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Best Life Insurance Quotes in Phoenix, AZ

Oct. 15, 2019, 3:22 p.m.

A good life insurance company should be experienced and transparent when interacting with customers. Our partners at ConsumerAffairs researched the best life insurance in Phoenix to help you provide for your family.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. ABC15 may receive compensation from our partners. Learn more.

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#1
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Policygenius

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Policygenius
Policygenius
Features
  • Free coverage assessment tool
  • Compare quotes from more than a dozen companies
  • Helped over 4.5 million customers
  • Available in Phoenix
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#2
EverQuote
EverQuote
Features
  • No-obligation quotes
  • Find insurers that fit your needs & budget
  • Largest online marketplace for insurance shopping
  • Available in Phoenix
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Location
Serves residents in
Phoenix, AZ
(855) 522-3444
#3
Lincoln Heritage Life Insurance Company
Lincoln Heritage Life Insurance Company
Features
  • Easy qualification
  • Fast claims payment
  • Earn up to $100,000 additional coverage
  • Free online quotes
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Location
4343 E. Camelback Rd., Ste. 400
Phoenix, AZ 85018
(800) 433-8181
#4
Allstate Insurance: Edward Vasquez
Allstate Insurance: Edward Vasquez
Features
  • Online quotes
  • Nationwide coverage
  • Over 80 years in business
  • Easy to speak to an agent, even on Saturdays
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Location
3508 N. 7th St., Ste. 115
Phoenix, AZ 85014
(480) 999-7222
Mutual of Omaha Advisors - Southwest
Mutual of Omaha Advisors - Southwest
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • agents.mutualofomaha.com/southwest
Location
3200 E. Camelback Heights Wy., Ste. 190
Phoenix, AZ 85018
(602) 265-8223
American Family Insurance
American Family Insurance
Features
  • M-F: 9am - 5pm
  • Weekends and evenings by appointment
  • agent.amfam.com/brian-moore
Location
4040 E. Camelback Rd., Ste. 150
Phoenix, AZ 85018
(602) 955-5660
American Income Life
American Income Life
Features
  • M-F: 8am - 4:30pm
  • Closed Sat and Sun
  • altig.com
Location
4001 E. Broadway Rd., Ste. B-14/15
Phoenix, AZ 85040
(602) 266-8220
Pacific Life Insurance Co.
Pacific Life Insurance Co.
Features
  • M-F: 7am - 7pm
  • Closed Sat and Sun
  • pacificlife.com
Location
14425 N. 7th St.
Phoenix, AZ 85022
(602) 381-8600
Colonial Life
Colonial Life
Features
  • M-F: 7am - 7pm
  • Closed Sat and Sun
  • coloniallife.com
Location
1 N. Central Ave.
Phoenix, AZ 85004
(480) 428-4706
Oxford Life Insurance Company
Oxford Life Insurance Company
Features
  • M-F: 7am - 4pm
  • Closed Sat and Sun
  • oxfordlife.com
Location
40 E. Virginia Ave.
Phoenix, AZ 85004
(866) 641-9999

How to choose life insurance in Phoenix

Phoenix Skyline

In addition to supporting your dependents, life insurance in Phoenix provides money to your beneficiaries after your death. The funds can be used to pay debts, funeral expenses or estate taxes. There are several benefits of life insurance in Phoenix that make it a necessary part of any financial plan:

  • Tax-free inheritance: Life insurance benefits are income tax-free and go directly to your beneficiaries. They don’t have to worry about receiving only a portion of the money due to taxes.
  • Affordable protection: A 30-year-old Phoenix resident can pay less than $30 a month for a $250,000 term life insurance policy.
  • Alternative investment option: If you have already maxed out other investment options like an IRA or 401(k), life insurance might work as an additional investment vehicle.

The two main types of life insurance in Phoenix are term life and whole life. Term life insurance lasts for a predetermined period of time, usually between one and 30 years, and expires when the term is up. For Phoenix residents, this is generally the most affordable type of life insurance because the policy lasts only as long as you need it to cover debts and provide for your beneficiaries.

Whole life insurance, also called permanent life insurance, stays in effect as long as you pay the premiums. Universal life insurance is a type of whole life insurance where the insured is protected with a guaranteed amount of death benefit proceeds but also places in a cash value account. It offers premiums more similar to term life insurance in cost with more flexible options.

Before purchasing a life insurance policy in Phoenix, you should evaluate the life insurance provider on its:

  • Experience: A good insurance company should possess the necessary qualifications and skills. Its staff should be up-to-date on policies and state regulations.
  • Financial stability: If a financially unstable insurance company gets hit with many claims within a short period of time, it may lack the cash reserves to pay the claims. You can check the rating of insurance companies through independent agencies like Moody’s and Standard & Poor’s. Companies such as MetLife, State Farm and New York Life Insurance are available in Phoenix and have a history of financial stability.
  • Honesty and transparency: A life insurance company should be transparent with its customers and make adequate disclosures about the terms and conditions related to its products.
  • Reputation: Only do business with a licensed insurance company that has built its reputation over the years.

The cost of life insurance in Phoenix is impacted by several risk factors that life insurance actuaries review before pricing your policy. Risk factors that could increase your premiums include:

  • Age: The older you are, the more expensive your premiums will be.
  • Gender: The rates for women are less expensive than they are for men because women have higher life expectancies.
  • Nicotine use: Premiums can increase by 15 to 20 percent as a result of smoking.
  • Occupation: Some careers have a high hazard risk, which will increase your rates.
  • Personal health history: Past health problems and conditions could be a sign of future health risks, which increase the cost of your insurance.

Working with a good insurance company will help you find the lowest premiums available in Phoenix, regardless of your risk factors, and protect your family from financial hardship.

Policygenius

Policygenius

Policygenius is an online insurance sales company dedicated to making purchasing insurance easier. Customers in Phoenix can comparison shop and see the most affordable quotes from more than a dozen life insurance companies. The coverage calculator allows customers to figure out exactly how much life insurance they need.

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EverQuote

EverQuote

EverQuote makes finding insurance easy by offering fast, free life insurance quotes in less than two minutes. The company connects customers in Phoenix with local insurance agents who represent some of the best insurance carriers nationwide and provides side-by-side comparisons of policies to help guide your decision.

Lincoln Heritage Life Insurance Company

Lincoln Heritage Life Insurance Company

Founded in 1963, Lincoln Heritage Life Insurance Company offers payment to beneficiaries within 24 hours. The company also has a Funeral Advantage Program that provides insurance for funeral costs without requiring a health exam. The company offers free quotes online, and Phoenix customers say they appreciate its employees’ compassionate care.

Allstate Insurance: Edward Vasquez

Allstate Insurance: Edward Vasquez

Allstate Insurance provides online tools to compare policy options and calculate how much insurance customers need. The company offers a step-by-step guide to purchasing insurance and an online application for a quote. Every policy comes with a 30-day money-back guarantee. Phoenix customers appreciate the quick and friendly customer service.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.