When looking to get Arizona Life Insurance Quotes that are both competitive and also offer the level of cover that you need. There are several different factors to consider.
The first of these is what has prompted you to get the cover in the first place. For many people it takes a wakeup call like a car accident or an unexpected illness to finally get them to look into taking out Life Insurance in Arizona.
Whilst for others the motivation may come about because they are setting up a business and the bank demands it, or else it may be simply the next item on the financial checklist of things to do.
Clearly which of those it is will have a big effect on how motivated you are to get Arizona Life Insurance and how quickly you feel inclined to sort yourself out with some cheap Arizona Life Insurance Quotes.
But the reality remains that life insurance is far more important than most people give it credit for, and that if you haven’t yet sorted out a policy (or maybe haven’t got adequate life cover), then it needs to be something that you sort out sooner rather than later.
Arizona Life Insurance - The Facts...
Arizona is the 48th State, and is also landlocked. It covers a vast amount of territory, being the sixth largest state in terms of the land area that it takes up. But a surprisingly small percentage of the space is privately owned, only 15%. The rest is taken up with park land, forests, state trust land and reservations that are controlled by Native Americans.
Of Arizona’s approximately 6 million inhabitants, over half live in the State Capital Phoenix.
When looking at Arizona Life Insurance it is important to consider what the leading causes of death are in Arizona, as these inevitably end up influencing the cost of your life insurance.
One of the most interesting of these, given that Arizona has such a hot climate, is how many deaths in Arizona are caused by exposure to excessive natural heat.
And in fact the Arizona legislature actually commissioned a report that showed the numbers of these deaths between 1992 and 2009 to be 1,485.
Another factor that will affect how much your life insurance in Arizona costs is the average mortality rates in the state.
In this regard the Arizona Department of Health Services has some interesting statistics about the mortality rates for citizens of Arizona here:
According to this, in 2009 the average age at death in Arizona was 73 for men and 80 for women overall. As a little aside, there are striking differences between the life expectancy of White, Hispanic, Black and Native Americans.
White
Men 75
Women – 81
Hispanic
Men – 63
Women - 72
Black
Men – 60
Women – 68
Native Americans
Men – 54
Women – 66
Regardless of your ethnicity though it is important to see life insurance for what it really is. Namely as a protective mechanism to take care of your loved ones in the event that you are no longer around to do it.
And the younger that you take out Arizona Life Insurance, the less money it is going to cost you. So every day that you wait to get some Arizona Life Insurance Quotes is pushing up the cost of what you will ultimately have to pay for the cover.
Arizona Life Insurance – The Details
The Insurance Industry in Arizona is regulated by the State Insurance Code of Arizona, a copy of which you can find here.
This lays down the law about how life insurance in Arizona, and every other type of insurance will be handled, and sets down a legal framework for both consumers and Arizona Insurance Companies.
Most of this you don’t need to know. However there are some useful things to bear in mind.
The first is that you do have a grace period of 30 days if you miss a payment. So your insurance company can’t immediately cancel your cover if you miss a payment by mistake, and then pay it within a 30 day period.
Secondly, you should be paid any benefits that you are entitled to under an Arizona Life Insurance Policy within a period of 60 days.
Note though, that the statutes also protect the insurance companies from fraudulent claims, false claims, or claims based on false information (such as where you used the wrong date of birth etc). So be careful what you put on any insurance forms, or else you may find that your loved ones won’t end up getting paid out.
Arizona Life Insurance Resources
The Arizona Department of Insurance
It is the Arizona Department of Insurance that oversees all the insurance activity in the State of Arizona.
They say that their “Mission is to faithfully execute the state insurance laws in a manner that protects insurance consumers and encourages economic development.”
This is a trade association for Life Insurance Companies where you can also find out more about the life insurance industry, and also look up more specifics relating to Arizona Life Insurance.
Life Insurance in Arizona is big business with over 2 million individual life insurance policies held by Arizona residents, and over 14,000 people employed by the insurance companies.
One of the main reasons for this is that getting sufficient life insurance is one of the few things that you can do whilst you are alive to make sure that your family are taken care of when you aren’t here.
