Best Life Insurance in Oklahoma City, OK (October 2024)

In Oklahoma City, Oklahoma, Mutual of Omaha is the best life insurance provider for men, with a MoneyGeek score of 91 and an average monthly premium of $42. For women, Protective is the top provider, with a MoneyGeek score of 92 and a monthly premium of around $29. These scores and premium costs are based on a 20-year term policy with $500,000 coverage.

Different factors should be considered when deciding what type of life insurance to buy. Your unique needs may mean a different company is best for you.

For the best life insurance in Oklahoma City, Mutual of Omaha stands out for men, with a MoneyGeek score of 91 out of 100 and an average monthly premium of $42. For women, Protective leads with a MoneyGeek score of 92 out of 100 and an average monthly premium of $29.

Top providers for men:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $42 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $43 per month for men

Top providers for women:

• Protective: MoneyGeek score of 92 out of 100 at $29 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $36 per month for women

Mutual of Omaha and Protective have high MoneyGeek scores and competitive premiums, making them excellent choices for individuals seeking life insurance in Oklahoma City. Their strong financial stability and customer satisfaction scores further ensure reliable coverage.

For men in Oklahoma City seeking the best term life insurance, Mutual of Omaha stands with a MoneyGeek score of 91 out of 100 and an average monthly premium of $21. For women, Protective leads with a MoneyGeek score of 92 out of 100 and an average monthly premium of $15. These top scorers assure excellent customer satisfaction and financial stability, making them reliable choices for term life insurance coverage.

The top two term life insurance companies for men are:

• Mutual of Omaha: MoneyGeek score of 91 out of 100 at $21 per month for men
• Protective: MoneyGeek score of 91 out of 100 at $21 per month for men

For women, the top two are:

• Protective: MoneyGeek score of 92 out of 100 at $15 per month for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 at $21 per month for women

Term life insurance offers a death benefit over a specified period, making it a practical choice for those needing coverage for a particular time frame. For instance, parents may opt for term insurance to ensure their children's financial security until they reach adulthood.

In Oklahoma City, Protective provides the best whole life insurance for men and women, with a MoneyGeek score of 92 out of 100 for both genders. This score reflects a strong balance of affordability, customer satisfaction and financial stability, making the company an excellent choice for those seeking a reliable whole life insurance policy.

Top whole life companies for men in Oklahoma City:

• Protective: MoneyGeek score of 92 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for men

Top whole life companies for women in Oklahoma City:

• Protective: MoneyGeek score of 92 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 91 out of 100 for women

Whole life insurance is a type of permanent life insurance that offers a death benefit and a cash value component that grows over time. For example, an individual might choose whole life insurance to ensure lifelong coverage and potentially build cash value that can be borrowed against if needed.

Protective is the top provider of the best universal life insurance in Oklahoma City, with a MoneyGeek score of 91 out of 100 for men and women. This high score reflects the company's commitment to affordability, customer satisfaction and financial stability.

Best universal life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best for women's universal life insurance:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Universal life insurance offers flexibility in premiums and death benefits, which can appeal to those who want control over their policy's cash value growth. For instance, someone might choose universal life insurance to adjust their premium payments in response to financial changes, ensuring their coverage remains intact without straining their budget.

Protective provides the best no-medical-exam life insurance in Oklahoma City, with a MoneyGeek score of 91 for men and women. The company's high ranking suggests it offers reliable insurance products that cater to consumer needs without the inconvenience of health screenings.

Best no-medical-exam life insurance for men:

• Protective: MoneyGeek score of 91 out of 100 for men
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for men

Best life insurance for women that does not require a medical exam:

• Protective: MoneyGeek score of 91 out of 100 for women
• Mutual of Omaha: MoneyGeek score of 90 out of 100 for women

Life insurance without a required medical exam allows individuals to obtain coverage quickly and without needing a health assessment. For example, someone with a busy schedule or a dislike of medical procedures might opt for this insurance as a convenient alternative to traditional life insurance policies.

For men seeking the best term life insurance for seniors in Oklahoma City, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $83. For women, Protective leads with a MoneyGeek score of 91 and an average monthly premium of $65.

Age is a determining factor in the cost of life insurance premiums; as seniors are more likely to have health issues, premiums are typically higher to account for this increased risk. Mutual of Omaha and Protective have earned their top positions through competitive pricing and a strong combination of customer satisfaction and financial stability. These factors are crucial for seniors who prioritize cost and reliability when choosing a life insurance policy.

In Oklahoma City, Mutual of Omaha is the leading provider for the best term life insurance for smokers, with a MoneyGeek score of 90 for men and 88 for women. The average monthly premium for both genders is $46.

Smoking influences life insurance premiums significantly, as insurers view smokers as higher-risk clients, which often leads to increased costs. Mutual of Omaha's top MoneyGeek scores reflect its commitment to excellence across multiple facets of service, including affordability, customer satisfaction and financial stability. For smokers in Oklahoma City, these scores are a reliable indicator of quality and value in an insurance policy.

Protective offers the best term life insurance for young adults in Oklahoma City, with a MoneyGeek score of 92 for men and women. The average monthly premiums are $13 for men and $10 for women. Protective's high MoneyGeek score reflects strong affordability, customer satisfaction and financial stability.

Age plays a significant role in determining life insurance premiums. Younger adults typically benefit from lower premiums due to their lower risk of health issues. Choosing the best term life insurance for young adults is crucial for securing financial protection at a young age. Protective's high score and competitive premiums make it a top choice for young adults in Oklahoma City.

For the best cheap term life insurance in Oklahoma City, Nationwide is the top provider for men, with a MoneyGeek score of 93 and an average monthly premium of $19. Its high score is due to its excellent buying process and affordability. Meanwhile, Protective leads for women with a MoneyGeek score of 92 and a monthly premium of around $15. Protective scores well for women because of its high customer satisfaction and financial stability.

Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain good health, choose a longer term and opt for a higher coverage amount. Choosing the right provider can ensure you get the best cheap term life insurance tailored to your needs.

The average monthly cost of term life insurance in Oklahoma City is $27 for women and $36 for men. These costs are based on various factors that affect life insurance premiums, including age, health, lifestyle, coverage amount and term length.

There are several reasons why the cost of life insurance in Oklahoma City might differ from the rest of Oklahoma. Demographic factors, such as the age and health trends of the population, can influence premiums. Economic conditions and local insurance market competition also play a role in determining costs. Understanding these factors can help you make informed decisions when purchasing life insurance in Oklahoma City.