Best Life Insurance Companies in Mesa, AZ, for 2023

Life insurance provides financial assistance to your beneficiaries when you pass away. With so many life insurance companies in Mesa to choose from, comparing quotes can help you find the coverage that best fits your needs and lifestyle.

Life insurance rates are mostly influenced by two factors: gender and coverage amount. MassMutual provides the cheapest life insurance in Mesa, Arizona, for $250K coverage to both men and women, with policies costing an average of $11 per month and $9 per month, respectively.

Although life insurance policies with $250K coverage are cheaper, most people may find it insufficient for their needs. For additional coverage, you should consider getting the state-recommended coverage amount, which is based on state-specific factors, such as the cost of living, average personal debt, average income and average age.

In Mesa, Nationwide offers the cheapest life insurance policies that include the state-recommended coverage of $708K to both men and women for $20 and $14 per month, respectively.

The cost of life insurance varies based on your gender. Women in Mesa, for example, pay 6% less than the state average, while men pay 3% more.

Based on the level of coverage and policy term, MoneyGeek analyzed the estimated cost of life insurance for men and women in Mesa. Men spend roughly $21 per month for life insurance with $250K coverage, while women pay around $14 per month for the same policy.

The more coverage you have, the more your policy will cost. Policies that include the higher state-recommended coverage amount of $708K cost approximately $41 per month for men and $21 per month for women.

Men in Mesa pay $26 per month, on average, for a 10-year term insurance coverage, while women pay approximately $18 per month for the same coverage.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Mesa 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.

MoneyGeek's study found that Prudential Financial Inc., Northwestern Mutual and Lincoln Financial are the most popular life insurance firms in Arizona based on respective market shares of 7%, 6% and 5%.

When the market shares of Arizona's top seven life insurance firms are added together, the total is 35%. The table below shows the aforementioned top seven insurers in the state.

Life insurance premiums for younger people in Mesa can range from $16 to $46 per month. MoneyGeek discovered that the two cheapest insurers in the city for young people are:

• MassMutual: $16 per month
• AAA: $17 per month

In the table below, you can compare various life insurance quotes in Mesa for young individuals.

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

The average cost of life insurance for seniors in Mesa ranges from $40 to $82 per month. According to MoneyGeek's research, the city's cheapest firms for seniors are:

• MassMutual: $40 per month
• Mutual of Omaha: $45 per month

More life insurance providers with the best prices for seniors in Mesa may be found in the table below.

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

On average, smokers in Mesa pay between $100 and $221 per month for life insurance. According to MoneyGeek, the cheapest life insurance carriers in Mesa for smokers are:

• Transamerica: $100 per month
• MassMutual: $119 per month

Check out the chart below for more information on the city's least expensive insurers for smokers.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Mesa who is 5 feet 10 inches and 197 pounds that purchases a 20-year term contract at the average coverage need of $708K. 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 Economics, 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.