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Anyone looking for Oklahoma life insurance should get it sooners rather than later. So that was a really bad joke but the sentiment is true. Getting life insurance is an important step if you have anyone that relies on your income or if you want to make sure that people are not burdened financially in the event that you pass away. In this article we will look at how much life insurance you need and why Oklahoma term life insurance is the best option for most people.
We get this question all the time so we came up with some easy benchmarks to help. If you have children at home or a spouse and they are dependent on your income then you should get ten times as much life insurance as your annual salary. So if you make $75,000 per year get $750,000 of Oklahoma life insurance. This may seem like a lot but consider that your family will have much less income and that large lump sum can pay off the mortgage, pay for college, and provide enough time for your kids to be much older until your spouse will need to work. If you do not have someone dependent on your income then get enough life insurance to cover your debts and the funeral. By doing this you can make sure that your family is not burdened financially by your passing. And you want to make sure they are mourning your death and not the bill the funeral director gives them. With either of these scenarios Oklahoma term life insurance is going to be the best option to get you covered.
The vast majority of people who are looking to purchase Oklahoma life insurance go with Oklahoma term life insurance. In fact all the states we work with, whether it is Texas life insurance, Kansas life insurance, etc. term life insurance is the main policy we see being purchased. The main reason is the price. Term life insurance is less expensive than any other type of Oklahoma life insurance. It is also very easy to understand. You pay a premium and the insurance company covers you for the agreed upon amount. Due to this simplicity the insurance companies are very competitive at trying to get these types of policies. The combination of simplicity and competition brings down the rates. Overall you cannot go wrong with Oklahoma term life insurance.
At TermLife360.com we are dedicated to helping you find the best Oklahoma life insurance rates. We would be honored to help you through this process. If you are ready to get started just fill out the form on the side of this page or contact us with any questions.