Life Insurance (Arizona)
A study from the University of Washington reveals that the average life expectancy is 76 for men and 81 for women who live in Arizona. Ideally, everyone would live this long or longer, but many do not. Instead of leaving your family’s finances to fate, protect them from the unknown with an Arizona life insurance policy.
Life insurance in Arizona comes in many forms, most of which can be sorted into one of two types of coverage, term or whole-life. Each offers specific benefits that may be appropriate for different stages of life. Deciding which type of coverage to choose depends largely on the goals you have for your life insurance coverage as well as the financial burden that would linger for family members in the event of a covered individual’s death.
Term Life Insurance
Term life insurance is coverage that expires at the end of a specified term – usually between 10 and 30 years. Though term life insurance is temporary, it boasts low premiums and large coverage amounts worth hundreds of thousands or even millions of dollars. Many Arizona residents choose term life insurance to protect their family’s futures during their working years.
Whole Life Insurance
Whole life insurance is coverage that never expires so long as premiums are paid for the duration of the policy. People who purchase whole life policies when they are young and healthy enjoy low premiums that last for life. Coverage values are not as high as term coverage; however, many whole life policies accumulate cash value over time. These living benefits can serve as a financial safety net in the future.
Find Life Insurance Today
One of the greatest things you can do to protect your loved ones is purchase life insurance that ensures their needs are met no matter what the future holds. For more information about life insurance in Arizona, contact us here at Biltmore Power Insurance Company Inc., today. As an independent insurance agency, we can help you compare rates and coverage amounts from several leading insurers, as well as assist you in determining how much coverage your family needs for the future. So call us today. We’ll be happy to provide you with a free, no-obligation quote that can show you just how affordable peace of mind can be.