II’ll bet that you didnt know that Smokers Life Insurance rates can still be affordable you just have to know who to speak to and which carrier to shop.Life Insurance actuaries could rate up the premium by 50% if you are a smoker or tobacco user in some respect. 

Lets break this down real simple like because smokers deserve the best term life insurance rates just like everyone else:

The life insurance underwriters will want to know that you have not used any tobacco for over one year for you to get the Non Tobacco rates.  That would typically be a Standard or Standard Plus Non Tobacco rating.  If you have quit for two years up to three years then you may qualify for Preferred Rates.If you can stick it out for five years of no cigarettes you will be rewarded with the very best rates that is if you qualify medically.  That is if you qualify per the carriers guidelines on all there other health categories.

Smokers Life Insurance possible rate classes below

No cigarettes or tobacco 5 years or more: Possible Best Quote
No tobacco of any kind 3 plus years equals: Possible Preferred Quote
No tobacco or cigarettes for overr two plus years: Possible Preferred or Stadard Plus Class
No cigarettes or tobacco 1 year or more: Possible Standard Rate Class

What this means to you is simply how much you are going to pay for your life insurance premiums, plain and simple.  Now if you still smoke well then you will simply have to qualify as a Smoker.  Those rates will be higher there is nothing you can do about that but bit the bullet.  Ask yourself if the smoking is worth it while you are paying higher premiums.My goal is not to deride you for smoking, I in fact chew tobacoo on occasion so dont get defensive here.All I want to happen here is for you to be able to get the best and lowest cost life insurance, period. 

Here is the good news, life insurance prices are especially term life are cheaper than they have been in years due to modern medicine extending mortality and the carriers competing with each and running a more efficient company.  So we all know how much everyone hates to pay insurance premiums but this is the one insurance the once you have it in force gives you a sense of (hard to explain) calmness?You will sleep a lot better at night knowing that you have this coverage in force for you and your family.

One of the first steps you should really do is go speak to a really experienced Life Insurance professional.You need to make sure they can represent multiple carriers!Your agent really should be appointed and ready to write business with a number of the top life carriers if not find another agent.  Ask them if they work with a BGA (Brokerage General Agency) that has a multi-carrier platform.  Now your agent might look at you kind of weird at this point and they will definelty know you have done your homework.Youre best option is to obtain a number of different quotes for multiple life companies!

When it comes to Term Life Insurance premiums a lot of the time how much does it cost you will drive the decision on the carrier.  Buy as much as you need and can afford and come on trash the cig’s there going to kill you!

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