Need Arizona Life Insurance Quotes?

Purchasing life insurance in Arizona is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of life insurance that you choose to purchase. Regulations regarding life insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of Arizona life insurance.

Insolvency coverage is limited to $100,000 with respect to cash value or annuity claims or $300,000 for all benefits including cash values and annuity claims, as well as death benefits in the event that your insurance provider is unable to fulfill your policy.

In terms of debt collection regarding assets, life insurance proceeds not to exceed $20,000 are exempt if payable to surviving spouse or child upon the life of a deceased spouse, parent or legal guardian. Cash surrender value of life insurance policies in an amount not to exceed $25,000 are exempt, where for a continuous unexpired period of two years such policies have been owned by a debtor and have named as beneficiary the debtor's surviving spouse, child, parent, brother or sister, or any other dependent family member. Group life insurance policies or proceeds are exempt.

Arizona assesses an estate tax that is equal to the federal estate tax credit for state death taxes. No additional estate taxes are imposed.

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