Collision and Comprehensive Car Insurance Coverage in Oklahoma

December 12 2008 by visitor in Comprehensive Insurance |Comments Off

Reader’s Question:

My agent here in Oklahoma suggests that I get collision and comprehensive coverage. How are they different from one another?

Debra

Lawton, OK

Collision and comprehensive car insurance coverage are two different things, Debr,a and both can add to your safety and security while driving. Most car insurance companies in Oklahoma offer these coverages to their clients.

Try to consider that certain events or incidents can happen, and they are usually beyond our control like weather conditions such as floods, storms, hurricanes, as well as natural calamities like earthquakes and flash fires and even theft or vandalism. And if these incidents occur, having a comprehensive coverage can be handy should your car be damaged by the said events. Your comprehensive coverage will shoulder expenses for your car’s repair or even replacement of your vehicle. If you purchased your car by means of a loan, then a comprehensive car insurance coverage will be required by the bank or the financing company. Although comprehensive coverage is an optional addition to your car insurance policy, I suggest that you still get one especially if your car is pretty expensive.

On the other hand, collision coverage will pay for expenses due to damages resulting from collision with another car or objects like lamp posts or fences or wild animals. But if you have an old or inexpensive car, the costs for repairs may be worth more than the amount of having it replaced, instead. Thus, paying for high premiums for your collision coverage may not be advantageous to you. So, think it over first before adding collision coverage to your insurance policy to avoid unnecessary expenses. After all, collision insurance is typically an optional coverage in your policy.

So, remember, collision and comprehensive insurance coverage are typically optional but otherwise useful add-ons to your existing policy.

What Is Insurable Interest Life Insurance?

December 9 2008 by visitor in Life insurance leads |Comments Off

Reader’s Question:

Can I buy my friend here in Oklahoma a life insurance policy for her?

Graham

Lawton, OK

Unfortunately you might not, unless maybe you are able to prove that you might suffer financial loss or difficulty in the event your friend there in Oklahoma suddenly passes away. In the life insurance industry this is known as “Insurable Interest”. The only parties that are allowed to purchase life insurance for someone else are spouses, family members or relatives, business partners or any individual that will suffer financially upon the death of the insured are the ones that have “Insurable Interest” and are allowed to purchase the said life insurance party for the person they wish to give coverage.

Insurable Interest actually stems on the idea that strangers may commit murder to get death benefits or death proceeds if they are allowed to insure just anyone they wish. That would be an unacceptable amount of risk for both the individual being insured as well as towards the business of the life insurance provider itself.

You might also ask who the policy owner is if a person with sufficient “Insurable Interest” is allowed to buy life insurance coverage for someone else. The policy owner would be the one who bought the insurance (and the one who will be paying it) but the insured would, obviously, be the one who is protected under the coverage. This is important to understand since there are life insurance providers who only allows the policy holder to take money out of a cash-value life insurance policy.

Increasing Term Life Insurance Options in Oklahoma?

December 8 2008 by visitor in Life insurance leads |Comments Off

Reader’s Question:

I’m thinking of either getting an increasing or decreasing term life insurance in Oklahoma. Could you tell me how these two differ from each other?

Lorie

Lawton, OK

Increasing term life insurance is also called yearly renewable term policy or annual renewable term. The face amount of this policy, which is also called death benefits, remains level or does not increase over time as long as you continue paying your premiums. Upon the death of the policyholder, the face amount or death benefit is paid to the beneficiary in a form of monthly income or in one lump sum. The reason why it is called increasing term life insurance is because its premium increases every year. The life insurance company is charging the premiums according to the life expectancy of the policy holder for a particular year.
Decreasing term life insurance has a level life insurance premium this means that the life insurance premium does not increase. The death benefits on the other hand decreases over the period of the policy in a uniform amount. The death benefit decreases in the same manner as the mortgage balance decreases. This policy is also called a basic mortgage protection life insurance.

Car Accident and Auto Insurance in Oklahoma

November 27 2008 by visitor in Auto insurance leads |Comments Off

Reader’s Question:

Hi, I’m in Oklahoma, and I’ve never been in an accident before, but I want to know just what to do auto-insurance wise if ever it happens to me.

Dolly

Tulsa, OK

Well, hello, Dolly. Yes, I hope nobody ever figures in an accident. I’ve been in one here in Oklahoma, too, and it was nowhere near pleasant. But if ever it happens, what you need to do first, of course, is to check for any injuries. Some injuries would take hours or days before they appear. It is always best to go see a doctor just to be really sure. And then there’s the matter with the police. Report the accident immediately. Then call your auto insurance company and tell them about the accident.

Speak with the other driver if you figured in a collision accident, and exchange information with him or her: phone number, address and insurance information. This is especially important if the accident was caused by the other driver. You could also look for witnesses and ask for their contact information in case their account of the accident is needed.

So, to sum it up: When you figure in an accident check for any injuries, contact the police, exchange pertinent information with the other driver, contact auto insurance company and check if you can find any witness.

After reporting the accident to the auto insurance, they will then send an insurance adjuster. Be ready to provide what you know to the adjuster. Do not add anything or edit what happened because the adjuster will confirm your story with other sources, too, such as the witnesses’ account, the other driver’s story and the police report.

How Much Life Insurance Do You Need in Oklahoma?

November 21 2008 by visitor in Life insurance leads |Comments Off

Reader’s Question:

How will I know the amount to be purchased for a life insurance policy in Oklahoma?

Alfred

Lawton, OK

In the event of a death, it is important that the loved ones of the depose ensures sufficient funds that would help the people at this time. The questing to ask now is how much is needed to sufficiently covers those that have to be taken care of.

There are issues to consider knowing the amount to be purchased on a life insurance policy. If have dependents, you would want to ensure that money covers the funeral arrangement. You may also want to cover the income that would be lost for 2 years if you are the breadwinner.
Aside from these, you may also want to consider the financial state of your loved ones. Given these factors, you would probably need $500,000. For a single, $50,000 may be enough. This can help the family eases the pain from the loss of loved ones.

For a 10-year term, a $500,000 may require you to pay $68 to 105 per month. For $50,000, the monthly premium ranges from $13 to 20 a month.

Smoker Life Insurance Rate Quotes in Oklahoma

November 20 2008 by visitor in Smoker Insurance |Comments Off

Reader’s Question:

I just want to ask why life insurance here in Oklahoma costs so much for smokers. Can anyone help me out with this?

Carl

Lawton, OK

Hi Carl. It is quite unfortunate that smokers life insurance tends to cost more than life insurance for non-smokers. I guess the best way to explain this is by letting you in on how insurance companies do their business.

You see, for insurance companies to earn money, they have to make sure that the number of insured clients they have that make a claim on their insurance policies are less than those that do not make a claim. If it was the other way around, then they will be shelling out more money than they have coming in.

For them to sell smokers life insurance, they have to balance out the risk that their insured will make a claim on their policy with their need to earn more money by getting more clients. Thus, the higher insurance premiums for smokers.

Still, there is hope for the smokers out there. There are certain companies that specialize in getting good insurance rates for smokers life insurance. Also, some smokers who only smoke occasionally can even be considered for non-smokers life insurance with other insurance companies. This will of course depend on the insurance companies policies. My suggestion is you find yourself a reliable agent in Lawton, Oklahoma who can assist you in finding the product that will best suit your insurance needs.

Cheap Life Insurance Rates Oklahoma City Oklahoma

November 15 2008 by visitor in Life insurance leads |Comments Off

Reader’s Question:

I appreciate life insurance and what it does, but I don’t know which one to get and which will be right for me. Can you help me find one in Oklahoma City, Oklahoma?

Francis

Oklahoma City, OK

Hello, Francis, how are you today in Oklahoma City, Oklahoma?

I hope this is okay with you if I first discuss briefly the types of life insurance available for you in Oklahoma City, Oklahoma. Life insurance generally fall into two categories namely temporary and permanent. All of which will have the standard death benefit feature which is a sum of money that will be handed out to your beneficiaries as agreed upon by you and your insurer. Under temporary life insurance, there is only one type of life insurance and this is the term life insurance. Term life insurance is the cheapest among all life insurance products but will cease to be effective after the term. Say your term life insurance is good for five years and after five years, you have not passed away yet, then you will not be able to get any benefit from your life insurance. Term life insurance will be attractive to those people with life-threatening disease, or if you have a short-term goal which you just have to protect by any means.

Permanent life insurance now has two types called universal life and whole life. Both will be effective starting from the day the life insurance policy was finalized until the day you die. Their difference lies in the manner they are handled, because universal life policies tend to have more flexibility than whole life. Whereas whole life insurance has fixed premiums and death benefit, universal life has flexible payment schemes and death benefit is subsequently adjusted, too.

Finally, you might also want to consider the cost implication of all three types on life insurance, Francis. You may be working on a budget now and it will be good for you to check out some life insurance proposals by entering your zip code on the blank space you see on this page.

Cheap Life Insurance Rates in Lawton Oklahoma

November 7 2008 by visitor in Life insurance leads |Comments Off

Reader’s Question:

I know that proceeds from life insurance are supposed to replace your income when you’re gone. But I don’t work and I just take care of the kids at home in Lawton Oklahoma. Should I still ask my husband to get me life insurance?

Adriana

Lawton, OK

You may not be working Adriana and to your mind, you do not contribute to the family income but in reality, you are actually contributing in decreasing the family’s expenses by taking care of the child. Remember that one of the most expensive items of child rearing nowadays is childcare and if you want quality childcare in Lawton Oklahoma, you should expect to pay big bucks for it. And let’s face it, not even the most expensive child care will be half as good as a mother’s care.

Your husband should consider if he will be able to continue the same quality care that you are giving to the kids now if you should pass away before him. Obviously he’ll have to be away from home or from the kids to come up with some income. He will need to hire someone to take care of the kids and it doesn’t come that cheap, not the good ones anyway. There are also other items that should be looked at like food and cooking. I’m sure, Adriana, that you make sumptuous healthy meals for your family day and day out. Again your husband should evaluate if he will settle for something less than this or if he is willing to pay extra for quality food, which I’m sure Lawton Oklahoma has no shortage of but may be quite costly.

Running the household is no easy task and it is really a wonder how some women are able to accomplish the tasks of many qualified staff, such as what you are doing Adriana. It’s good that you have brought up this item and your husband will do well to listen to you.

You can look up at some free quotes from this page by entering your zip code. Kudos, Adriana, you’re a hero!

Cheap Health Insurance Rates in Oklahoma

November 7 2008 by visitor in Health insurance leads |Comments Off

Reader’s Question:

I’d like to get health insurance in Norman Oklahoma OK but I’m not sure which will be right for a ballerina like me. I do not have a steady income, but rather it is dependent on our shows. I hope you can help me pick the right health insurance.

Corrine

Norman, OK

Hello, ballerina Corrine! I love ballet so if I am ever in Oklahoma  I hope it will be at a time when you are performing so I can go and watch you dance.

Due to the nature of your profession, and the irregular, or unscheduled, income you have, I would highly recommend getting a managed health insurance. Managed health insurance does not require you to pay for your expenses, and you have a wide range of medical professionals to assist you in your time of ailment. Managed health insurance are usually managed (as the name implies) by health management organizations (HMOs) and your individual health plan will be managed by a primary care physician who will refer you to the specialist that you would require at any point in time.

There are many HMOs in Oklahoma and consequently there are many options when it comes to health insurance plans. To get a few sample quotes, you just need to enter your zip code on the search bar that you see on this page. Take your time reviewing the five proposals given to you before you choose one. Good luck, Corrine, and stay graceful all the time!

Where To Buy Cheap Term Life Insurance Oklahoma

November 7 2008 by visitor in Life insurance leads |Comments Off

Reader’s Question:

If I wanted to apply for a term life insurance policy in Tulsa Oklahoma OK, how would I go about it?

Carlton

Tulsa, OK

Good day, Carlton!

Life insurance is one of the specialties of local insurers in Tulsa Oklahoma OK and it will not be that hard to find help for this endeavor. Always when applying for life insurance, the first question you’d want answered is “how much death benefit do I want?” and this can either be an arbitrary number in your mind, or a number based on your family’s needs when you pass away.

Having this number in mind, you of course want to know how much such a death benefit package will cost and naturally you’d want to shop before you commit to anyone insurance company in general. Shopping for quotes has never been this easy because we have a powerful tool on our fingertips called the internet. The easiest, fastest, most convenient (not to mention cheapest) form of shopping for quotes is of course online. On this page, you will see a blank space where you can enter your zip code to take a short survey.

After you’ve answered the short survey, you will be given five free quotes from different insurance companies in Tulsa Oklahoma OK. You will now analyze and evaluate the quotes you have in your convenient time. Remember that the only deadline you want to beat is the deadline you have set for yourself so take your time when you analyze the quotes.

Lastly, when you have more or less decided among those five insurers who you’d like to chat with, drop by their office for a more in-depth interview. Remember to ask anything that’s crossed your mind about life insurance.

Always when getting life insurance, you should know everything there is so don’t hesitate to ask anything you can think of, even the ones you think are so mundane.

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