How Does Smoking Affect Your Life Insurance Rates?

Smoking will always have a negative impact on your life insurance premiums. Since smoking is linked as the cause of many terminal diseases, agencies will consider smokers a risk. This means that you will not be able to get preferred plus rates, which are the best. Because of their health condition, smoke smoker may even have to purchase no exam term life insurance.

1 cigar smokerWhat is a smoker?

First, we should clarify what is a smoker, from an agency’s point of view. A smoker can be defined as a person who has consumed tobacco products in the last 12 months. Tobacco products include: cigarettes, cigars, nicotine patches, pipe and chewing tobacco.

In most cases, agencies will not make nay difference between someone who smokes every day and someone who smokes occasionally. Even if you smoke rarely, your blood tests can show traces of nicotine which will put you in the same risk category.

How can agencies tell you are a smoker?

Agencies relay on a complicated underwriting process to determine your life insurance premiums. You will have to take several medical tests which include blood and urine tests. Your blood tests can show traces of nicotine. However, prior to this, you will have to complete a policy in which you will be asked if you smoke or not. If you lie on your policy and your blood tests prove that you smoke, you will be denied coverage or get more expensive rates.

How expensive life insurance for smokers is?

Life insurance rates for smokers are sometimes four times higher than or non smokers. Even if you have an excellent health condition, you will not be able to get preferred plus rates. In most cases, smokers get standard rates, which are not the best. Being put in a risk category will have a negative impact on your premiums.

It is important to keep in mind though, that smoking will not disqualify you from getting life coverage. No agency will refuse to insure you just because you smoke.

Smokers, like any other people, need life coverage too. Fining cheap premiums is a challenge, but our website can help you! We have important contacts with top insurance providers in the country! Visit us and compare quotes.