Best Term Life Insurance for Smokers?

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Term Life Insurance for Smokers

Life insurance is one of the most important decisions that you can make for the future security of your family. It’s the best safety net that you can buy, but finding the perfect plan can be a long and confusing process, especially if you’re a smoker.

For smokers, term life insurance rates are typically more than double the rates on non-smokers.  So it’s very important that you find the lowest cost life insurance for smokers on the market. 

Choosing the right company can save you hundreds or even thousands of dollars every year.

The key in finding the best term life insurance rates as a smoker is using an independent life insurance agency who has access to all the top life insurance carriers on the market.  After evaluating your health, we can look at ANY company’s rates to see who will offer you the lowest rates as a smoker.

A few important things to know that can mean the difference in saving $1000’s of dollars:

Occasional Smokers CAN Get Non-Smoker Rates!

If you’re a “social smoker” and smoke only 1-2 times per month, you can get Preferred Best (1x max per month) or Preferred (2x max per month) NON-SMOKER rates.  You must test negative for nicotine in your system to qualify for these rates and there’s only 1 company that offers these non-smoker rates to occasional smokers. 

Please call us and we’ll provide you with quotes for this company.  Please note, if you were given “Smoker” rates from a previous life insurance application and want to re-test for the “Non-Smoker” classification, this non-smoker offer won’t apply.

Smokeless Tobacco Users can get Non-Smoker rates! If you use any form of smokeless tobacco like dip, chew or use a nicotine patch or nicorette gum – you DO NOT have to pay smoker rates.  You can obtain non-smoker rates with a couple life insurance carriers on the market.  The key is choosing the right life insurance company.  We wrote a more detailed article about this here.  Or you can call us and we’ll provide you with rates.

Cigar Smokers DO NOT Have To Pay Smoker Rates!

If you only smoke cigars, you don’t have to pay the expensive “Smoker” rates as long as you use the right company.  Again there are a few companies that will give non-smoker rates to cigar smokers.  We provide the details and go in depth for qualifying for these non-smoker rates here.

Marijuana Smokers DO NOT Have To Pay Smoker Rates!

If you’re an occasional marijuana user or have a prescription to smoke marijuana, you don’t have to pay smoker rates with certain companies.  Most companies will give you smoker rates and sometimes a lower health classification, but if you use the right life insurance company, you can get around that.

Maybe you have other health conditions such as someone searching for life insurance for overweight people. We can answer your questions and help you get the coverage you deserve.

I Smoke Cigarettes, How Do I Get The Best Life Insurance Rates?

If you don’t fall into any of the above categories and have smoked cigarettes within the past year, finding the best term life insurance rates for smokers comes down to searching the ENTIRE life insurance market. 

People always contact us asking for a specific company because they “heard Transamerica was the best life insurance company for smokers”.  I’ll show you below, that there isn’t one best life insurance company for smokers.  It changes with every risk to the life insurance company.

For example, a 40 year male old looking at $250,000 of coverage for 20 years at preferred rates can expect these rates:

  • Banner Life Insurance    $67.38/monthly
  • Transamerica                 $66.38/monthly
  • ING Reliastar                 $70.26/monthly

So you see Banner Life, Transamerica, and ING as the best life insurance companies for this situation.  However this isn’t the same for everyone.  Lets try a different scenario.

Here are life insurance rates for a 50 year old male for $250,000 of coverage for 15 years at standard rates:

  • Banner Life Insurance  $169.75
  • SBLI                             $173.57
  • American General        $175.35

Notice that Banner Life Insurance has the best rates followed by 2 companies we didn’t see in the top results before: Savings Bank Life Insurance and American General.

The reason I’m showing you these results is to illustrate the fact that there isn’t a “best” term life insurance company for smokers.  It all depends on your age, coverage amount, term length, health situation, state of residence and many other factors.

It’s impossible for consumers to find the best life insurance rates themselves.  There are so many factors involved.  Life insurance for smokers combined with any other health or lifestyle factors will take a very experienced agent to make sure you receive the best rates.

Our suggestion is to leave it up to an experienced and independent life insurance agent who has access to every top rated carrier on the market. Unlike a traditional insurance agent, our independent agents represent dozens of highly rated companies across the nation and can bring all of the lowest insurance rates directly to you. Don’t waste hours and hours calling agents looking to get the best rates, let us do all of the hard work for you. Additionally, our agents can help walk you through the application process and ensure that everything is handled correctly and you get the life insurance protection that your family deserves.

Aside from working with an independent insurance agent, there are several ways that you can secure lower insurance premiums to keep more money in your pockets. After you complete the initial paperwork for the insurance policy, the company is going to require that you take a medical exam before approving you for the insurance policy, unless you choose to purchase a no medical exam life insurance policy, that will come with a higher premium rate. Getting better results from this exam are going to mean lower insurance rates for your coverage.

Maybe you’re concerned because of a health condition such as someone looking for life insurance for diabetics. We can help answer your questions and point you in the right direction.

Improving your health is going to lower your insurance rates, if you want to get the most affordable life insurance policy, it’s vital that you make a few lifestyle changes. The first thing that you should do is start and stick to a healthier diet. If you’re like most people, you enjoy binging out on junk food and going back for a second helping of sweets. There is nothing wrong with enjoying your favorite foods, but it’s time that you switch out the junk food for healthier options. Having a healthier diet is going to help you lose weight, lower your cholesterol, and have a wonderful impact on your overall health, which is going to translate into lower insurance premiums.

The next thing that you should do is start getting regular exercise. Consistent exercise is going to help supplement your diet and help shed those extra pounds that you’ve been trying to lose. Additionally, it’s going to work wonders on your life insurance premiums. You don’t have to be a marathon runner, or professional bodybuilder to get lower insurance premiums on your life insurance policy.

If you really want to get the most affordable term life insurance plan, you should quit the smoking once and for all. There are millions of Americans that want to kick the habit once and for all. Maybe the idea of saving thousands of dollars on a life insurance policy (and what you’ll save on not buying cigarettes) is the motivation that you need to kick those cigarettes for good.

One of the biggest determining factors that is going to be used to calculate your insurance rates is how much coverage that you buy, which means if you want to save money on your policy, you should ensure insurance that you’re getting the right amount of coverage without paying for more than you need. No matter is you’re wanting a $100,000 policy or a million dollar policy, we can help guide you through this process.

There are several things that you should account for when you’re calculating your insurance needs. The first and most important thing is your debts and final expenses that you would leave behind to your loved ones. The primary goal of your life insurance is to give your family members the money that they need to pay off all your bills and not be strapped with a massive amount of debt.

The next factor that you should consider is your paycheck. If you’re one of the main income earners in your household, your family would suffer financially if you were to pass away. The secondary goal of your life insurance is to give them the resources they need to replace your salary without sacrificing their standard of living.

At Rootfin, we’re transparent with our recommendations and show you ALL of your options so you know you’ll be receiving the best life insurance for smokers.  Give us a call or get an instant life insurance quote by filling out the form on the right and put us to work for you.

About Jeff Root

is the owner of He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

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