Life Insurance

No one likes to discuss subjects related to death—a reason why many avoid the topic of life insurance. Like all the other insurance policies in Oklahoma, life insurance is designed to protect your family financially when you pass away. While it's can be scary, life insurance is one of the most important policies you will ever buy.

What is life insurance, and how does it work?

Life insurance an agreement between a policyholder and an insurance company that promises to pay a large sum of money to the named beneficiary in exchange for premiums paid during their lifetime. The policyholder chooses a primary beneficiary who will receive the money upon the policyholder's death.

Who should buy life insurance?

Anyone is eligible to purchase life insurance, but factors such as age and health play a huge role in determining the rates. For instance, a young, strong, and healthy youth will pay less than an older person dealing with chronic illnesses. At secure Insurance Group, we advise applicants to provide truthful information, including the past and present health conditions, to help calculate their premium payments.

Which are the main types of life insurance?

There are two major types of life insurance—whole and term life insurance. Whole life insurance is also known as permanent insurance as it is designed to cover the policyholder for a lifetime. On the other hand, term life insurance is a simple type of policy covering you for the duration you agree with your insurer. You can choose a policy that lasts between one and 30 years.

How much life insurance do I need?

The amount of life insurance to buy depends on your reason for buying the policy. For instance, if you have dependents, you might want to buy life insurance to provide for them even when you're gone. If you have young children, your policy can help pay for their education, clear your debts and fund your burial expenses.

Looking to buy life insurance in Oklahoma? Secure Insurance Group can help you find a policy that matches your needs, style, and budget. Call us today!