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.

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 a smoker, have always been and I think will always be. Is there any chance for me to get life insurance in Broken Arrow Oklahoma OK?

Redmon

Broken Arrow, OK

Well, that is your choice, Redmon, and no one will judge you for it, so don’t feel like you have to explain yourself to me. But let’s face it, there will be some things that will not be the same between you and a non-smoker, in particular, life insurance. There was a time when smokers really had to pay much much higher insurance premiums than non-smokers. Nowadays, there is this brilliant plan called smoker life insurance which significantly reduced the premiums to be paid, although it is still more expensive than a regular life insurance. Smoker life insurance is offered by most insurance companies and there are a lot in Tulsa Oklahoma OK.

Although you are saying that you will forever be a smoker, I’d still like to point out that there are discounts given to somebody who’s reduced his nicotine intake so this might make it a bit attractive for you to reduce, if not totally eliminate, your nicotine intake. You can get free quotes for smoker life insurance from this page by just typing in your zip code. Just to inspire you maybe, you can compare it too with a non-smoker life insurance, or compare it using reduced levels of nicotine intake.

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