Smokers Life Insurance Policies can still be found at affordable rates!
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.
Lets break this down real simple like because smokers deserve the best term life insurance rates just like everyone else:
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.Quitting for five years or more will allow you to obtain the top rates available. 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 tobacco or cigarettes for overr two plus years: Possible Preferred or Stadard 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. Those rates will be higher there is nothing you can do about that but bit the bullet.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?From my perspective and experience knowing that you have this coverage in force will give you a little piece of mind.
One of the first steps you should really do is go speak to a really experienced Life Insurance professional.You need to make sure they can represent multiple carriers!Your agent really should be appointed and ready to write business with a number of the top life carriers if not find another agent. 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!