Term Life Insurance Articles
How Much More Do Smokers Pay For Term Life Insurance Policies
2010-03-13
Life insurance is vitally important to everyone living in the United States these days because of all the risks one takes during any given day. Anything can happen when going to work, to school, to the store, or on vacation; which means that you should be protected in the event that a problem arises. Term life insurance policies help people have a peace of mind knowing that their family is protected and taken care of in the event of a death. All term life insurance policies are not the same and are designed differently for each individual who applies, which means that each policy written by an insurance company will have varying costs.
Term life insurance for smokers is more expensive than for non-smoking people. Many wonder why this is so. One reason why smokers have to pay more for their term life insurance quote is that science and medical professionals have found that those who smoke are prone to die at a younger age than non-smokers. This causes life insurance companies to charge a higher premium for smokers after their physical is completed because they pose a health risk. Just because a term life policy will cost more for smokers, it does not mean that smokers should spend an arm and a leg on that policy.
The best way to make sure that the insurance policy does not cost too much more than a non-smoker's policy is to quit smoking. Quitting smoking is easier said than done, but it can and has been done by thousands of people across the country. Also know that an overweight smoker will have a higher life insurance premium than a smoker who is at normal body weight. Along the same lines, a smoker who purchases a life insurance policy at the age of 30 will pay much less than a smoker who purchases their policy when they hit the age of 50 because they are closing in on 60, which is a median age for the death of smokers.
Some smokers will have to pay 150 percent more than non-smokers who apply for a life insurance policy. This calculates to be approximately $1,300 or $1,400 more than a non-smoker per year for a 20 year policy. A non-smoker can typically acquire a life insurance premium for $1,100 per year, which means that smokers will be paying approximately $2,500 per year for life insurance. An insurance company will qualify you as a smoker if you admit to using a tobacco product within the previous twelve months of applying for the policy. Do not lie on your application form because you will need to take a physical.
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Life insurance is vitally important to everyone living in the United States these days because of all the risks one takes during any given day. Anything can happen when going to work, to school, to the store, or on vacation; which means that you should be protected in the event that a problem arises. Term life insurance policies help people have a peace of mind knowing that their family is protected and taken care of in the event of a death. All term life insurance policies are not the same and are designed differently for each individual who applies, which means that each policy written by an insurance company will have varying costs.
Term life insurance for smokers is more expensive than for non-smoking people. Many wonder why this is so. One reason why smokers have to pay more for their term life insurance quote is that science and medical professionals have found that those who smoke are prone to die at a younger age than non-smokers. This causes life insurance companies to charge a higher premium for smokers after their physical is completed because they pose a health risk. Just because a term life policy will cost more for smokers, it does not mean that smokers should spend an arm and a leg on that policy.
The best way to make sure that the insurance policy does not cost too much more than a non-smoker's policy is to quit smoking. Quitting smoking is easier said than done, but it can and has been done by thousands of people across the country. Also know that an overweight smoker will have a higher life insurance premium than a smoker who is at normal body weight. Along the same lines, a smoker who purchases a life insurance policy at the age of 30 will pay much less than a smoker who purchases their policy when they hit the age of 50 because they are closing in on 60, which is a median age for the death of smokers.
Some smokers will have to pay 150 percent more than non-smokers who apply for a life insurance policy. This calculates to be approximately $1,300 or $1,400 more than a non-smoker per year for a 20 year policy. A non-smoker can typically acquire a life insurance premium for $1,100 per year, which means that smokers will be paying approximately $2,500 per year for life insurance. An insurance company will qualify you as a smoker if you admit to using a tobacco product within the previous twelve months of applying for the policy. Do not lie on your application form because you will need to take a physical.
