best term life insurance for smokers

Yes, smokers can get life insurance. But , expect to pay more than than a non-smoker. This is because smoking cigarettes is a known health risk and can affect the length of your life. Life expectancy is a key cost factor for insurance companies when they decide on their rates.

If you're looking for motivation to stop sooner rather than later, many insurance companies include a waiting period before you can be classified as a non-smoker. This waiting period is usually at least a year. Once you cross that waiting period, your rates could drop and reach those of a "never-smoker" a few years later.

What happens if you're not honest about your smoking and tobacco use when you apply? Pass away during the contestability period (the year or two after your death), and your insurer finds out you were smoking or using tobacco products. The policy may be void, and your beneficiaries may not receive the death benefit.

It is possible to wonder if stopping smoking cigarettes is a good option as is applying for life insurance. Although this could result in higher rates, delaying purchasing life insurance is not a wise idea.

To be considered a non-smoker for life insurance purposes, providers usually want you to be smoke-free for a year. Even if you quit smoking months ago and don't think the insurance company will be able to detect anything in your system, you should never lie about your smoking habits or when you quit.

If you bought life insurance at a premium that was a smoker and you have resigned for at the very least a year, you might be eligible for an affordable cost. It is possible to ask the life insurance company how the time you have to stop smoking to qualify as an non-smoker.

Certain life insurance policies require a medical check-up. Certain policies such as guarantee issue insurance do not require a medical exam and come with no health-related questions. The rates are based on your gender, age and the coverage amount.

Yes, you can purchase life insurance even when you smoke cigarettes, chew tobacco or vape. If you're worried that there's no life insurance options available, do not be discouraged. Because of this life insurance can be more costly, but there are still options. If you decide to quit, you'll have more options , and possibly lower rates over time.

Smoking cigarettes among adults is at a record low of just 14% in the latest report of the surgeon general. But , 16 million Americans suffer from smoking-related diseases. It's not necessary to suffer from the health effects of having to pay more expensive life insurance rates. Smoking cigarettes will generally lead to higher premiums when purchasing life insurance.