- Requires Financial Advisor: Arizona customers must work with a financial advisor to purchase policies, adding an extra step.
#7 – State Farm: Best for Local Agents
Pros
- Strong Local Support: Based on our State Farm review, it covers its high customer satisfaction due to many agents across Arizona.
- Average Rates: Term life policies start at $29/month for $100,000 in coverage, providing reasonable rates for Arizona customers.
- Bundling Discounts: Arizona residents can save up to 15% by bundling life insurance with home or auto policies.
Cons
- Small Discounts: Offers fewer and smaller savings opportunities compared to competitors like Mutual of Omaha.
- Higher Costs for Extras: Riders like living benefits and disability coverage significantly increase premiums for Arizona customers.
#8 – John Hancock: Best Wellness Programs
Pros
- Health Rewards: Earn up to 15% in discounts through the Vitality program by tracking healthy activities like exercise and diet.
- Diabetes Discounts: The Aspire program provides tailored savings for Arizona residents managing diabetes.
- Family Savings: Provides discounts for family plans in Arizona, making it the best life insurance for parents.
Cons
- Fewer Agents: Fewer agents are available in Arizona compared to competitors like State Farm.
- Complex Discounts: Some Arizona residents may find the Vitality program’s points system confusing.
#9 – New York Life: Best for Term Life Insurance
Pros
- One-Year Terms: Arizona residents can renew term policies annually for maximum flexibility. Find out what happens if you outlive your term life insurance
- Trusted Brand: Rated A++ by AM Best, ensuring peace of mind for Arizona customers.
- Loyalty Discounts: Long-term Arizona customers can save 5-10% on premiums.
Cons
- Higher Initial Costs: Term life rates start at $35/month, making it pricier than many competitors in Arizona.
- No Online Quotes: Arizona customers must work with an agent to get quotes, slowing down the process.
#10 – Guardian: Best for High-Risk Coverage
Pros
- High-Risk Policies: Guardian specializes in higher risk life insurance with health challenges, including those living with HIV in AZ.
- Discounts for Early Payment: Save 5% annually by paying premiums upfront instead of monthly.
- Excellent Customer Support: Ranked second in J.D. Power’s 2023 life insurance satisfaction survey for Arizona residents.
Cons
- Fewer Discounts: Offers limited savings opportunities compared to other Arizona providers.
- Higher Rates: Term life insurance starts at $37/month, making it one of the more expensive options in Arizona.
The Best Life Insurance Rates in Arizona
In Arizona, there are several life insurance companies offering affordable rates to fit various needs. Here's a look at some affordable life insurance rates in Arizona:
| Insurance Company | Term Policy | Whole Policy |
|---|---|---|
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$23 | $190 |
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$37 | $235 |
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$30 | $215 |
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$27 | $203 |
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$22 | $185 |
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$35 | $225 |
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$25 | $197 |
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$24 | $183 |
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$29 | $205 |
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$20 | $175 |
For term policies, rates start as low as $20 per month with Transamerica, while Mutual of Omaha offers coverage starting at $22 per month. AIG provides term policies from $23 per month, and Pacific Life offers affordable options starting at $25 per month.
For whole life policies, rates range from $175 per month with Transamerica to $235 per month with Guardian. Other well-known companies such as State Farm, John Hancock, and New York Life have whole life coverage rates between $183 and $225 per month, offering a variety of choices for Arizona residents looking for affordable life insurance.
Read more: Modified Whole Life Insurance: Everything You Want to Know
Comparing Comprehensive Life Insurance Coverage in Arizona
Arizona life insurance offers a variety of policy types and pricing to fit different needs. The table below highlights the costs of various policy types offered by top providers in Arizona, showcasing their affordability and versatility:
| Insurance Company | Term Life | Whole Life | Universal Life | Final Expense | Guaranteed Issue |
|---|---|---|---|---|---|
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$25 | $150 | $225 | $50 | $80 |
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$33 | $210 | $275 | $60 | $100 |
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$28 | $183 | $250 | $60 | $100 |
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$27 | $180 | $225 | $55 | $90 |
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$30 | $190 | $230 | $55 | $95 |
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$32 | $200 | $275 | $65 | $105 |
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$29 | $188 | $228 | $53 | $93 |
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$26 | $175 | $250 | $60 | $100 |
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$24 | $148 | $223 | $48 | $78 |
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$31 | $192 | $232 | $58 | $98 |
Arizona’s life insurance rates are influenced by local economic and demographic conditions. The table below provides an overview of key factors shaping the market:
| Factor | Value |
|---|---|
| Accidents Per Year | 122,00 |
| Direct Premiums Written | $47.8 billion |
| Life, Accident, and Health Premiums | $19.6 billion |
| Property and Casualty Premiums | $15.6 billion |
| Title Insurance Premiums | $716.8 million |
| Number of Insurance Companies | 1,803 |
| Number of Domestic Insurers | 147 |
| Captive Insurance Companies | $10.3 billion |
| Traffic Density | High |
| Weather-Related Incidents | Moderate |
Arizona life insurance claims are primarily categorized into five key types: death benefit, critical illness, disability income, accidental death, and funeral/final expense. Each type of claim serves specific financial needs and is associated with varying costs, as shown below:
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Death Benefit | 45% | $50,000 |
| Critical Illness | 20% | $30,000 |
| Disability Income | 15% | $25,000 |
| Accidental Death | 12% | $40,000 |
| Funeral/Final Expense | 8% | $10,000 |
Arizona residents benefit from lower life insurance premiums than the national average, thanks to factors like competitive pricing, moderate weather risks, and a diverse insurance market. Companies like State Farm, Transamerica, and AIG offer affordable term and whole life plans, while discounts for healthy lifestyles and bundling policies further reduce costs.
For personalized coverage options, compare Arizona life insurance quotes to find the best plan for your needs and budget.
Read More: Best and Cheapest Homeowners Insurance in Arizona
How to Maximize Savings with Arizona Life Insurance Discounts
Getting affordable life insurance in Arizona is easier when you take advantage of discounts that some companies offer. Here's a simple breakdown of how some of the best life insurance companies in Arizona can help you save money.
| Insurance Company | Bundling | Healthy Lifestyle | Group/Employer | Auto Pay |
|---|---|---|---|---|
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10% | 5% | 10% | 5% |
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5% | 5% | 10% | 5% |
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5% | 5% | 10% | 5% |
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5% | 5% | 10% | 5% |
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5% | 5% | 10% | 5% |
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5% | 5% | 10% | 5% |
|
5% | 5% | 10% | 5% |
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5% | 5% | 10% | 5% |
|
10% | 5% | 10% | 5% |
Transamerica offers discounts for staying healthy, having family coverage, and for being a long-term customer. AIG also gives big savings for healthy living. If you're a non-smoker and stay active, you could save up to 15%.
Mutual of Omaha gives discounts for healthy living and good health, and John Hancock has a Vitality Program, where you can earn points for healthy habits like exercising and eating right.
Explore More: Top 10 Best Life Insurance Companies
Get Personalized Arizona Life Insurance Quotes Today
The best life insurance in Arizona is with Transamerica, AIG, and Mutual of Omaha. Plans start at just $20/month. The key to saving on life insurance is knowing which company gives the best deals for your lifestyle. If you’re in it for the long haul, Transamerica can help you save more over time.
If health is your priority, AIG and John Hancock can save you money. For bundling policies, State Farm is a great option. If you like paying yearly, Mutual of Omaha can help you save.
Additionally, many companies offer ways to save, such as discounts for being a non-smoker, living a healthy lifestyle, or bundling multiple policies.
Do you need life insurance? Comparing quotes and exploring available discounts will help you make the best choice for you and your family. If you want to explore your life insurance options, enter your ZIP code in our free tool to get started.
Frequently Asked Questions
Who is the most trusted life insurance company?
The most trusted life insurance company in Arizona is Transamerica, which is known for its affordable rates and reliable coverage options. It stands out for providing dependable life insurance plans at competitive prices.
Check out our guide titled "What are the benefits of buying life insurance?"
How much does life insurance cost per month in Arizona?
Life insurance in Arizona typically starts as low as $20 per month for basic coverage. The cost varies depending on the type of policy, age, health, and the provider you choose. Simplify your life insurance shopping by entering your ZIP code into our free quote comparison tool and find coverage that fits your budget and needs.
Which life insurance is best in the USA?
Some of the best life insurance companies in the USA include Transamerica, Mutual of Omaha, and AIG. These providers offer a range of affordable and flexible coverage options, backed by strong financial stability and customer satisfaction.
Which Arizona health plan is best?
The best health plan in Arizona largely depends on your personal needs and health status. However, Blue Cross Blue Shield of Arizona, Cigna, and Aetna are among the most reputable providers in the state, offering a variety of coverage options. Delve into our guide titled "How To Find Affordable Health Insurance."
Who is the top 5 insurance company in the USA?
The top 5 insurance companies in the USA are State Farm, Geico, Progressive, Allstate, and USAA. These companies are well-regarded for their extensive coverage options, financial stability, and strong customer service.
Read more: Best Life Insurance Companies
Which private life insurance is best?
Some of the best private life insurance companies include Transamerica, Mutual of Omaha, and AIG. These providers offer competitive rates, flexible policies, and solid financial backing.
How much is $100,000 life insurance?
A $100,000 life insurance policy typically costs between $10 and $30 per month for a term life insurance policy, depending on the applicant’s age, health, and provider. Whole life policies tend to be more expensive.
Read more: Term vs. Whole Life Insurance
How much is an Arizona life insurance license?
To obtain a life insurance license in Arizona, applicants typically pay an application fee of around $50. Additionally, pre-licensing education courses may cost between $100 and $300, depending on the provider.
What is the cash value of a $250,000 life insurance policy?
The cash value of a $250,000 life insurance policy depends on the type of policy. Whole life policies can accumulate cash value over time, whereas term life policies usually do not have a cash value component.
What life insurance has the highest payout?
Life insurance policies with the highest payouts are typically whole life insurance or universal life insurance policies, which not only provide a death benefit but also build cash value over time.
Get more insight by reading our guide about the limited-pay life insurance policy.
Can foreigners buy life insurance in USA?
Yes, foreigners can purchase life insurance in the USA. However, there may be residency requirements, and premiums could be higher compared to residents due to different risk factors.
Who is the best beneficiary for life insurance?
The best beneficiary for life insurance is typically a spouse, children, or a trusted family member who will responsibly handle the funds in the event of the policyholder’s death.
Does Arizona have free health insurance?
Arizona does not offer free health insurance, but low-income residents may be eligible for Arizona Health Care Cost Containment System (AHCCCS), which is the state's Medicaid program providing coverage for those who meet certain income requirements.
Dive into our guide titled "Get Group Insurance With These Life Insurance Companies"
What is the largest health system in Arizona?
The largest health system in Arizona is Banner Health, which operates a network of hospitals, medical centers, and clinics throughout the state, serving a large number of residents.
How much is health insurance in Arizona per month?
Health insurance in Arizona typically costs between $200 and $500 per month for individuals, depending on the plan type, coverage, and eligibility for subsidies.
What is the best life insurance?
The best life insurance depends on individual needs, but companies like Transamerica, Mutual of Omaha, and AIG are widely regarded for offering affordable rates, flexible policies, and reliable customer service.
Read more: How Much Does Life Insurance Cost?
Which company gives the best insurance?
The company that offers the best insurance depends on the type of coverage you're seeking. State Farm, Geico, and USAA are known for providing excellent insurance services in various categories, including auto, home, and life insurance.
Who is the largest life insurer in the US?
The largest life insurer in the US is MetLife, offering a wide range of life insurance products and coverage options to policyholders.
Which life insurance is best, term or permanent?
Term life insurance is typically better for those seeking affordable temporary coverage, while permanent life insurance is suited for individuals who need lifelong coverage and want to build cash value over time.
Is life insurance worth it?
Life insurance is worth it for individuals with dependents or financial obligations, as it provides financial security for loved ones in the event of the policyholder's death. It helps cover expenses such as funeral costs, debts, and living expenses, making it an essential part of long-term financial planning.