Life Insurance in Oklahoma
Life insurance is a way to protect your family's finances in the event of your death. It can cover funeral expenses, replace years of lost income, and can even provide tax benefits. If you're looking for a life insurance policy in Oklahoma, TLC Insurance Associates in Oklahoma City, Oklahoma can provide you with many options and help you find the right policy.
Oklahoma Life Insurance Coverage Options
There are several types of life insurance, each with its advantages and disadvantages. Learning more about your coverage options can help you find a policy that meets your loved one's needs.
Whole Life Insurance
Also referred to as traditional life insurance, this is a permanent form of life insurance that provides coverage across the insured's lifetime. Coverage is guaranteed if premiums are paid. Premiums and interest are fixed, and the policy's cash value may increase over time.
Term Life Insurance
Term insurance requires you to make fixed payments across a period, usually between 10 and 30 years. The policy beneficiaries will receive a cash benefit if the insured dies during this period. It's an excellent option for people needing coverage for a limited time window.
Universal Life Insurance
Like whole life insurance, universal life insurance is a permanent form of life insurance, offering more flexibility. It's possible to pay premiums anytime, with limitations, and death benefits can be increased or decreased. Premium payments that go above the insurance cost can be credited toward the policy's total cash value.
Find the Right Oklahoma Life Insurance Policy
Life insurance can provide your loved ones with financial security and give you peace of mind. Choosing the right type of insurance can be challenging, but TLC Insurance Associates can work with you to find the best form of coverage. To learn more about your options or get a free quote, call us today at (405) 802-3486.