Finding Lower Rates on Smoker Life Insurance

Everyone knows the dangers of smoking. If you are a smoker you can plan on paying more for your smoker life insurance policy. Some life insurance companies will refuse to insure someone who smokes. There has been a lot of money poured into anti-smoking campaigns encouraging anyone who smokes to consider quitting.

Most recently a public smoking ban has targeted smokers. While non-smokers have seen their insurance premiums being lowered, smokers have seen a major increase in prices. Recent estimates show that a smoker will pay up to 100% more for their insurance premiums than non-smokers.

Overall smoking is costly in many ways. There are a number of penalties that insurance companies invoke on people who choose to smoke. The elevated rates for insurance are just one of many problems smokers will face. The cost of an insurance premium for a smoker is usually at least twice as much as a premium for someone who does not smoke.

There are only a few smoker life insurance companies that will offer rates for smokers. Alternate tobacco uses such as chewing tobacco or nicotine gum use may allow a person a non-smoker rate on their insurance. A person will have to medically qualify in order to obtain a lower rate on their smoker life insurance premiums. Each insurance company will have different extents to which their preferred plus and preferred non-smoker rates exist.

If you are a smoker all is not lost. There are a few smoker life insurance companies that have started focusing on insuring smokers for more reasonable rates. This is not to say that your insurance premiums will be cheap, but it is possible to find a quality insurance policy for less. Using the internet to compare quotes from several different companies is the best way to get the most affordable insurance policy.