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Life Insurance in Arizona

We can help you choose the right life insurance plan in Arizona.

Life Insurance Agent GilbertLife insurance acts as a contract between an insured person (the policy holder) and an insurance company, where the insurance company promises to pay a selected beneficiary a sum of money (listed as “benefits) upon the policy holder’s death. Depending on the contract selected, other events such as terminal illness or critical illness may also receive a payment to the policy holder or their beneficiary. The policy holder will pay a premium, either in regular installments or a lump sum. Other expenses such as funeral expenses are often included in the benefits, but be sure to review your specifics with a licensed agent.

People buy life insurance for many reasons. Often it is purchased by the policy holder to offer peace of mind to the beneficiary in the event of their untimely death. As such, it would alleviate any financial hardships they may endure as a result of their death.

Something else to discuss with your licensed insurance agent, are the possibilities of a life insurance policy to act as payouts during retirement. Be sure to have your agent explain the benefits and drawbacks of such a program.

Life insurance policies are legal contracts and carry terms that describe the limitations of insured events. Exclusions will apply in many cases limiting the liability of the insurer such as suicide, fraud, war, riot and civil unrest. Consider all of these items carefully prior to purchasing a policy.

There are two major categories for life insurance.

  • Protection policies – A policy designed to provide an insurance benefit for a covered event, typically a lump sum payment to the beneficiary.
  • Investment policies – The main goal here is to facilitate growth of capital. These are each outlined below.

It is important to understand the three types of life insurance available in Gilbert, AZ.

  1. Term Life Insurance: Provides protection for a specific time frame, for instance, 20 years. It is generally less expensive than a Whole Life Insurance policy. Frequently term life insurance can be changed to a permanent policy.
  2.  Whole Life Insurance: This is a form of life insurance that remains in force your entire lifetime (as long as you pay our premiums). It is important to note that whole life insurance policies can be an investment as they build value over time.
  3. Universal Life Insurance:  Universal life insurance has flexible premiums but can also build value like the whole life policy which earns through an interest rate that changes occasionally.

To find out more about life insurance and what policy may be best for you, contact a licensed agent today at McAlister-Gray Agency at 480-621-6400

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Locations

McAlister-Gray Insurance

1543 West Elliot Rd., #101

Gilbert, AZ 85233

Phone: (480) 621-6400

Fax: (480) 807-1477

info@mcalistergray.com 

People Love McAlister-Gray Ins

People Love McAlister-Gray Insurance!

  • I had the pleasure of working with Michele Gonzalez when I purchased my second home and was looking for affordable homeowners insurance. She was professional, quick and very knowledgeable and got me a great deal on my policy. I would highly recommend Michele and McAlister-Gray Insurance Agency.

    Ruben B. – Casa Grande
  • McAlister-Gray has been my insurance provider for well over a decade, covering my home(s), auto(s), umbrellas (Did you know you can protect yourself against rain? LOL!). The staff has been great, and I have recommended them to many of my friends and colleagues. David is the only insurance agent that has ever proactively contacted me about changing policies and giving me a lower rate – absolutely amazing.”

    Gary M. – Scottsdale
  • “David is a great guy and a wonderful Insurance Agent! I talked with him and got a quote for both my autos and my homeowners. Since he is an Independent Agent, he was able to check around and get me the best deal. I had both auto and home with the same company for years, but David saved me several hundred dollars with the two policies placing them with two different companies. He got me the coverage I needed and I’m delighted that I made the change to McAlister-Gray! Thanks again, David.”

    Tencil S. – Gilbert
  • Your Agency is always so helpful and courteous, and your employees are great – especially Kim Cox. I called under duress, and she, with her knowledge, was so helpful and put me at ease. She lifted a weight off of my shoulders! Every time I call she is right there showing a sense of urgency to take care of me and my family. You have a great employee there!”

    Jamie M. – Glendale
  • I’ve had the pleasure of working with the McAlister-Gray Agency for several years. They have always been very accommodating, helpful and friendly. I would recommend them to anyone!

    Gary G. – Gilbert

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