Arizona Life Insurance

SaveOnLifeInsuranceNow.com provides consumers with up to 10 affordable life insurance quotes from the best rated carriers. About 600 life insurers are licensed to issue cheap term life insurance policies in Arizona and 50 of them are based in the state, investing $80 billion of their assets in the state’s economy.

Arizona residents have $400 billion in coverage. More than 2 million state residents own individual life insurance policies. The average face value of the cheap life insurance policy is $150,000 per policyholder. In 2008, the total amount of purchased group life insurance is about $120 billion, and individual life insurance coverage purchased equals $30 billion.

Arizona Life Insurance Regulations

The state oversees claims procedures and policy requirements through the Title 20 of the Arizona Revised Statutes. Under the laws, consumers are entitled to a grace period of 30 days for payment of late premiums. Age misstatements cab be corrected at any time during the cheap term life insurance policy, with the death benefit adjusted to reflect the correct age. According to Arizona law, life insurance settlements should never take longer than 2 months to finalize.

Arizona Health Facts

Life expectancy at birth is 78 years, according to the 2008 data. Arizona ranks 22 among 50 states in life expectancy. The data was taken from http://www.cdc.gov. Heart disease, cancer, stroke and accidents are among major causes of death in the state.

The total population in the state is 6,5 million people, with median annual income of $47,000. More information about state demographics, economy, health costs, and affordable life insurance coverage can be found at www.statehealthfacts.org

Arizona Department of Insurance

2910 North 44th Street, Suite 210

Phoenix, Arizona 85018-7269

Web site: http://www.id.state.az.us

Phone: (602) 364‑3100

Fax: (602) 364‑3470