Largely yes. Under A.R.S. § 33-1126(A), the cash surrender value of life insurance policies and annuity contracts is exempt if the policy has been owned for at least two years and names your spouse, child, parent, sibling, or other dependent family member as beneficiary.
Separately, life insurance proceeds of up to $20,000 paid to a surviving spouse or child upon the death of a spouse or parent are exempt.
Health, accident, and disability benefits are also protected. Policies purchased or funded shortly before filing get extra scrutiny, so review any recent insurance transactions with your attorney.
This page is general legal information, not legal advice, and does not create an attorney-client relationship. Exemption figures were verified against official sources in August 2026; inflation-adjusted amounts (including Arizona's Prop 209 figures and county median homestead values) are computed estimates that change annually and should be confirmed by an attorney for your petition date. Contact Majors Law Group, P.C. for advice about your specific situation.
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