When applying for life insurance, there are many different criteria that the insurance carrier will base the price of your coverage on. Certainly, the age and health of the applicant are key factors in how much you will pay, as is the type of policy that you choose. The amount of death benefit is another primary component.
Yet, in addition to all of these, whether or not you smoke can make a big difference in how much you are charged for life insurance – and in some cases, being a smoker can increase your premium by two or three times that of those who do not smoke at all.
Life insurance is one of the most important purchases that you’ll ever make for your loved ones. It’s one of the few ways that you can ensure that your family has the money that they need, regardless of what happens to you. This article is going to look at the different ways that you can get life insurance coverage as a smoker. Continue Reading