Best Life Insurance in Phoenix, AZ (October 2024)


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Mutual of Omaha is the top insurance provider for men in Phoenix, Arizona, with a MoneyGeek score of 91 and an average monthly premium of $40. Protective is the best life insurance provider, for women, with a MoneyGeek score of 92 and a monthly premium of $31.

Different factors influence life insurance decisions, and these scores and premium costs are based on a 20-year term policy with $500,000 coverage. Your unique needs may mean a different company is best for you.

Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Phoeniz, Arizona.

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Coverage costs and company information for life insurance providers were updated in October 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes
MoneyGeek Logo IconBestLife InsurancePhoenix, AZ
2024

Best Life Insurance Companies in Phoenix

Overall Best Life Insurance in Phoenix, AZ

How was this MoneyGeek score calculated?

For men, Mutual of Omaha leads with a MoneyGeek score of 91 and a monthly premium of $40. For women, Protective is the top provider with a MoneyGeek score of 92 and a monthly premium of $31. Here are the top providers for both men and women in Phoenix based on MoneyGeek scores:

Top providers for men:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $40 per month for men
  • Protective: MoneyGeek score of 91 out of 100 at $44 per month for men

Top providers for women:

  • Protective: MoneyGeek score of 92 out of 100 at $31 per month for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 at $38 per month for women

Mutual of Omaha and Protective stand out due to their high MoneyGeek scores, indicating strong affordability, customer satisfaction, and financial stability. This makes them reliable choices for life insurance in Phoenix.

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MoneyGeek Top Pick
Mutual of Omaha

Protective emerges as the best choice for women seeking life insurance in Phoenix, with a MoneyGeek score of 92 and an affordable monthly premium of $31. For men, Mutual of Omaha leads with a score of 91 and a monthly premium of $40. Both companies excel in customer satisfaction and financial stability, ensuring reliable coverage for their clients.

For Protective

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process could improve

For Mutual of Omaha:

Pros:

  • High customer satisfaction
  • Strong financial stability

Cons:

  • Buying process could improve

Best Term Life Insurance in Phoenix, AZ

How was this MoneyGeek score calculated?

In Phoenix, Mutual of Omaha stands out as the best term life insurance provider for men with a MoneyGeek score of 91 at $19 per month, while Protective leads for women, scoring 92 at $17 per month. These companies offer reliable coverage options that resonate with the needs of the average individual seeking term life insurance.

The top two term life insurance companies for men are:

  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $19 per month for men
  • Nationwide: MoneyGeek score of 91 out of 100 at $18 per month for men

For women, the top two are:

  • Protective: MoneyGeek score of 92 out of 100 at $17 per month for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 at $22 per month for women

Term life insurance is a straightforward protection plan, providing coverage for a predetermined period. It's an ideal choice for those who need financial security for their loved ones without a lifelong commitment or premium payments. For instance, a parent might opt for term life insurance to ensure their child's education is funded in the event of their untimely passing.

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MoneyGeek Top Pick
Mutual of Omaha

Mutual of Omaha stands out as the premier choice for term life insurance in Phoenix for men, boasting a MoneyGeek score of 91. With a monthly premium of $19, it offers a balance of cost and quality that is hard to beat.

Pros:

  • High customer satisfaction
  • Competitive affordability
  • Strong financial stability

Cons:

  • Buying process could be smoother
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MoneyGeek Top Pick
Protective

For women seeking the best term life insurance in Phoenix, Protective stands out with a MoneyGeek score of 92. The company offers a monthly premium of $17, providing a balance of cost and quality coverage.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best Whole Life Insurance in Phoenix, AZ

How was this MoneyGeek score calculated?

Protective is the provider of the best whole life insurance in Phoenix, with a MoneyGeek score of 92 for both men and women. This score suggests that Protective offers a blend of affordability, customer satisfaction, and financial stability that is well-suited for the average individual seeking a reliable insurance policy.

Top whole life companies for men in Phoenix:

  • Protective: MoneyGeek score of 92 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

Top whole life companies for women in Phoenix:

  • Protective: MoneyGeek score of 92 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance is a permanent policy that provides a death benefit and accumulates cash value over time. Someone might choose best whole life insurance over term life insurance for its lifelong coverage and potential to grow cash value.

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MoneyGeek Top Pick
Protective

Protective is the top choice for whole life insurance in Phoenix for both men and women, with an overall MoneyGeek score of 92 for each. This score reflects a balance of affordability and customer satisfaction that Protective offers to its policyholders.

Pros:

  • High customer satisfaction
  • Affordable rates
  • Strong financial stability

Cons:

  • Less convenient buying process

Compare Life Insurance Rates

Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.

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Best Universal Life Insurance in Phoenix, AZ

How was this MoneyGeek score calculated?

Protective offers the best universal life insurance provider for both men and women, boasting a MoneyGeek score of 91. Choosing Protective means selecting a company that excels in affordability, customer satisfaction and financial stability.

Best universal life insurance for men:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best universal life insurance for women:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance offers flexibility in premiums and death benefits, which can be appealing to those who desire a more adaptable approach to their long-term financial planning. For example, a young professional might choose universal life insurance over term life insurance to benefit from the potential cash value growth.

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MoneyGeek Top Pick
Protective

Protective stands out as the premier choice for universal life insurance in Phoenix, catering to both men and women. The company's MoneyGeek score of 91 for both genders underscores its commitment to satisfaction and stability.

Pros:

  • High customer satisfaction
  • Strong affordability
  • Solid financial stability

Cons:

  • Buying process could improve

Best No-Medical-Exam Life Insurance in Phoenix, AZ

How was this MoneyGeek score calculated?

Protective offers the best life insurance without a medical exam for both men and women in Phoenix, boasting a MoneyGeek score of 91. This score indicates a robust offering that combines affordability, customer satisfaction and financial stability, making it an excellent choice for the average individual in the market for this type of insurance policy. The top MoneyGeek scores for no-medical-exam life insurance are:

Best no-medical-exam life insurance for men:

  • Protective: MoneyGeek score of 91 out of 100 for men
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best life insurance for women that does not require a medical exam:

  • Protective: MoneyGeek score of 91 out of 100 for women
  • Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

This type of life insurance is a policy that does not require a medical examination for approval, offering a quicker and more convenient option for coverage. For instance, someone with a busy schedule or a dislike of medical appointments might choose this insurance to ensure they are covered without the hassle of a traditional health assessment.

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MoneyGeek Top Pick
Protective

Protective stands out as the premier choice for the best no-medical-exam life insurance in Phoenix, catering to both men and women. With a MoneyGeek score of 91 for both genders, Protective offers a blend of satisfaction and financial security to its policyholders. Here's a closer look at the advantages and drawbacks of choosing Protective for your insurance needs.

Pros:

  • High customer satisfaction
  • Solid financial stability

Cons:

  • Complex buying process

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Best Term Life Insurance for Seniors in Phoenix, AZ

How was this MoneyGeek score calculated?

The Mutual of Omaha stands out as the top provider of the best term life insurance for seniors in Phoenix for men, boasting a MoneyGeek Score of 91 and a monthly premium of $73. For women, Protective leads with a score of 90 and a premium of $81.

Age influences life insurance costs, with premiums generally increasing as individuals enter their senior years. This is due to the higher risk associated with insuring older individuals. The high MoneyGeek scores for Mutual of Omaha and Protective reflect their strong performance across various metrics, including affordability, customer satisfaction, and financial stability. These factors are pivotal for seniors in Phoenix seeking reliable term life insurance coverage.

Best Term Life Insurance for Seniors in Phoenix
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$7391
2Nationwide$6691
3Protective$10189
4Transamerica$7488
5Prudential$6787
6State Farm$11286
7Allstate$11285
8AAA$13185
9Haven$15382

Best Term Life Insurance for Smokers in Phoenix, AZ

How was this MoneyGeek score calculated?

For men seeking the best term life insurance for smokers in Phoenix, Mutual of Omaha holds the top spot with a MoneyGeek score of 90 and a monthly premium of $44. Women, on the other hand, will find Allstate at the forefront, boasting a score of 88 and a premium of $31.

Smoking is a key determinant in life insurance premiums, as it presents higher health risks, leading to increased costs. Mutual of Omaha and Allstate's leading scores reflect their competitive offerings and financial stability, making them prime choices for individuals prioritizing affordability and customer satisfaction in their insurance selection.

Best Term Life Insurance for Smokers in Phoenix
Data filtered by:Results filtered by:
gender:
gender:M
1Mutual of Omaha$4490
2Nationwide$4489
3Allstate$4188
4Transamerica$3988
5Prudential$3588
6Protective$6887
7State Farm$5986
8AAA$7586
9Haven$7982

Best Term Life Insurance for Young Adults in Phoenix, AZ

How was this MoneyGeek score calculated?

MoneyGeek has identified Protective as the best term life insurance for young adults in Phoenix, with a MoneyGeek Score of 92 for women and 91 for men. The monthly premium is $10 for women and $13 for men. Age plays a factor in life insurance premiums as younger adults generally pay less due to lower health risks.

Protective stands out with the highest MoneyGeek score, making it a reliable choice for young adults seeking the best term life insurance for young adults in Phoenix. Protective's high scores in customer satisfaction and affordability contribute to its top ranking, offering a comprehensive package for those starting their life insurance journey.

Best Term Life Insurance for Young Adults in Phoenix
Data filtered by:Results filtered by:
Sex:
Sex:M
1Protective$1391
2Mutual of Omaha$1391
3Nationwide$1291
4Transamerica$1487
5AAA$2086
6State Farm$2185
7Prudential$1785
8Haven$1784
9Allstate$2184
10Bestow$2383

Best Cheap Term Life Insurance in Phoenix, AZ

How was this MoneyGeek score calculated?

For men, Nationwide offers the best cheap term life insurance in Phoenix with a MoneyGeek score of 93 and a monthly premium of $18. For women, Protective is the top provider with a MoneyGeek score of 92 and a monthly premium of $17. Various factors influence the cost of life insurance premiums, including age, health, coverage amount, and term length.

To get the lowest premiums, maintain good health, avoid tobacco, and choose the right coverage amount and term length. The winning companies have the highest MoneyGeek scores due to their affordability, customer satisfaction, and financial stability.

Best Cheap Term Life Insurance in Phoenix
Data filtered by:Results filtered by:
Sex:
Sex:M
1Nationwide$1893
2Mutual of Omaha$1991
3Protective$2190
4Transamerica$2189
5Prudential$2486
6AAA$3284
7Allstate$3283
8State Farm$3282
9Haven$2981

Average Cost of Term Life Insurance in Phoenix, AZ

The average cost of term life insurance in Phoenix is $30 per month for women and $37 per month for men. These costs are rounded to the nearest whole number.

Several factors affect the cost of life insurance premiums. These include age, health, lifestyle choices, the amount of coverage, and the length of the policy term. Insurers assess these factors to determine the risk level and set the premium accordingly.

In Phoenix, the cost of life insurance might be higher or lower compared to the rest of Arizona due to various local factors. For instance, health statistics, crime rates, and the overall cost of living in Phoenix can impact premium rates.

Understanding these factors can help consumers make informed decisions when purchasing life insurance, ensuring they get the coverage they need at a price they can afford.

FAQ About Life Insurance in Phoenix, AZ

What company has the best life insurance in Phoenix for men?
What is the monthly premium cost for the best life insurance for men in Phoenix?
What company has the best life insurance in Phoenix for women?
What is the monthly premium cost for the best life insurance for women in Phoenix?
Is there anything different about life insurance in Phoenix compared to the rest of Arizona?
What happens to your life insurance if a company goes bankrupt in Phoenix?
Why might Phoenix residents need life insurance?
How do you find a lost life insurance policy in Phoenix?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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