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Best Life Insurance Quotes in Oklahoma City, OK

March 3, 2021, 12:13 p.m.

Discussing life insurance can be uncomfortable, but it’s vital to ensure you and your loved ones are financially secure. You need a life insurance agent who is honest and offers competitive rates. We researched the best life insurance in Oklahoma City to help you start planning.

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How we chose the best

ConsumerAffairs thoroughly researched consumer reviews and company information.

28 Hours researched
98 Reviews analyzed
21 Companies evaluated
7 Companies selected
Haven Life
Haven Life
Features
  • Term life insurance for 5, 10, 15, 20 and 30 years
  • Coverage up to $3 million
  • Haven Life Plus rider with free and discounted benefits
  • Available in Oklahoma City and nationwide
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Fabric
Fabric
Features
  • Term life insurance for 10, 15 and 20 years
  • Coverage up to $5 million
  • Use the app to personalize and manage your coverage
  • Available in Oklahoma City and nationwide
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Ladder
Ladder
Features
  • Term life insurance for 10 to 30 years
  • Coverage up to $8 million
  • Adjust your coverage over time
  • Available in Oklahoma City and nationwide
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Policygenius
Policygenius
Features
  • Free coverage assessment tool
  • Compare quotes from more than a dozen companies
  • Best rates all in one place
  • Available in Oklahoma City
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Globle Life Insurance
Globle Life Insurance
Features
  • More than 60 years of industry experience
  • Policies for children available
  • Rates as low as $1 for first month
  • Two offices in OKC
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Location
100 N. Broadway Ave.
Oklahoma City, OK 73102
(877) 577-3860
Lynnae Insurance Group
Lynnae Insurance Group
Features
  • "Key man" life insurance for businesses
  • Buy/sell agreements
  • 10-, 20- and 30-year term life insurance
  • Representatives available 24/7
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Location
5119 N. Western Ave.
Oklahoma City, OK 73118
(405) 217-8851
Centennial Insurance Group
Centennial Insurance Group
Features
  • M-F: 8:30am - 5:30pm
  • Closed Sat and Sun
  • centennialins.com
Location
2814 W. Britton Rd.
Oklahoma City, OK 73120
(405) 286-4735

How to choose life insurance in Oklahoma City

Oklahoma City Skyline

Death can be unpredictable and leave many financial consequences in its wake.

Life insurance lessens these consequences for family and loved ones who are left behind. Life insurance policies provide funds to pay funeral and end-of-life medical expenses, serve as replacement income and cover mortgage payments and other debt.

There are two main types of life insurance in OKC: term life and whole life. The chart below highlights the key differences.

Term life insurance Whole life insurance
  • Coverage for a specific period of time
  • Common terms of 10, 20 and 30 years
  • No cash value
  • Premium could remain level or increase
  • Typically less expensive than whole life
  • Coverage for life
  • Also known as permanent
  • Has cash value
  • Premium remains level through policy life
  • Typically more expensive than term life

Universal and variable life insurance policies are also available in Oklahoma City. Both of these are variations of whole life insurance that allow you more flexibility to adjust your policy and offer different investment options.

Life insurance policies become more expensive as you age, so it’s better to plan early rather than wait to purchase one. Premiums also increase in price if you are facing a serious illness or otherwise in poor health. Other factors that affect the cost of life insurance in Oklahoma City include:

  • Gender
  • Age
  • Weight
  • Current health
  • Health history
  • Occupation
  • Alcohol habits
  • Hobbies
  • Tobacco use

Because of the importance and high value of life insurance policies, you want to ensure your provider is honest, offers competitive rates and has a history of financial strength.

Oklahoma City has local branches of major life insurance carriers like State Farm, New York Life Insurance Group, Allstate, MetLife, Prudential Financial and Farmers. There are also a handful of local companies that you can work with, such as Globe Life Insurance, Lynnae Insurance Group and Centennial Insurance Group.

Haven Life

Haven Life VISIT WEBSITE

Haven Life is a tech-oriented life insurance agency that offers term life insurance that you can purchase online. OKC customers can use the needs calculator to help determine their needs and get quick estimates on policy rates. Policies are issued by MassMutual and have level premiums, accelerated death benefits and renewability. According to the company, it takes an average of 25 minutes to apply, with customer support available by phone and online. A medical exam is not always required.

Fabric

Fabric

With Fabric, you can apply online for term life insurance in just 10 minutes. Choose a term of 10, 15 or 20 years and a coverage amount up to $5 million. Policies are issued by Vantis Life, a Penn Mutual company. OKC residents can start the process online or using the Fabric app and get an estimate in just a minute. Once you have coverage from Fabric, you can cancel it at any time.

Ladder

Ladder

Ladder focuses on fast and easy application for life insurance and affordable coverage with no hidden fees. Apply online and get coverage within minutes. Policies are issued by Fidelity Security Life Insurance Company and Allianz Life Insurance Company of New York. You can “ladder your coverage” up or down as needed through your account. The company provides referral bonuses up to $1,000.

Policygenius

Policygenius

Policygenius is an online company that gathers quotes from multiple agents in your area. After you fill out a short questionnaire online, the company provides premium rates and available coverage types based on your individual needs. Customers in Oklahoma City say using Policygenius is a pressure-free experience.

Globle Life Insurance

Globle Life Insurance

Globe Life Insurance, founded in Oklahoma City in 1951, has executive offices in Oklahoma City and McKinney, Texas. The company has an A+ rating with the Better Business Bureau and A.M. Best. It offers term, whole and children’s life insurance policies. Customers in Oklahoma City give the company high reviews for its affordable policies.

Lynnae Insurance Group

Lynnae Insurance Group

Lynnae Insurance Group was started locally in 2002 to provide a new approach to insurance in Oklahoma. It represents American National Property and Casualty Co. The company offers term, whole, universal and key man life insurance. Oklahoma City customers praise the company’s customer service and affordable rates.

ConsumerAffairs content is intended to be used for general information purposes only. Before you make any investment, it is very important to do your own analysis based on your own personal circumstances and consult with your own investment, financial, tax and legal advisors.