Do Smokers Pay More For Life Insurance?

When you apply for life insurance coverage, there are dozens of different factors that the insurance company is going to look at. There are going to use several different aspects they will account for to calculate your insurance premiums and your chances of getting coverage.

Some of the biggest factors that are going to impact your life insurance policy are your age, your overall health, and any tobacco usage. If you’re looking to get the most affordable life insurance coverage for you and your family, there are several things that you should know before applying.

Cigarette smoking can present obstacles to finding quality, affordable life insurance coverage.  At the same time, a tobacco habit creates an increased motivation to secure a life insurance policy to protect your family. Many want to know, do smokers pay more for life insurance?

Taking care of your family is your number one priority and you want to have the peace of mind that, should anything happen to you, your family’s financial security will be assured.

The facts of cigarette smoking are not encourdo smokers pay more for life insurance?aging, but the prospect of obtaining a quality, affordable life insurance policy as a smoker is much more reassuring. Smoking is only one of many risk factors considered by life insurance companies when deciding a client’s premium and by no means  puts appropriate life insurance coverage out of reach of most smokers.

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  • Give us call at 1-800-712-8519!
  • Leave us a message on our contact page to get a custom quote!
  • Use the free term quoter on the left side of this page!

 <<< Get Your Free Instant Life Insurance Quote To The Left On This Page.

We know what companies are nice to smokers.  By shopping around with several life insurance companies, easily done at Olgetree Financial Services, smokers can find an affordable solution to guaranteeing the future of their family’s financial security.

Every insurance company is different, which means all of them are going to view smokers differently. Every company has different medical underwriting, which means that you could receive drastically different rates based on the company. Getting quotes from dozens of companies before you choose a policy is the best way to ensure that you’re getting the lowest insurance rates.

Why Do Smokers Pay More For Life Insurance?

A landmark surgeon general report in 1964 exposed the health risks of cigarette smoking and established a continuing campaign to curb tobacco use and it’s adverse impact on health. This is roughly the span of my life and the public opinion regarding smoking has shifted dramatically in that time.

Fifty years and 31 surgeon general reports on smoking later, the “prevalence of current cigarette smoking among adults has declined from 42% in 1965 to 18% in 2012.”  This is encouraging, but still, the most recent report states that “cigarette smoking causes more than 480,000 deaths each year in the United States. This is nearly one in five deaths.”

The report goes on to say that “more than 10 times as many U.S. citizens have died prematurely from cigarette smoking than have died in all the wars fought by the United States during its history.”

Smokers are more likely than non-smokers to die of stroke, respiratory disease and heart disease, and “cigarette smoking has been causally linked to diseases of nearly all organs of the body.” These facts are mind-boggling and make clear the health risk cigarette smoking inflicts upon U.S. citizens. If you are worried about getting coverage, you can still get affordable life insurance with heart disease so don’t let this stop you from getting the coverage you deserve.

We have reached the point where everyone knows about the health risks of cigarette smoking and other tobacco use, yet 40 million Americans are still saddled with some form of tobacco dependence and thousands of teenagers smoke their first cigarette everyday.

Life insurance companies are thus required to demand higher policy premiums from smokers and other tobacco users. The Health Consequences of Smoking—50 Years of Progress, A Report of the Surgeon General, Executive Summary.

The fact is, smoking cigarettes increases your likelihood of dying. Ever since the initial surgeon general report in 1964, life insurance companies have adjusted their policy premiums for smokers.

The risk of paying the death benefit on a policy for a smoker, as opposed to a similar person who does not smoke cigarettes, is significantly higher. Also, insurance companies generally receive less earnings in premiums from smokers, as they are typically living shorter lives.

This means that the premiums for smokers must be higher, as insurance companies anticipate less revenue to cover more claims, as compared to non-smokers.

In addition to cigarette smokers (and former smokers), those who enjoy cigars, chew tobacco, smoke any type of electronic cigarette, use nicotine patches or gum, or smoke marijuana can expect higher life insurance premiums than if they didn’t have these habits.  Life insurance do test for nicotine, but do life insurance companies test for drugs? If you do smoke marijuana, most companies will still insure you.  Make sure you do your research before applying.  We can help you choose the life insurance company that is marijuana friendly.

<<< Get Your Free Instant Life Insurance Quote To The Left On This Page.

  • Give us call at 1-800-712-8519!
  • Leave us a message on our contact page to get a custom quote!
  • Use the free term quoter on the left side of this page!

Former smokers who now only occasionally smoke a cigarette can count on being classified as a smoker. Even if you smoke less than half a pack a year, in a weak moment at a bar or in times of stress, most insurance companies see you as a risk to continue to smoke and suffer the consequences of your habit. Many of these “part-time smokers” do not even consider themselves to be smokers, but rest assured that insurance companies (and your lungs, I’ll bet) do.

As I said, despite the barriers smoking or other tobacco habits place before you, reaching your life insurance goals is not as daunting a task as it may seem. Inquiring with several insurers can be very important for smokers.

When calculating your premium, insurance companies consider your age, weight, gender, alcohol use, occupation, current health status, and health history in addition to any tobacco habit.

Different insurance companies calculate their policy premiums differently based on these and other risk factors.

Getting The Most Affordable Life Insurance

Just because you’re a smoker, doesn’t mean that your life insurance policy has to break your bank every month. There are several ways that you can help secure lower insurance premiums for your life insurance.

The first thing that you should do is improve your health through a healthy diet and getting regular exercise. Both of these are going to help you lose those extra pounds, lower your cholesterol, lower your blood pressure, and much more. All of these health benefits are going to translate into lower insurance rates and more money in your pockets.

The next thing that you should do is consider quitting smoking, or switching to healthier options, like e-cigs. While they aren’t great for your health, most insurance companies are going to give you better rates if you smoke e-cigs versus smoking traditional cigarettes. If you’ve been looking to make the switch, saving a couple of thousands of dollars should give you the motivation that you need.

The best way to ensure that you’re getting the lowest rates is to work with an independent insurance agent, like ours. Unlike traditional agents, we represent dozens of insurance companies. We can bring all of the lowest insurance rates straight to you.

Getting Started Is Easy!

  • Give us call at 1-800-712-8519!
  • Leave us a message on our contact page to get a custom quote!
  • Use the free term quoter on the left side of this page!

Ogletree Financial Services represents many established, reputable insurance providers. This allows you to study policy options from several highly-regarded insurers in one place, and regardless of your individual life circumstances, this facilitates the process of creating the ideal life insurance plan for you and your family. Don’t just listen to the advice you hear on TV or the Radio from big names such as Dave Ramsey and Suze Orman on Life Insurance, we are here to personally help you and get what is best for your needs and financial situation. Getting started is easy.

Call us at 1-800-712-8519 or use the term quoter on this page to get your free quote. You want peace of mind for your family’s financial future and we can help.

If you have any questions about getting life insurance for smokers or any of the options for life insurance coverage, please contact one of our agents today. We would be happy to answer those questions and ensure that you’re getting the best plan to fit your needs. We have years of experience helping smokers get the best plan at an affordable rate.

You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves. We know that getting the best life insurance policy can be a long and difficult process, especially if you’re a smoker, but our agents are here to help make the process as quick and simple as possible.

If you’ve ever been declined for life insurance or you’ve received expensive monthly premium quotes, don’t assume that you can’t get life insurance. We can give you several options for a plan that’s going to fit your budget and your needs.

About Ogletree Financial Services
About Ogletree Financial Services

As independent life insurance agents, we specialize in finding the best life insurance rates and policies for our clients.  Our customers are located all over the USA.  If you would like a personalized life insurance quote, you can start here on our website or give us a call at 1-800-712-8519.

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