Life Insurance in Arizona

Security is the most important thing you can provide your family in the event of your untimely death. Life insurance is the best way to give them the financial security that will help them maintain a sense of stability following the loss of a loved one. The right life insurance coverage can be a replacement income for your family as well as cover final expenses, burial costs, and help make ends meet.

In Idaho, your options for life insurance policies are:

  • Universal Life
  • Whole Life
  • Term Life

Each policy carries different terms, and the amount of coverage determines the premium. Homeowners Insurance Group in Scottsdale, AZ can help you determine the best life insurance policy to meet your family’s needs when you no longer can.

Universal Life Insurance

Universal life is a flexible policy that allows you to set the price of payments and their frequency. In other words, you can vary when you pay and how much you spend. But the more you pay, the sooner you can stop paying. This type of policy accrues cash value over time, and the policyholder may borrow from its cash value.

Whole Life Insurance

A whole life insurance policy remains active over the policyholder’s lifetime as long as premiums are paid. The premium is determined at the time of purchase and remains fixed over the policy’s duration. Like universal life insurance, whole life insurance policies also accrue cash value.

Term Life Insurance

Term life insurance is the most affordable way to provide protection for your family. However, these policies expire over a designated time frame--usually 5 to 20 years. If the policyholder lives past the coverage period, they can opt to purchase another policy at an increased period. If the premiums aren’t kept current, the policy ends.

Contact Us

Policy terminology and verbiage can be overwhelming and confusing. Call us at Homeowners Insurance Group in Scottsdale, AZ for more information about your life insurance options in Arizona.