I've been in insurance since 1993 and know most people are unsure when it comes to understanding the differences between life insurance plans.

It's for that reason some people hesitate to get quotes.

Here is an easy explanation:

Arizona Term Life Insurance - usually sold as 10 year term, 20 year term or 30 year term. That means the premium locks in for the duration of the ten, twenty or thirty years. For example, after the 10 years is up the rate begins to increase.

A 30 year term is more expensive than a 10 year term, because you are locking in a rate for a longer period of time.

Your term policy does not accumulate any cash. You are only buying the death benefit. However, for the younger person term insurance is great because it allows you to buy lots of death benefit at the cheapest price.

Term is NOT a long term solution. You won't see many senior citizens owning a term policy. The policy either expires or the premium increases to a level that is unaffordable.

Do not buy only term insurance if you want life insurance in force during your retirement years.

Arizona Universal Life Insurance - locks in a premium today for the rest of your life. The policy also accumulates cash but on some U.L. policies you have to leave the cash alone or it could affect the viability of your policy. The cash and your monthly premiums often work in unison, allowing the premium to remain level for the rest of your life. U.L. is best suited for someone who wants life insurance when they die -whether that is today or when they are 85 years old.

For Low Cost Arizona life insurance: Arizona Life Insurance Broker