Yes, smokers' life insurance is usually more costly than nonsmokers. In fact smoking is such an unhealthy tendency that smokers should be conscious that some insurance companies might reject them entirely. Smoking has been a fear for many years, with educative and persuasive techniques employed to encourage the public to quit.
Last year's public smoking ban this is another area in which smokers are being purposely targeted. Premiums for non-smokers have gradually fallen in the last few years while those for smokers have risen sharply, some estimates maintain that smoking policy holders are paying up to 100% more than their non-smoking counterparts.
Smokers face more penalties in certain aspects than non-smokers face other then their health. The likely hood that they will pay elevated insurance premiums happens to be another one. Every now and then an insurance policy for one who smokes can cost twice the amount as someone who does not smoke.
All term life insurance companies but a small number of will offer smoker rates regardless if you smoke cigarettes, cigars, chew tobacco, or Nicorette gum etc. The few term life insurance companies that will offer non-smoker rates to alternate tobacco users other than cigarettes can save you 50%-100% in cost. Some are insistent to the extent where Preferred Plus and Preferred non-smoker rates are available as long as you medically quality.
If you smoke raw tobacco however not cigarettes, there are some companies that will give you a smokers quote. Nonetheless do not worry too much about cost because there is still a few companies available that concentrate on cigarette and tobacco smokers.
Just because you smoke or use tobacco does not mean life insurance is not reasonably priced. Typically, when you are applying for life insurance, the agent or application will ask about your smoking habits, and inquire you if you are or have smoked in the previous 12-72 months. Usually you will be asked if you have used tobacco products, including cigarettes, cigars, dip, snuff and chewing tobacco during this time period.
If you enjoy a good cigar on occasion or smoke just two cigarettes year, you are a smoker by insurance standards, even though the nicotine traces won't show up in your required urine test. For that reason, smokers'life insurance is a very competitive business these days. Consumers have more information than they used to with TV ads and Internet life insurance company websites. You have choices, and because of this, a little competitive shopper can help you find the best existing rates for your situation.
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