Need Oklahoma Life Insurance Quotes?

Purchasing life insurance in Oklahoma is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of life insurance that you choose to purchase. Regulations regarding life insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of Oklahoma life insurance.

Insolvency coverage is limited to $300,000 in life insurance death benefits, but not more than $100,000 in net cash surrender and net cash withdrawal values for life insurance; in the event that your insurance provider is unable to fulfill your policy.

In terms of debt collection, group life insurance proceeds are exempt. Mutual benefits are exempt.

In Oklahoma, any portion of the net taxable estate passing to the surviving spouse is completely exempt from tax. This class of beneficiaries includes the decedent's father, mother, child, child of a husband or wife, adopted child or lineal descendant of decedent or of such adopted child. For estates of decedents dying in 2005, the first $950,000 is exempt.

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