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Protection beyond health coverage

Life insurance and long-term planning in Arizona

Life insurance, final expense, long-term care and annuities address different goals for loved ones, future care and retirement income. Compare what each option is designed to do before applying.

Four options to compare

Match the product to the purpose

These options are not interchangeable. Start with what you want the policy or contract to accomplish, then compare costs, eligibility, benefits, exclusions and access to funds.

Loved ones

Plan for family protection

Life insurance can provide a benefit to chosen beneficiaries. Final expense insurance is a narrower type of life insurance intended to help with funeral and other end-of-life costs.

  • Final expense insurance

    Final expense insurance is a type of life insurance generally designed to provide a smaller death benefit that beneficiaries may use for funeral, burial, cremation or other expenses. Premiums, waiting periods, exclusions and benefit amounts vary by policy.

  • Life insurance

    Life insurance pays a death benefit to named beneficiaries when the policy requirements are met. Beneficiaries may use it for funeral expenses, debts, income replacement or other needs. Coverage, premiums, exclusions and the length of protection depend on the policy.

Common life policy structures

Term, whole and universal life policies handle coverage length, premiums and cash value differently. Compare the policy illustration, guarantees and possible lapse risks, not just the initial premium.

  • Term life insurance

    Term life insurance provides coverage for a stated period, often 10, 20 or 30 years. A death benefit is generally paid if the insured dies while the policy is active and its requirements have been met. Premiums, renewal terms, exclusions and available amounts vary by policy.

  • Whole life insurance

    Whole life insurance is permanent coverage that can include fixed premiums and a cash-value component, subject to the contract. Loans or withdrawals can reduce cash value and the death benefit, may cause the policy to lapse and may have tax consequences. Review the policy illustration and carrier terms carefully.

  • Universal, variable, guaranteed universal and indexed life insurance

    These permanent life policies combine a death benefit with cash-value features that differ by contract. Interest rates, market indexes, investment performance, fees and flexible premiums can affect policy value and the risk of lapse. Variable products involve investment risk. Review the carrier illustration, guarantees and non-guaranteed values with an appropriately licensed professional.

Future care

Prepare for changing care needs

Long-term care insurance is designed for help with daily activities when care is needed at home or in a facility, subject to the policy’s terms and benefit limits.

  • Long-term care insurance

    Long-term care insurance may help pay for qualifying care when a person needs assistance with daily activities such as bathing, dressing, eating or mobility. Depending on the policy, covered care may be received at home, in assisted living or in a nursing facility. Eligibility triggers, waiting periods, benefit limits and exclusions vary by policy.

Retirement income

Review how income may be structured

Annuities are insurance contracts that may be structured to provide income now or later. Features, access to funds, fees and surrender terms vary by contract, so the details matter.

  • Annuities and retirement income

    An annuity is an insurance contract that may offer accumulation or income options. Any guarantee depends on the contract terms and the issuing insurer's claims-paying ability. Fees, surrender charges, withdrawals, taxes and market-related features may affect value, so review the carrier's materials and confirm that the product and licensed professional fit your needs.

Product availability, underwriting, premiums, benefits, exclusions and contract terms vary by product and carrier. Review the policy or contract before applying, and consult a tax or legal professional when you need advice outside an insurance agent’s role.

Keep the categories clear

This page is about longer-term protection

Looking for dental, vision, hearing, hospital indemnity, cancer or short-term home health care coverage? Those Medicare-adjacent coverage gaps are grouped separately so you can compare them without mixing them into life and retirement planning.

Explore optional coverage

Start with the outcome you want to protect

Tell us whether your priority is loved ones, future care or retirement income. A licensed agent can explain the differences and help you identify what to compare before applying.

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