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Cheap life insurance for smokers 2020 + savings tips



If you smoke, you may wonder if you can get life insurance at all, let alone at a reasonable rate. You can!

Life insurance for smokers does not always break the bank. You can still get coverage with low premiums if you know where to look and the requirements for smokers with different insurance companies.

  life insurance for smokers

Here is everything you need to know to get a cheap life insurance as a smoker 2020.

How much more does life insurance company for smokers cost?

Life insurance for smokers usually costs much more than it does for non-smokers. Smokers can pay up to 350% more for life insurance, depending on the coverage amount and the company.

Even if you have another good health, the insurance companies consider that you are a higher risk as a smoker due to the potential health problems associated with smoking. If you are an older smoker, premium rates only increase.

The cost of your coverage still depends on factors such as your family history and your coverage amount. As a smoker, however, you see a significant difference in premiums on the same insurance for smokers versus non-smokers.

For example, if you are in your 30s and want to buy a $ 500,000 life insurance policy. You can pay more than $ 1,000 more per year in smoking premiums.

Life insurance easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Indefinite, expert advice.

Get impartial insurance training from licensed experts and also avoid dubious sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

How does life insurance define smokers?

When a life insurance company asks if you smoke, you may think they only mean tobacco.
If you smoke anything other than tobacco, you may still fall into the smoking category based on the company's criteria.

Insurance can also consider you a smoker if you use tobacco without smoking it.

Life insurance companies will consider your smoking status differently based on the following forms of smoking and tobacco use.

Chewing Tobacco

You may be aware of the dangers of smoking cigarettes, but chewing tobacco poses its own potential health problems.

When you smoke tobacco your risk of lung cancer and other types of lung disease increases, chewing tobacco carries a 50% higher risk of oral cancer.

Chewing tobacco also has a high concentration of nicotine, equal to about 60 cigarettes.

Therefore, even if you do not smoke tobacco, insurance companies still see you as a higher risk, especially since chewing tobacco is harder to quit.

Not all life insurance companies consider tobacco smokers to be the same as smokers.

Be sure to research different providers to see who offers lower prices and check their premiums for smokers and tobacco users.

Cigars

Even if you only smoke cigars sometimes, they still contain tobacco. This means that insurance providers include them when they ask you if you smoke.

Many people smoke cigars differently than they would smoke a cigarette. Instead of inhaling the smoke completely, they inhale the smoke into their mouths and then exhale to avoid inhaling it.

However, this means that your lips, teeth, tongue and the entire area of ​​the mouth are still exposed to tobacco, leading to health risks such as oral cancer.

Whether you smoke small cigars or cigarillos, it does not matter to the insurance companies.

Your supplier sees that you are at risk of cancer, lung disease, heart disease and other problems that come with smoking tobacco in any capacity.

Nicotine chewing gum / patch

It may seem like wearing a nicotine patch or chewing nicotine chewing gum would put you in a better position with insurance companies, but it's the other way around.

When your supplier sees a patch or chewing gum, they may see that you are trying to quit, but they will also know that stains and chewing gum still contain nicotine.

Because nicotine still enters your body, you still have health risks such as heart disease even though you do not smoke or chew I t. Insurance companies can then increase your premiums on this basis.

At the same time, not all insurance companies equate nicotine patches and chewing gum with smoking tobacco.

Make sure you research different suppliers to understand their tobacco consumption rate, as you may find some with milder guidelines for the use of nicotine gum and patches.

Vaping and e-cigarettes

As with chewing tobacco and nicotine patches, prices vary for people who carry weapons and use e-cigarettes between life insurance companies. 19659031] Because vaping poses a lower health risk than cigarette smoking, many insurance companies classify it separately.

However, this difference does not necessarily mean that you qualify as a non-smoker or that you will become permanent.

For example, Prudential previously classified as a non-smoker. They have recently changed that designation to include people who vaporize and use e-cigarettes as smokers, in the light of information showing health conditions linked to vaping.

Marijuana Smokers

If you smoke marijuana, you should do a lot of research when you want to buy life insurance. Marijuana does not carry the same health risks as tobacco.

However, some insurance companies still increase their premiums, especially for leisure users.

Other companies allow non-smoking coverage if you use medical marijuana. Before committing to a policy, understand the supplier's rules for smoking classifications. You may be able to get better coverage and prices elsewhere.

Best Life Insurance Rates for Smokers

The best life insurance for smokers depends on your smoking habits. Almost all insurance companies will raise your rates if you are a smoker, but not all of them will raise them as much or based on the same factors.

Northwestern Mutual offers some of the best prices for smokers, along with Banner and TransAmerica.

Prudential may have increased its premiums for vapers, but you can get a lower tax rate if you chew tobacco or use a nicotine patch, as opposed to smoking.

If you are planning to quit smoking, or if you are currently trying to quit, you may want to consider other options. Most life insurance companies classify you as a non-smoker if you have not smoked in the last 12 to 24 months.

You may want to wait to buy your insurance, but this is not always an option, and some insurance companies offer other solutions.

If you need life insurance now, short-term life insurance for smokers offers coverage without a commitment to pay the same premiums for the next twenty years.

Some companies also offer reconsideration of the health class. If you quit smoking, you can in these cases qualify as a non-smoker if you quit at least one year earlier.

Not all insurance companies offer these options. Before buying a policy, ask your supplier about their smoking rules. That way, you can prepare and understand if your premiums will be adjusted based on your smoking status.

Test No Degree Life Insurance For Smokers

When you need life insurance immediately, consider not testing life insurance for smokers. This type of life insurance may not offer you the same coverage that you would get with an exam, but you have this option if you cannot get coverage with an exam.

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Life insurance without a degree usually offers a smaller death benefit, but you can get both full and life insurance for smokers. You will probably pay more for no degree insurance, because your provider can not confirm your health status through tests.

With life insurance without a degree, you get coverage faster than if you buy an insurance that requires an examination.Your supplier does not have to wait for your exam results, and ä Even if they will still ask questions about your health, they can process your application faster.

No degree life insurance does not guarantee coverage approval, as certain knockout conditions may still prevent you from getting a policy. If smoking turns out to be your main obstacle to getting coverage with an exam, you can get better coverage this way.

Do not lie on your application for smoking

Whether you choose life insurance without a degree or take an examination required by the insurance company and lying about smoking on life insurance does not work to your advantage.

A medical examination shows nicotine and other chemicals related to smoking through blood tests. Although you may think that you can stop smoking for a period before you apply and do your examination, nicotine can linger in your body for several months. If you lie about smoking, assume that your life insurance provider will find out at some point.

In addition, even though you may be hiding your smoking status, your insurance company may find out that you smoked after your death. This information may mean that your beneficiaries do not receive a death benefit and leave it to cover your earned expenses out of pocket, even if you have spent years paying premiums.

Life insurance easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Indefinite, expert advice.

Get impartial insurance training from licensed experts and also avoid dubious sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

Does smoking make a life insurance?

Although smoking does not invalidate your life insurance policy, it can complicate matters for you or your beneficiaries. You may have bought your non-smoking policy and started smoking later, which is not the same as lying about your application.

In this case, you provided truthful information and may not smoke long enough long-lasting health risks from smoking affect you. At the same time, when you started smoking, it can affect your life insurance and premiums.

If you start smoking during the competition period – usually one year after an insurance company has approved your application – the company can examine your insurance. This survey can lead to increased prices, including changes in your coverage.

If you die of smoking-related causes when you have a non-smoking policy, your insurance company may suspect fraud. The company can then deny full or partial death benefit, especially if they find evidence of long-term smoking.

The term between full and life insurance for smokers is also important here. Your insurance does not end with the entire life insurance and you are covered as long as you pay your premiums. However, if you started smoking after purchasing your original insurance, you will need to renew or purchase a new insurance as a smoker.

This new insurance will cost more, as you will fall under a new insurance. designation. You will also get older, which will further increase your premiums.

How long after you quit are you considered a non-tobacco user?

Most insurance companies require you to quit smoking at least 12 months before applying for life insurance to be considered a non-tobacco user. This includes quitting chewing tobacco and not wearing nicotine patches or using nicotine gum.

Your test results must show a complete absence of nicotine in your body in order for your insurance company to consider you a non-smoker. It can take several months for nicotine to leave the body, so even if you have stopped smoking for six months, it may not be long enough.

Some insurance companies have stricter rules for smoking. They may require you to stop smoking at least 24 months before applying for life insurance. Others, such as John Hancock Life Insurance, may offer you a discount if you plan to quit and make progress toward your goal.

Even if you consider yourself a temporary smoker, life insurance companies may not. Some allow you to qualify as a non-smoker if you smoke less than one cigarette or cigar per month. Others classify you as a tobacco user if you smoke at all.

How about life insurance for former smokers?

If you have not smoked for more than a year, you may be eligible for a lower life insurance premium. Life insurance for ex-smokers may cost slightly more than it would for a non-smoker, but your rates will be significantly lower than previous smokers.

For example, premiums for a 35-year-old former smoker who buys a $ 500,000 ten-year policy may cost about $ 40 less per month than a current smoker's policy. For a 30-year insurance policy, it can mean a difference of $ 100 per month.

If you are a former smoker who has not smoked for over 12 months when you apply for coverage, you mean a lower risk for insurance companies. and companies are more likely to offer you lower premiums despite your previous tobacco use.

Taking action

As a smoker, you risk higher premiums due to the potential health problems that come with smoking.

Even if it does not mean you can not get life insurance, it does mean that you should weigh your options and research companies that offer life insurance for smokers.

If you have questions about life insurance coverage, you can get as a smoker or which companies offer the best prices, feel free to ask in the comments below.


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