Life Insurance in Arizona — Average Cost 2026
Average life insurance (term, $500k) in Arizona: $552/year ($46/month). Arizona ranks #28 out of 51 states — below the national average.
Average annual
$552
Average monthly
$46
National rank
#28
of 51 states
vs national avg
-4.2%
Arizona vs national average
Get your personalized estimate
State averages are the starting point. Your actual rate depends on your individual profile. Use our calculator for a detailed estimate.
Term life insurance in Arizona: community property rules
Term life insurance rates in Arizona are 4% below the national average, driven mainly by individual health, age, and lifestyle rather than geography. One thing that is state-specific: Arizona is a community property state, which affects how life insurance proceeds and beneficiary designations are treated for married couples — a policy purchased during marriage can be considered joint property unless your beneficiary designation says otherwise.
The figures shown represent a benchmark rate for a healthy 40-year-old male with $500,000 in 20-year term coverage. If you're married and live in Arizona, it's worth confirming your beneficiary designation matches your intent, ideally with an estate planning attorney.