Best Life Insurance Companies in Oklahoma for 2025
MassMutual is the best life insurance company in Oklahoma due to its strong financial ratings, diverse policy options, and competitive pricing, making it a reliable choice for long-term coverage.
Finding the right life insurance in Oklahoma can be overwhelming, but I’ve analyzed dozens of insurers to help you make an informed choice. MassMutual stands out as the best overall provider, offering strong financial stability, affordable rates, and excellent policy options.
If you don’t choose wisely, you could end up paying too much—or worse, leaving your loved ones without enough protection. That’s why I’ve also identified top insurers for specific needs: Mutual of Omaha for seniors, Transamerica for young adults, State Farm for customer service, and Nationwide for smokers. Let’s explore the best policies to secure your financial future.
Best Life Insurance Companies In Oklahoma, 2025






Compare The Best Life Insurance Providers In Oklahoma
We've designed a table to assist in evaluating the leading life insurance companies in Oklahoma, spotlighting our preferred selections based on important factors
Overall Rating | Best For | A.M. Best Rating | J.D. Power Rating (Best 1000) | Online Experience (Best 10.0) | Get A Quote | |
---|---|---|---|---|---|---|
New York Life |
|
Best Overall |
A++ |
775 |
9.7 |
Instant Quote |
MassMutual |
|
Best Overall Runner-Up |
A++ |
801 |
9.6 |
Instant Quote |
Mutual of Omaha |
|
Best For Seniors |
A+ |
780 |
9.7 |
Instant Quote |
Progressive Life |
|
Best For Young Adults |
A+ |
NR |
9.6 |
Instant Quote |
Mutual of Omaha |
|
Best Cheap Life Insurance |
A+ |
801 |
9.6 |
Instant Quote |
State Farm |
|
Best For Smokers |
A++ |
839 |
9.6 |
Instant Quote |
Best Life Insurance Companies In Oklahoma 2025
Best Overall Runner-Up
Key Statistics
Why We Like Them
⇅Earning the title of Best Overall Runner-Up, MassMutual stands out for its wide range of life insurance products. It offers term, whole, and universal policies at competitive prices, with many options for customization. Its career agents, who are experts in the company’s offerings, focus solely on MassMutual policies to better assist customers.
The company’s financial strength is reflected in its A++ Superior rating from AM Best. While it’s not a major player in Oklahoma, MassMutual is a well-regarded name in the insurance market.
Benefits & Drawbacks
⇅- Oklahoma's best bargains
- Wide selection of products with various available attachments
- Top-notch financial ratings ✓
- You won't find whole life insurance available for online purchase.
- Policies are exclusively sold through MassMutual agents.
- J.D. Power score ranks below leading industry rivals. ✘
Best Overall
Key Statistics
Why We Like Them
⇅New York Life is a prominent name in Oklahoma, with its headquarters in New York City and offices throughout the state. A leading life insurer since 1845, it employs thousands and is widely recognized for its strong reputation. We awarded it the best overall title for its diverse product offerings, including standout term life insurance policies like the Million Plus Level Term 10, which provides fixed premiums for ten years and coverage of $1 million or more.
New York Life’s term policies see premiums rise after ten years, but they can often be converted to permanent insurance. They also provide whole life policies, one of which allows for flexible payments, making it a good option for individuals with variable incomes or a desire to pay early. The Secure Wealth Plus policy is available for ages 0 to 60 and can be paid off within a decade. New York Life is the Best Overall due to its size and financial stability. It ranks as the third largest U.S. life insurer, the largest mutual insurer, and #72 on the Fortune 500 list.
Benefits & Drawbacks
⇅- Options for temporary and lifelong insurance solutions
- Stellar customer happiness metrics
- Offers a selection of financial services beyond life insurance coverage. ✓
- Both young adults and seniors often face steep insurance premiums.
- They refrain from selling variable life insurance policies.
- Exclusively sold by life insurance agents. ✘
Best For Seniors
Key Statistics
Why We Like Them
⇅Known for its commitment to seniors, Mutual of Omaha has built trust with its iconic “Wild Kingdom” show and well-trained agents. The company offers life insurance policies designed for seniors facing health challenges. One is a guaranteed-issue policy, requiring no medical exams or health questions, ideal for severe conditions like cancer or heart attacks. The other is a simplified-issue policy that skips the exam but asks health questions, catering to those with minor health issues like high blood pressure or diabetes.
Life insurance for seniors comes at a higher cost, but Mutual of Omaha is a popular choice for its senior-focused products. With a long history in the industry, the company provides Medicare supplements and life insurance options. Baby Boomers and their parents have long trusted Mutual of Omaha, known for its direct mail programs and well-trained agents.
Benefits & Drawbacks
⇅- Secure financial situation
- Provides comfort with proficient team members.
- Competitive premium rates tailored for seniors in Oklahoma ✓
- Compared to major insurers, their footprint in Oklahoma with agents is smaller.
- Experiences more customer complaints than a few of its competitors. ✘
Best for Customer Service
Key Statistics
Why We Like Them
⇅State Farm stands out in the life insurance sector for its high customer satisfaction, as highlighted by J.D. Power. Boasting the largest agent network in the U.S., the company prioritizes accessibility through local offices, where clients can meet with agents in person. Known for its reliable service and quick claims process, State Farm is a trusted partner for families facing challenging times.
Benefits & Drawbacks
⇅- Reports fewer customer concerns than industry standards
- Largest group of agents helping clients
- Has top-tier financial ratings ensuring reliability in claims payment. ✓
- You may only purchase policies through.
- State Farm agents provide different limited rider choices ✘
Best for Young Adults
Key Statistics
Why We Like Them
⇅Young adults on a budget often turn to Transamerica for affordable life insurance options. The company ensures its policies meet the financial needs of this demographic by providing cost-effective coverage. Its website is specifically designed for younger consumers, featuring accessible and clear information. Transamerica remains committed to offering life insurance to individuals from all walks of life.
Young adults often delay purchasing life insurance, considering it unnecessary until they marry or have children. Companies like Transamerica still target this group for their profitability, as lower mortality rates bring better margins. However, Transamerica ranked poorly in customer service, which may result from its reliance on independent agents who sometimes lack consistency in service quality.
Benefits & Drawbacks
⇅- Applicants who qualify can opt out of the medical examination for policies up to $2 million.
- Extends insurance to $10 million.
- Get your term life insurance policy online. ✓
- Coverage starts at a minimum of $25,000.
- Performs worse in customer satisfaction than some competitors. ✘
Best For Cheapest Life Insurance
Key Statistics
Why We Like Them
⇅Recognized as the leading life insurance company in Oklahoma, MassMutual offers financial security and highly competitive rates. While other insurers provide budget-friendly term policies, MassMutual frequently offers the most favorable pricing. For buyers, price is an important factor when choosing a policy, and MassMutual excels in this area. Their term life policies are especially notable, offering high coverage limits at affordable prices, though their whole and universal life options are less budget-friendly.
Benefits & Drawbacks
⇅- Makes available a full suite of life insurance products.
- MassMutual policies are dispersed by a vast network of skilled agents.
- After reviewing several options, we found this to be the least expensive life insurance plan in Oklahoma. ✓
- Online submission is not provided.
- You must acquire it via a MassMutual agent. ✘
Best For Smokers
Key Statistics
Why We Like Them
⇅Nationwide is well-known nationwide for its many local offices that provide sales and service. Smokers in Oklahoma searching for life insurance will find their motto, “Nationwide is on your side,” to be accurate. Despite slightly higher rates for smokers compared to the top competitors, Nationwide stands out as the preferred option for smokers because of its competitive pricing, available agents, and exceptional customer service.
Benefits & Drawbacks
⇅- Many different offices across Oklahoma
- Offers a complete assortment of life insurance coverage.
- Capable agents are selling Nationwide insurance policies across a broad network. ✓
- There is no online method for life insurance applications.
- You need to buy it from an agent that serves the entire nation. ✘
Average Cost of Life Insurance in Oklahoma
The cost of life insurance in Oklahoma varies based on age, gender, smoking status, and the insurer you choose. Below, we break down average monthly premiums for different demographics, helping you find the right coverage at the best price.
Average Life Insurance Costs in Oklahoma by Company
Company | Monthly Premium |
MassMutual | $25 |
Mutual Of Omaha | $26 |
Transamerica | $28 |
Nationwide | $29 |
State Farm | $30 |
Average Cost Of Life Insurance In Oklahoma For Females
Company | Rates for $250,000 Coverage | Rates for $632,000 Coverage |
Nationwide | $28 | $32 |
Transamerica | $29 | $39 |
State Farm | $32 | $45 |
Mutual of Omaha | $26 | $27 |
MassMutual | $24 | $30 |
*Rates based on a 10-year term life policy for a 30-year-old female nonsmoker
Average Life Insurance Rates In Oklahoma For Males
Company | Rates for $250,000 Coverage | Rates for $632,000 Coverage |
Mutual of Omaha | $26 | $30 |
Transamerica | $28 | $44 |
MassMutual | $25 | $29 |
Nationwide | $26 | $30 |
State Farm | $32 | $45 |
**Rates based on a 10-year term life policy for a 30-year-old male nonsmoker
Average Cost Of Life Insurance In Oklahoma For Smokers
Company | Average Monthly Cost |
Nationwide | $50 |
GEICO | $52 |
Mutual of Omaha | $54 |
State Farm | $66 |
Allstate | $68 |
*Rates based on $632,000 of 20-year term life for a 30-year-old male smoker
Smokers typically pay 50-100% more for life insurance. However, you can lower your rates by staying tobacco-free for 12-24 months. After passing a medical exam showing no nicotine, many insurers will reclassify you as a non-smoker.
Average Life Insurance Rates In Oklahoma For Young Adults
Company | Monthly Cost |
Mutual of Omaha | $19 |
Transamerica | $17 |
State Farm | $25 |
Nationwide | $18 |
Prudential | $20 |
*Rates are for a 25-year-old male nonsmoker that purchases a $250,000 20-year term life policy.
Average Life Insurance Rates In Oklahoma For Seniors
Company | Monthly Cost |
Mutual of Omaha | $84 |
Nationwide | $86 |
GEICO | $85 |
Haven | $170 |
Allstate | $88 |
*Based on $75,000 of coverage for a 60-year-old male non-smoker buying a 10-year term life contract.
How Much Life Insurance Do You Need in Oklahoma?
Determining the right amount of life insurance depends on your income, financial obligations, and dependents. Most financial experts recommend purchasing coverage that is 10 to 20 times your annual salary to ensure financial stability for your loved ones.
Using Oklahoma’s Median Salary as a Guide:
The median annual salary in Oklahoma is $53,840, according to the U.S. Bureau of Labor Statistics. Using the standard multiplier, the suggested life insurance coverage would range from:
- $538,400 (10x salary)
- $1,076,800 (20x salary)
Example Scenario
Sarah, a 35-year-old Oklahoma resident, earns $60,000 per year and has a $200,000 mortgage, student loans, and two children. Her ideal life insurance range would be:
- Minimum Coverage: $600,000 (10x salary)
- Ideal Coverage: $1.2 million (20x salary)
Since Sarah has young children and a mortgage, she may want a higher coverage amount to ensure her family’s future expenses—like housing, college tuition, and living costs—are covered.
How To Find The Best Life Insurance Company For You
Finding the right life insurance company depends on your personal needs, budget, and long-term goals. Here’s how to identify the best provider for you:
1. Determine Your Coverage Needs
Start by calculating how much coverage you need based on your income, debts, and dependents. Most financial experts recommend coverage equal to 10-20 times your annual salary.
2. Compare Different Policy Types
- Term Life Insurance – Best for affordability and temporary coverage (e.g., 10, 20, or 30 years).
- Whole Life Insurance – Offers lifelong coverage with a cash value component.
- Universal Life Insurance – Provides flexible premiums and investment options.
3. Research and Compare Insurers
When evaluating insurance providers, consider:
- Financial Strength: Choose a company with high ratings from A.M. Best, Moody’s, or Standard & Poor’s.
- Customer Service & Claims Process: Look at customer reviews and complaint records.
- Coverage Options & Riders: Some companies offer living benefits, disability waivers, or accidental death coverage.
- Pricing & Discounts: Get quotes from at least three companies to compare costs.
Taking these steps ensures you find the best policy at the best price, giving you and your family long-term financial security.
Factors That Impact The Cost Of Life Insurance In Oklahoma
The cost of life insurance in Oklahoma varies based on personal, policy, and location-based factors. Here’s what determines how much you’ll pay:
1. Personal Factors That Affect Premiums
- Age – The younger you are when you buy life insurance, the cheaper your rates.
- Gender – Women typically pay lower premiums than men due to a longer life expectancy.
- Health & Medical History – Conditions like diabetes, high blood pressure, or heart disease can raise costs.
- Lifestyle Choices – Smoking can double your premiums, while high-risk hobbies (e.g., skydiving, scuba diving) also increase rates.
2. Policy-Related Factors
- Term vs. Whole Life Insurance – Term life is cheaper but expires, while whole life offers lifetime coverage and builds cash value.
- Coverage Amount – Higher coverage levels mean higher premiums.
- Policy Riders – Adding waiver of premium, disability income, or child coverage riders increases costs.
3. Oklahoma-Specific Factors
- Severe Weather Risks – Oklahoma has one of the highest rates of tornadoes and natural disasters, which some insurers factor into pricing.
- Healthcare Costs – The state has above-average medical costs, impacting life expectancy and influencing rates.
- Insurance Market Competition – Oklahoma has fewer major life insurers than some other states, which can limit pricing options.
Oklahoma Life Insurance Laws To Know
Understanding Oklahoma’s life insurance laws helps policyholders make informed decisions and ensures their beneficiaries receive protection. Below are key regulations that govern life insurance policies in the state:
Grace Period for Missed Payments
Oklahoma law mandates a 30-day grace period for policyholders to make up missed premium payments without losing coverage. If payment is made within this period, the policy remains in force.
Contestability Period
Insurers can deny claims within the first two years if the policyholder provided false information on their application. However, once this contestability period expires, the insurer must honor claims, even if misstatements are later discovered.
Free Look Period
Oklahoma provides a 10-day free look period, during which new policyholders can review their contract. If unsatisfied, they can cancel the policy within this window for a full refund of premiums paid.
Time Limit to Settle Claims
Life insurance companies in Oklahoma must process and pay claims within 30 days of receiving all required documentation. Failure to comply can result in penalties.
Guaranty Association Protection
If an insurance company becomes insolvent, the Oklahoma Life and Health Insurance Guaranty Association protects policyholders by covering up to $300,000 in death benefits. If your insurer goes bankrupt, this organization will cover up to $300,000 in death benefits and $100,000 in cash surrender value.
Beneficiary Designation to Trusts
Policyholders can name a trustee as a beneficiary. If no trustee claims the proceeds within 12 months, the death benefit is paid to the insured’s estate.
By understanding these laws, policyholders can make better decisions about their life insurance and ensure their beneficiaries are properly protected.
Largest Life Insurance Companies In Oklahoma
Oklahoma is home to numerous life insurance providers. The five largest ones, by market share, are:
Life Insurance Company | Market Share |
New York Life | 7% |
State Farm | 5% |
Prudential | 5% |
Northwestern Mutual | 7% |
MassMutual | 6% |
Looking For Life Insurance In Other US States?
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- Best Life Insurance In South Carolina
- Best Life Insurance In Georgia
- Best Life Insurance In Massachusetts
- Best Life Insurance In New Jersey
- Best Life Insurance In Texas
- Best Life Insurance In Ohio
- Best Life Insurance In California
- Best Life Insurance In Florida
- Best Life Insurance In Alabama
- Best Life Insurance In Hawaii
Our Methodology
Our process of choosing the best life insurance companies was methodical and comprehensive. We considered factors such as customer service, product variety, pricing, and online usability. From my experience in life insurance sales and agent interactions, I gained valuable insights into their offerings. Our choices weren't solely influenced by affordability, except for the "Best for Cheapest Life Insurance" category. Each company excels in its market, emphasizing that price should not be the only factor in selecting a life insurance policy.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
FAQs
Is life insurance more expensive in Oklahoma?
Life insurance rates in Oklahoma are similar to rates in other states. Insurers with higher premiums often base them on a higher-than-average number of expected claims.
How much per month is a million dollar life insurance policy in Oklahoma?
The $1 million, 10-year term life insurance policy from MassMutual is priced at $34 per month, the lowest we found in Oklahoma.
What is the average monthly cost of life insurance in Oklahoma?
A 30-year-old male in Oklahoma can obtain life insurance coverage valued at $250,000 for just $10 monthly, while a woman of the same age might pay the same amount.