Updated: May 22, 2024
Advertising & Editorial Disclosure
If you pass away unexpectedly, life insurance can help your beneficiaries by paying off your debts and final expenses. Plus, life insurance can give your loved ones peace of mind knowing that they are taken care of financially if something happens to you.
MoneyGeek analyzed several life insurance companies in Glendale, Arizona, their quotes and the type of consumer they are best for.
BestLife InsuranceGlendale, AZBest Life Insurance Companies in Glendale, AZ, for 2023
As the most affordable insurer in Glendale, MassMutual charges men roughly $11 and females around $8 for $250,000 in coverage.
While coverage of $250,000 is affordable, it might not be adequate for some individuals. The state of Arizona recommends a minimum coverage level of $708,000 based on state-specific factors.
For the state-recommended coverage amount, Nationwide has the lowest monthly premium for men and women in Glendale at roughly $20 and $13, respectively.
Cheapest For | $250K Coverage | $708K Coverage (Recommended) |
|---|---|---|
Male | MassMutual | Nationwide |
Female | MassMutual | Nationwide |
The cost of life insurance premiums for men in the city of Glendale, Arizona, is around 3% more than the average for the state. When compared to the rest of Glendale, Arizona, the life insurance premiums paid by women are around 10% lower than the average premium paid throughout the state.
For a life insurance policy worth $250,000, men in Glendale, Arizona, pay around $21 per month, while females pay approximately $14 monthly.
Purchasing the state-recommended coverage of $708,000, which is based on Arizona’s average age, average personal debt, average mortgage debt and average per capita income from the United States Bureau of Economics, will save you money.
Males in Glendale pay an average of $41 per month for this coverage, while women pay around $26.
Regardless of the coverage amount, males in Glendale may pay an average of $26 monthly for a 10-year term insurance policy. Women pay a monthly premium of $17 on average for this coverage.
| Nationwide | Rates for $250K Coverage$12 | Rates for $926K Coverage (Recommended) $20 |
| MassMutual | Rates for $250K Coverage$11 | Rates for $926K Coverage (Recommended) $20 |
| Mutual of Omaha | Rates for $250K Coverage$12 | Rates for $926K Coverage (Recommended) $21 |
| Transamerica | Rates for $250K Coverage$15 | Rates for $926K Coverage (Recommended) $33 |
| AAA | Rates for $250K Coverage$17 | Rates for $926K Coverage (Recommended) $35 |
| Nationwide | Rates for $250K Coverage$9 | Rates for $926K Coverage (Recommended) $13 |
| Mutual of Omaha | Rates for $250K Coverage$10 | Rates for $926K Coverage (Recommended) $14 |
| MassMutual | Rates for $250K Coverage$8 | Rates for $926K Coverage (Recommended) $14 |
| Transamerica | Rates for $250K Coverage$11 | Rates for $926K Coverage (Recommended) $22 |
| AAA | Rates for $250K Coverage$12 | Rates for $926K Coverage (Recommended) $24 |
Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Glendale 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.
Life insurance premiums for men are much higher than those for women. Women often get a discount on their life insurance costs relative to males since they have a higher likelihood of outliving men.
According to several studies, males are more likely than women to engage in risky behaviors, work in occupations that put them in harm's way and develop heart disease.
Studies have shown that men buy life insurance more frequently than women. Women have a significant impact on the financial well-being of their families and are excellent candidates for life insurance.
In terms of average market share, the largest major life insurance providers in Arizona are Prudential Financial Inc. (7%), Northwestern Mutual (6%) and Lincoln Financial (5%).
Around 35% of the Arizona life insurance market is controlled by the seven most well-known companies in the industry. You can examine the life insurance market shares held by Arizona's top companies by looking at the table below.
| Prudential | Market Share7% |
| Northwestern Mutual | Market Share6% |
| Lincoln Financial | Market Share5% |
| Pacific Life | Market Share5% |
| New York Life | Market Share5% |
Market share is a term used to quantify the portion of the market that belongs to a particular product or company. For the purpose of this guide, MoneyGeek compiled a list of the most well-known life insurance carriers in Arizona using data from S&P Global's market intelligence for the year 2020.
Life insurance for young people in Glendale typically costs around $16 to $46 per month. On average, the cheapest insurers for young people in Glendale are:
The table below shows the comprehensive lists of life insurance providers in Glendale and their corresponding monthly rates.
| MassMutual | Monthly Cost$16 |
| AAA | Monthly Cost$17 |
| Nationwide | Monthly Cost$19 |
| Transamerica | Monthly Cost$21 |
| Mutual of Omaha | Monthly Cost$21 |
Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Glendale 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.
If you're young and healthy, life insurance is cheaper. This is because the younger you are, the less likely it is that you'll die from an unexpected illness. As a result, your premiums will be lower than they would be for someone who smokes or is older. Buying life insurance in Glendale at a young age is the best because it gets expensive as you get older.
In Glendale, life insurance for seniors is quite affordable, with a range of around $39 to $82. On average, the top two most affordable life insurance carriers for the elderly are:
Check out the table below to see a comprehensive list of affordable life insurance providers for seniors in Glendale.
| MassMutual | Monthly Cost$39 |
| Mutual of Omaha | Monthly Cost$45 |
| Nationwide | Monthly Cost$45 |
| State Farm | Monthly Cost$48 |
| AAA | Monthly Cost$60 |
Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Glendale who is 5 feet 10 inches and 197 pounds that purchases a 10-year term contract at the average coverage need of $73,000.
Seniors are considered high-risk for life insurance companies and can expect to pay more for coverage than a younger person since their policy is expected to outlive them.
Regardless, there are still ways for seniors to get affordable policies. Since their children are often adults who are financially stable, a lower-value policy might be better.
Life insurance for anyone above the age of 65 is usually used to pay funeral expenses and any outstanding debts. MoneyGeek’s sample senior insurance coverage is set at a lesser amount compared to other buyer profiles.
Smokers are seen as high-risk and are usually charged a higher rate for their life insurance policies. For smokers, rates typically range from $100 to $220 per month.
On average, the two cheapest companies for smokers in Glendale are:
Review the table below for the full list of the best cheap life insurance providers for smokers in Glendale.
| Transamerica | Monthly Cost$100 |
| MassMutual | Monthly Cost$119 |
| State Farm | Monthly Cost$122 |
| Nationwide | Monthly Cost$125 |
| Mutual of Omaha | Monthly Cost$131 |
Rates were determined by analyzing quotes for a 30-year-old male smoker in Glendale who is 5 feet 10 inches and 197 pounds that 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 substantially as you age.
Insurance companies see smokers as high-risk customers and charge them higher rates as a result. This is due to the fact that smokers are more likely to pass away at an earlier age as a result of a smoking-related disease. However, it is possible for smokers to get fairly-priced life insurance.
Due to the fact that insurance premiums for smokers increase with age, MoneyGeek recommends purchasing 20-year term plans to get coverage for a longer period.
Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
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.
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.
