Steiner Insurance Group

2413 Wilcox Dr
Norman, OK 73069

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Life Insurance in Oklahoma

Life insurance is one of the most essential types of coverage to have for many consumers. If you have dependents or anyone in your life who is relying on you financially, it's vital to purchase life insurance to provide financial protection to them if you pass away. Life insurance is also critical if you have numerous debts that you don't want to fall on family members if you pass away unexpectedly.

There are numerous factors regarding life insurance policies for residents of Oklahoma, and you will want to look into finding the right policy for your needs. Let Steiner Insurance Group in Norman, OK help answer your questions.

Term Life Insurance vs. Whole Life Insurance

The two main types of life insurance out there are term life insurance and whole life insurance. These two types of insurance function differently. They also feature some key differences when it comes to premium costs and financial impact for the policyholder.

Term life insurance is generally the least expensive type of life insurance available. With a term life insurance policy, the policyholder makes regular payments for a designated length of time, like ten years or twenty years. If the policyholder passes away during that time, a death benefit will be paid to their beneficiaries. If not, the policyholder gets nothing back from the policy.

Whole life insurance is a more cumulative product. Not only does it involve a death benefit payment, but whole life insurance policies also accumulate value over time. Premiums for whole life insurance policies tend to be more costly than for term life insurance policies.

Choosing the Right Life insurance Coverage Amount

In addition to selecting the insurance type, the policyholder also needs to select a coverage amount. Coverage amounts should be based on the financial needs of the policyholder's beneficiaries and the policyholder's budget. Larger coverage amounts cost more and require more expensive premiums from the policyholder.

If you're looking for the right life insurance policy in Oklahoma, contact us at Steiner Insurance Group in Norman, OK for more information on the policies that we offer.

Partner Carriers

  • american-modern
  • cna
  • encompass
  • foremost
  • hagerty
  • kemper
  • mdow
  • mercury
  • northstar
  • progressive
  • safeco
  • statewide-general
  • travelers