II’ll bet that you didnt know that Smokers Life Insurance rates can still be affordable you just have to know who to speak to and which carrier to shop. Most life insurance companies will rate up your premiums sometimes by fifty percent if you smoke or are a tobacco user of some sort.
If you can save money on your life insurance premiums even if you smoke isn’t that worth the time reading our story
The life insurance underwriters will want to know that you have not used any tobacco for over one year for you to get the Non Tobacco rates. That would typically be a Standard or Standard Plus Non Tobacco rating.After stopping smoking for two possibly three years you might be able to obtain the Preferred Rate class offered.Five years of more of being cigarette and tobacco free you could even get the very best rates the company offers. That is if you qualify per the carriers guidelines on all there other health categories.
See below here for possible rate’s and classes for smokers life insurance
Five years of more no tobacco at all: You could actually get the Pref Best
No tobacco of any kind 3 plus years equals: Possible Preferred Quote
No cigarettes or tobacco 2 years or more: Possible Preferred or Standard Plus Class
No cigarettes or tobacco 1 year or more: Possible Standard Rate Class
What this means to you is simply how much you are going to pay for your life insurance premiums, plain and simple. Now if you still smoke well then you will simply have to qualify as a Smoker.If you dont quit smoking you’re rates will be higher and thats the end of the story.If you are honest with yourself you might just decide to quit smoking to save on the premiums. Hey I’m not knocking you here I do chew tobacco on occasion and I used to smoke as well that’s why I’m writing this post. I want you to be able to find quality low cost insurance to protect you and your family or business.
Here is the good news, life insurance prices are especially term life are cheaper than they have been in years due to modern medicine extending mortality and the carriers competing with each and running a more efficient company. So we all know how much everyone hates to pay insurance premiums but this is the one insurance the once you have it in force gives you a sense of (hard to explain) calmness? Just knowing that you have it there does give you piece of mind, trust me I am speaking from my own experience.
So here is what you do, find a good Life Broker or Agent. Make sure and ask them how many carriers they are appointed with! If they are not appointed with at least ten companies ask them why and make sure the answer is really good. Ask them if they work with a BGA (Brokerage General Agency) that has a multi-carrier platform.It’s possible to get some weird vibes from your broker now because they know now you know what your talking about.Have a couple of good life agents give you a number of different quotes!
When it comes to Term Life Insurance premiums a lot of the time how much does it cost you will drive the decision on the carrier.You should purchase the most you can absolutely pay for and really now stop the smoking!
Tags: cigarettes, Insurance, smokers life insurance, tobacco