At AAA Tulsa – South Memorial, we offer a variety of life insurance options to fit your needs and budget. We can help you understand which type of life insurance is best for you and your family based on your unique situation.
Sorting through the many types of Tulsa life insurance available is not always easy – especially when making such an important decision as protecting your family’s future. At AAA Tulsa – South Memorial, we can help you determine the life insurance coverage that is right for you and which term or whole life policy will offer a higher level of protection in the event of a claim.
Keep reading to learn more about a life insurance insurance policy through AAA Tulsa – South Memorial!
Life insurance is designed to provide a benefit in the event of an insured’s death. Many people access this benefit in order to cover funeral and burial expenses, pay off final debts and help loved ones get through financially without the presence of the primary breadwinner in their household.
For many families, life insurance coverage on key family providers is necessary for the stability and well-being of the whole household, especially in times when a breadwinner becomes seriously or even terminally ill. Even if there is the hope that treatment will be successful and lead to a full recovery, life insurance coverage can help cover medical bills, missed wages, and other expenses related to such an illness.
Of course, many people decide to secure life insurance coverage simply in order to meet future financial goals or provide their loved ones with the peace of mind that comes with knowing that they are financially protected in the event of an untimely passing.
There are many types of Tulsa life insurance available today, including term, whole, universal and variable insurance. We can help you determine which type of life insurance policy is right for your unique needs and financial goals.
The most common type of life insurance is term life. This life insurance policy provides coverage for a predetermined amount of time or “term.” The premium remains unchanged until the term expires, at which point the policyholder must renew the policy or choose a new one.
Another common life insurance policy is whole life. With whole life, the insured will pay a reasonable amount in order to protect their family in the event of an untimely passing and in return receive lifelong coverage.
Universal life insurance is a combination of term and whole life coverage, allowing the insured to customize their Tulsa life insurance policy by choosing both the time frame and premium.
Tulsa variable life insurance works similarly to universal life but offers more flexibility in regards to premiums. The insured can choose to pay more during times of financial stability in order to have the coverage grow faster, or choose to pay less during times of financial instability.
At AAA Tulsa – South Memorial, we are passionate about meeting the unique needs of our clients by offering a variety of life insurance policies in Tulsa. Are you ready to get started? Contact us today to learn more about Tulsa Life Insurance!