Best Life Insurance Companies in Chandler, AZ

Life insurance can help you avoid the stress that comes with financially providing for your loved ones in the event of your untimely death. In Chandler, there are multiple insurers to select from, so it's wise to compare prices to get the best insurance policy.

This MoneyGeek guide can help you find the best life insurance company in Chandler, Arizona, based on your age, gender and smoking history.

For a $250K policy, MassMutual offers the cheapest rates in Chandler for men and women, costing around $14 and $11, respectively.

A $250K policy is cheaper, but it may not adequately protect your beneficiaries' financial needs. The state recommends $708K in coverage based on buyer profiles and state-specific variables.

Nationwide offers the cheapest rate for $708K in coverage for men and women in Chandler, with monthly premiums of around $25 and $17, respectively.

The insurance amount and gender of the policyholder have an impact on premiums. In comparison to the average for women and men in Arizona, Chandler's women pay about 15% more for life insurance, and men pay about 30% more.

For a $250K policy, men in the city pay about $26 per month, while women pay an average of $18 per month.

State-recommended $708K coverage policies in Chandler (recommendation is based on per capita income from the U.S. Bureau of Economics, average age, average mortgage debt and average personal debt) cost men roughly $52 and women around $33 monthly.

For a 10-year term life insurance policy, regardless of the limit, men pay an average of $33 per month, while women pay roughly $22 per month.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Chandler using average buyer profile statistics, including the average age of 30, the average weight of 197 pounds for males and 156 pounds for females, and an average coverage need of $708,000.

According to average total market share, the three most popular life insurance firms in Arizona are Prudential Financial Inc. (7%), Northwestern Mutual (6%) and Lincoln Financial (5%). The top seven life insurance providers account for about 35% of the state's market.

The following table presents information regarding the market shares held by Chandler's top seven life insurance companies.

The cost of life insurance for young people in Chandler ranges from $20 to $58 a month. MoneyGeek's research found that the cheapest life insurance companies in Chandler, on average, for young people include:

• MassMutual: $20 per month
• AAA: $21 per month

You can compare prices for life insurance in Chandler, Arizona, for young people from a number of insurers in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Chandler who is 5 feet 10 inches, 168 pounds and purchases a 20-year term contract at the average coverage need of $240,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Senior citizens in Chandler can expect to pay between $50 and $103 each month for life insurance. Based on MoneyGeek’s average data, the city's two most affordable life insurance providers for seniors are:

• MassMutual: $50 per month
• Mutual of Omaha: $57 per month

The best and most affordable Chandler life insurance companies for seniors are included in the table below.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Chandler who is 5 feet 10 inches, 197 pounds and purchases a 10-year term contract at the average coverage need of $73,000.

The average monthly life insurance rates for smokers in Chandler range from $126 and $278. On average, the following companies in the city provide smokers with the most affordable life insurance, according to MoneyGeek's analysis:

• Transamerica: $126 per month
• MassMutual: $150 per month

You can find the best and cheapest life insurance companies in Chandler for smokers in the table below.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Chandler who is 5 feet 10 inches, 197 pounds and purchases a 20-year term contract at the average coverage need of $708,000. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase dramatically as you age.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.