Short answer: Arizona's annuity free look is 10 days, or 30 days if you're 65 or older. Replacements carry producer and insurer duties under A.R.S. §20-1241.01 and following.
This guide is general consumer information for Arizona life insurance buyers. It isn't legal advice or a coverage determination. Policy wording, underwriting and the statutes linked below control.
Annuity free look and age 65+
If you're buying an annuity, A.R.S. §20-1233 gives a 10-day free look after delivery, or 30 days if you're 65 or older on the application date, with a refund of all payments. For life policies, read the right-to-examine notice in the contract you receive.
Replacing a policy
Arizona's replacement article (A.R.S. §20-1241.01 and following) sets duties for producers and insurers when a new policy replaces existing coverage, including producer duties. Don't drop existing coverage until the new policy is in force and you've reviewed it.
Insurer financial strength
Shoppers who want regulator guidance on insurer financial strength or solvency in Arizona can reach the Arizona Department of Insurance and Financial Institutions.
Questions? Contact Alishahi Insurance or call (877) 711-4545. See insurance in Arizona.
Frequently asked questions
What's Arizona's annuity free look?
10 days, or 30 days if you're 65 or older, under A.R.S. §20-1233.
Are there rules for replacing a life policy in Arizona?
Yes. A.R.S. §20-1241.01 and following set producer and insurer duties.
Alishahi Insurance · 439 N Canon Dr, Penthouse, Beverly Hills, CA 90210 · (877) 711-4545 · CA License #4348151. General information only. This isn't legal, tax or financial advice or a coverage determination. Coverage depends on policy language and underwriting, and rules vary by state.