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Life Insurance - Term and Permanent Life Insurance - Oklahoma

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.


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Term Life Insurance

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

 

Permanent Life Insurance

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a qualified and licensed life insurance professional.

Thank you for your interest in Insurance One Agency. We have proudly served Oklahoma since 1984. Call our office at 800.475.0001 or email your questions and an insurance professional will reply promptly.

Multiple Policies,  All in One Place

Most people have several different types of insurance to protect all of their important possessions. Still, we know it can be a hassle trying to settle on the right coverage. You need very specific protection, after all. Our goal is to help all of our clients cover their unique insurance requirements. We proudly offer:

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