Life insurance for smokers have been found to be two to four times higher than individuals that don’t smoke. There are some life insurance companies that will not even cover smokers due to their high risk of health problems in the future. However, there are insurance carriers that offer life insurance options for smokers.
A smoker could be someone that smokes all day long. They may smoke any where from a half of pack to one pack of cigarettes a day. Individuals that smoke occasionally are considered smokers as well.
The best way to try to find a great rate as a smoker is to shop around with different life insurance companies. Each company is going to have their own rates. When you shop around, you may be able to find a company to work with you if you plan on quitting smoking. Even if you don’t plan on quitting, you may be able to find a reasonable rate that you can afford in your monthly budget.
Couples that have one individual that smokes and the other one does not smoke are going to find that their rates will vary. The individual that does not smoke is going to be able to receive a cheap rate, but they will have to pay more on their life insurance policy because their spouse smokes.
If you are getting older and are ready to purchase life insurance, be sure to get quotes from several companies. Compare the coverage amounts and what you believe will suite your family best. Look at your budget and see what type of monthly payment you are going to be able to afford. When you have looked at all of these factors, you will be ready to choose a life insurance company to get coverage from.