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.

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!

Reader’s Question:

I am thinking of taking out a life insurance policy in Lawton Oklahoma  for myself. I wanted to know if there are any benefits of having a universal life insurance as to whole life insurance.

Thank you.

Mary

Lawton, OK

Well, Mary, if you are young and planning for the future but are reluctant to spend money on life insurance in Lawton because you believe you have nothing to show for it, go for a universal life insurance.

A universal life policy is definitely recommendable if you want permanent, lifetime coverage. The premiums do not increase if you renew your policy or reapply for a term insurance. A universal life insurance can help pay off debts and your mortgage. A term life insurance policy can also do that but the flexible premium payments and adjustable death benefits are not characteristics of a term life insurance policy.

A term life insurance policy does, however, provide death protection for a specific length of time and also gives the largest immediate death benefit for your money. Some policies are convertible to whole or universal even if you are not in good health.

Universal Life insurance does not offer as many guarantees as whole life does but it can be more cost-effective. All in all, it depends on your needs and your financial situation. It is not an easy decision to make as it affects your entire family not just for the present but for many years to come.

If you need to choose the best priced life insurance in Oklahoma you can shop online. It is always wise to compare rates first before you buy anything. Choose wisely!