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 great customer service, and AIG offers strong financial security. You can save even more with discounts from life insurance companies for being healthy.
| Insurance Company | Rank | Policy Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
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#1 | 8% | A | Affordable Options | Transamerica |
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#2 | 8% | A+ | Customer Service | Mutual of Omaha |
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#3 | 8% | A | Strong Reputation | AIG |
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#4 | 12% | A+ | Flexible Policies | Prudential |
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#5 | 8% | A+ | Investment Choices | Pacific Life |
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#6 | 8% | A+ | Long-Term Care | Lincoln Financial |
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#7 | 30% | B | Local Agents | State Farm |
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#8 | 12% | A+ | Wellness Programs | John Hancock |
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#9 | 15% | A++ | Lifetime Value | New York Life |
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#10 | 10% | A+ | Higher Risk | 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 term life insurance in Arizona starts at $20/month. Compare how much life insurance costs.
- High Term Limits: Term life insurance covers up to $10 million
- Discounts for Loyalty: Long-term customers can save more with special discounts on life insurance in Arizona.
Cons
- Limited Customer Support: Service hours are not as flexible as some competitors in Arizona.
- High Number of Complaints: Transamerica receives three times more complaints than other Arizona life insurance companies.
#2 – Mutual of Omaha: Best Customer Service
Pros
- Great Support: Known for excellent help and quick responses for life insurance claims in Arizona.
- Affordable Rates: Term life insurance in AZ starts at $22/month.
- Healthy Discounts: Non-smokers in Arizona can save big on their life insurance plans.
Cons
- Fewer Investment Choices: Limited options in AZ for wealth-building plans. Find life insurance policies that generate immediate cash value.
- No Online Quotes: You must go through an agent to buy life insurance in Arizona.
#3 – AIG: Best Industry Reputation
Pros
- Trusted Company: Read our AIG insurance review for full financial and customer service ratings.
- Competitive Rates: Term life coverage starts at $23/month, making it a good choice for AZ residents.
- Discounts for Active Lifestyles: Healthy, active residents in Arizona can save on premiums.
Cons
- Confusing Options: Some people in AZ may find the choices for life insurance plans overwhelming.
- High Whole Life Costs: Whole life insurance in Arizona can be more expensive than other companies.
#4 – Prudential: Best for Flexible Policies
Pros
- Custom Plans: Offers flexible life insurance options in Arizona, featuring Prudential EssentialTerm for faster application.
- Affordable Rates: Term coverage in AZ starts at $24/month, making it a popular choice.
- Workplace Discounts: People with safe jobs in Arizona can qualify for extra savings. Learn how in our Prudential review.
Cons
- Few Local Agents: Not as many Arizona-based agents compared to other companies.
- Low Customer Satisfaction: Prudential ranked in the bottom five companies in the latest J.D. Power survey.
#5 – Pacific Life: Best for Investment Choices
Pros
- Investment-Friendly Plans: Specializes in variable and indexed universal life insurance in Arizona with diverse investment options.
- Reasonable Rates: Term life starts at $25/month, offering good value for AZ residents.
- Family Discounts: Spouses can save when buying joint life insurance in Arizona. Learn how to buy life insurance for someone else.
Cons
- Shorter Terms: Limited options for longer term policies in Arizona.
- Higher Whole Life Costs: Whole life insurance in AZ is more expensive than some competitors.
#6 – Lincoln Financial: Best for Long-Term Care Plans
Pros
- Hybrid Policies: Lincoln Financial is among the best companies that offer hybrid life insurance/long-term care policies.
- Fair Rates: Term life starts at $27/month in Arizona, making it a good choice.
- Healthy Living Discounts: Rewards AZ residents for good habits with lower life insurance premiums.
Cons
- Higher Premiums for Whole Life: One of the most expensive companies for whole life insurance in AZ.
- Requires Financial Advisor: You must work with a financial advisor to buy AZ life insurance from Lincoln Financial.
#7 – State Farm: Best for Local Agents
Pros
- Strong Local Support: Our State Farm review covers its high customer satisfaction due to many agents across Arizona.
- Average Rates: Offers term life insurance in AZ starting at $29/month.
- Bundling Discounts: Save on life insurance in Arizona by bundling with other policies like auto insurance.
Cons
- Small Discounts: Offers smaller discounts compared to some competitors in AZ.
- Higher Costs for Extras: Add-ons can increase the price of life insurance in Arizona.
#8 – John Hancock: Best Wellness Programs
Pros
- Health Rewards: Offers life insurance discounts in Arizona through its Vitality program.
- Diabetes Discounts: AZ residents with type 1 or type 2 diabetes can earn discounts through the Aspire program.
- Family Savings: Provides discounts for family plans in Arizona, making it the best life insurance for parents.
Cons
- Fewer Agents: Not as many local agents in AZ as other companies.
- Complex Discounts: Some Arizona customers may find the discount programs hard to use.
#9 – New York Life: Best for Term Life Insurance
Pros
- One-Year Terms: Term life insurance can be renewed every year. Find out what happens if you outlive your term life insurance
- Trusted Brand: Known for great life insurance benefits in Arizona with excellent financial ratings.
- Loyalty Discounts: Rewards loyal AZ customers with savings on life insurance.
Cons
- Higher Initial Costs: Arizona life insurance rates start higher than other providers.
- No Online Quotes: You have to work with an Arizona life insurance agent to get New York Life quotes.
#10 – Guardian: Best for High-Risk Coverage
Pros
- High-Risk Policies: Guardian specializes in higher risk life insurance with plans catered to those living with HIV in AZ.
- Discounts for Early Payment: Save on life insurance in Arizona by paying premiums annually instead of monthly.
- Excellent Customer Support: Guardian is the top two company for customer satisfaction in J.D. Power life insurance surveys.
Cons
- Fewer Discounts: Offers fewer savings options compared to other AZ providers.
- Higher Rates: Guardian is the most expensive Arizona life insurance company on our list.
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 rates are shaped by things like monthly costs, the types of policies available, and how many claims are made each year.
| 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 |
On average, life insurance claims in Arizona are $25,000, with about 20,000 claims filed each year. Top companies like Transamerica, Mutual of Omaha, and AIG help locals save money with affordable and flexible plans.
| Factor | Value |
|---|---|
| Average Life Insurance Claim | $25000 |
| Total Life Insurance Claims (Yearly) | $20000 |
| Accidental Death Claims | $4500 |
| Disability-Related Claims | $3200 |
| Critical Illness Claims | $2700 |
Monthly premiums in the state are lower than the national average, which makes Arizona life insurance coverage more affordable than other parts of the country.
| Category | Grade | Explanation |
|---|---|---|
| Average Monthly Premium | B+ | Arizona's rates are lower than the national average. |
| Coverage Options | A- | Providers offer robust term and whole life options. |
| Customer Satisfaction | B | Mixed reviews for claims processing efficiency. |
| Discounts Availability | A | Many opportunities to reduce premiums. |
| Provider Selection | A | Wide variety of top-rated life insurers. |
With lower rates, helpful discounts, and strong plans from top providers, Arizona residents have good options for affordable life insurance to protect their families.
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 | Available Discount |
|---|---|
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Wellness Program, Multi-Policy, Non-Smoker, Preferred Health, Term Conversion, Active Lifestyle |
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Vitality Program, Non-Smoker, Multi-Policy, Healthy Lifestyle, Family, Good Health |
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Preferred Health, Non-Smoker, Multi-Policy, Spouse, Wellness Program, Healthy Habits |
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Non-Smoker, Healthy Lifestyle, Multi-Policy, Family, Early Payment, Good Health |
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Multi-Policy, Spouse, Loyalty, Healthy Lifestyle, Non-Smoker, Safe Occupation |
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Non-Smoker, Preferred Health, Multi-Policy, Loyalty, Family, Good Health |
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Healthy Lifestyle, Spouse, Multi-Policy, Good Health, Preferred Risk, Early Payment |
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Multi-Policy, Healthy Habits, Spouse, Non-Smoker, Loyalty, Safe Occupation |
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Multi-Line, Accident-Free, Good Health, Non-Smoker, Loyalty, Family |
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Healthy Lifestyle, Multi-Policy, Family Benefit, Employer-Sponsored, Loyalty, Term Conversion |
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%.
| Discount Name | Grade | Savings | Participating Providers |
|---|---|---|---|
| Multi-Policy Discount | A | 10% | State Farm |
| No Smoking Discount | A- | 12% | New York Life, Prudential |
| Annual Payment Discount | B+ | 8% | Mutual of Omaha, Guardian |
| Good Health Discount | B | 15% | AIG, Transamerica, John Hancock |
| Long-Term Policy Discount | B- | 10% | Mutual of Omaha, Guardian |
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.