When you reach out to Alan Farley Insurance LLC about purchasing a life insurance policy, you might have in mind the same type of policy you had while studying in Tulsa, OK, or a policy from a previous employer. However, we’ll ask you a few questions about your coverage needs and suggest the most suitable options. This is because life insurance boasts one of the widest arrays of coverage in the industry.

Common Types of Life Insurance

Life insurance comes in many forms. Typically, you choose between whole life or term life. If you pay the premiums, a term life insurance policy remains in effect for a finite period, for instance, 10 years or 30 years. You can renew it for another term or switch to a whole-life policy at its expiration. A whole-life policy stays in effect until you pass away as long as you keep paying the premiums.
Both policy types allow you to pay the premiums monthly, quarterly, annually, or make a one-time payment. Policies with a one-time premium calculate the price based on the average lifespan. After the first payment, you’ll never have to pay premiums on a policy with a lump sum.

Varieties within Term and Whole

Whether you opt for whole or term, the industry presents many varieties, such as universal life, cash value life, burial, and others. Burial insurance solely covers your funeral expenses, while cash value life pays a death benefit to your named beneficiary and allows you to build a pre-tax savings account throughout your lifetime.

Contact Your Insurance Agent Today

Call or email Alan Farley Insurance LLC today to explore your life insurance options. Ensure the protection of your family, close friends, and beloved charities in Tulsa, OK, in the unfortunate event of your death.

At Alan Farley Insurance LLC, we know how important life insurance is for Tulsa, OK residents. It is never too early to start planning, and these policies ensure that your loved ones are taken care of should the unthinkable take place. However, it can be hard to know where to start. That’s where this comprehensive guide comes into play. 

Here are some crucial tips:

Have Your Documentation Ready

Before you can begin to choose a life insurance policy, you need to have all of the necessary documentation on hand. Your birth certificate, social security card, billing and banking statements, current insurance policies and power of attorney paperwork will all need to be presented. Make sure that they are always being stored in a safe place.

Making a Specific Plan

Every client is going to have different wishes for their end-of-life care. That’s why you need to create a plan that is specific to you. What type of care do you plan to receive and who do you plan to have by your side along the way? If you are unable to make your own decisions, who will be making them for you? These are questions that need to be answered.

Consult With Professionals

Regardless of how prepared you may be, there are still questions that need to be answered. That’s where a consultation with experienced life insurance providers will come in handy. You can present all of your concerns and questions in an open forum and receive the answers that you need before proceeding.

Schedule A Consultation Today

Tulsa, OK, residents who are looking to learn more about a potential life insurance policy are urged to contact Alan Farley Insurance LLC as soon as possible. Any questions or concerns that you may have can be addressed in a timely manner so that you are able to find the best policy that meets your needs.

Alan Farley Insurance LLC is proud to serve the insurance needs of the greater Tulsa, OK community. If you have questions about life insurance for your young family, we’re here to help. Call us today to learn more about the different types of policies that are currently available in our area. We look forward to working with you!

The Many Benefits of Life Insurance for Young Families

Many people’s perspective changes when they begin to have children and start their families. Their future might seem less predictable, and protecting a growing family becomes a major concern. Fortunately, there are a number of different life insurance options available to help you reach this goal. Protecting young children from the unexpected death of a parent is possible with the right policy.

When you have the financial protection for your family taken care of, you can breathe easily knowing that they’ll be insulated from harm as much as possible. One of the greatest advantages of providing your survivors with a robust policy is the lower level of upheaval they’ll face.

The death of a parent can make one’s life change dramatically without very much notice. With the right policy in place, your family can remain in the same home and attend the same schools. Now’s an ideal time to get your policy in place.

Contact us today to learn more about life insurance. You’ll be glad you did!

If you live or work in Tulsa, OK or the surrounding area, you can count on the team here at Alan Farley Insurance LLC. We’re here to answer any questions that you might have and help you determine an appropriate way to protect your young family. Contact us today to schedule an appointment to learn more.

Discussing family estate family can feel awkward for some people – many of us simply do like talking about death in any way. However, family estate planning is a crucial part of planning for the future. Here at Alan Farley Insurance LLC we are happy to help families in Tulsa, OK and the surrounding areas learn more about life insurance and estate planning.  

What Is Estate Planning?

Estate planning is a series of plans that you set in place and discuss with your family concerning how you want your finances, possessions, and final arrangements to be handled. This can include updating your family about your will, informing your family about your final arrangements, and even appointing someone legally who will be in charge of handling these items on your behalf once you pass.

Who Should Come to An Estate Planning Meeting?

It is entirely up to you who comes to the meeting, but you should definitely involve anyone who will be directly involved in carrying out any of your wishes. You might also want to invite anyone who is going to be directly affected by any of the choices you have made. Most people also have a lawyer present if they think there will be any legal confusion. 

How Do I Start Estate Planning?

The first step in estate planning is to make sure you have a solid life insurance policy in place. Your life insurance is the foundation of your estate. This insurance policy will help make sure that your family is financially provided for after you pass. 

Give Us A Call

If you would like to learn more about life insurance or estate planning, please get in touch with us at Alan Farley Insurance LLC serving Tulsa, OK and the surrounding areas.