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How Do Life Insurance Companies Know If You Smoke?

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.

Smoker versus Non-Smoker Life Insurance Premium Rates

life insurance and smokingStudies have shown throughout the years that regardless of whether you are male or female, young or old, being a smoker can have a big impact on the amount of premium that you will pay for your life insurance coverage. In fact, even the youngest of life insurance purchasers can expect to pay roughly double the amount of premium for coverage than that of a non-smoker – and, those who are older – in the age 55 to age 60 range – may even pay between four and five times more than a non-smoker for the same amount of coverage.

How to Lower the Price You Pay for Life Insurance

If you are a current smoker, there is a way to lower the price that you pay for life insurance coverage. However, it could require that you stop smoking – and that you do so for at least 5 years or more.

In most cases, those who have stopped smoking for only one year or less are still considered to be smokers. Once you have stopped smoking for two years, you will begin to see a slight break in your premium amount. However, those who have stopped smoking for between three and five years will really start to see the biggest break in the price of their life insurance premium amounts.

There are several other ways that you can lower your insurance rates. One of the best ways to do that is to improve your overall health. Another part of the medical exam is to determine what your overall health is. They are going to look at your weight, blood pressure, and much more. All of these factors are going to be used to calculate how much risk you are to accept for coverage. The worse that your health is, the more that you’re going to pay for your life insurance. If you want to save money, you’ll need to improve your health through diet and exercise. Both of these can help you lose weight and lower your chances of being diagnosed with any serious health problems.

How Do Life Insurance Companies Know If You Smoke?

In some cases, applicants have tried to state that they are a non-smoker on their application for coverage in hopes of obtaining non-smoker rates. This, however, does not often work in their favor as life insurers will typically be able to tell whether or not you truly are a smoker.

How does the insurance company know this? In most cases, traditionally underwritten life insurance policies will require a medical examination. As a part of this medical exam, an applicant provides a blood and urine sample, as well as a sample of saliva.

These samples are tested for nicotine – among other things – that could deem the applicant a high risk for the insurer to take on in terms of filing a claim. If so, the insurance company will be able to either deny the applicant for coverage, or to price the policy accordingly in order to compensate for the higher amount of risk.

In other cases, the insurance company might require some other tests, like a saliva test. That will also show any nicotine in your system. If there are any traces of nicotine in your saliva, then you’re going to get smoker’s rates.

What Happens If You Lie On Your Life Insurance Application?

As an applicant, if you lie on your application for coverage, stating that you are a non-smoker when you really are, there can be some negative consequences down the road. For example, if an insured dies within two years of the application being approved, the life insurance company can refuse to pay out the death claim to the beneficiary. This can oftentimes mean devastating financial circumstances going forward for the loved ones of the insured.

Other scenarios could also include the insured being required to pay back the difference in premium paid and / or have the life insurance policy rescinded and having the policy premiums returned.

Where to Find the Best Smoker’s Rates on Life Insurance Coverage

If you are seeking the best smoker’s rates on life insurance coverage, it is always a good idea to work with a company that has access to more than just one insurer. That way, you will be able to directly compare several different policies, insurance carriers, and premiums in order to determine which one will work the best for you and your specific needs.

When you are ready to move forward and shop for a life insurance policy, we can help. We work with many of the top rated life insurance policies in the industry today, and we can get you all of the information that you need on benefits, policies, and premiums quickly and conveniently, directly from your computer, and without ever needing to meet in person with a life insurance agent. When you are ready to start your shopping, all you have to do is just simply use the form on this page.

Unlike traditional insurance agencies, we are a group of independent insurance agents. Unlike traditional agents, we work with dozens and dozens of the best companies on the market. That means that we can bring a personalized set of quotes directly to you. Working with one of our independent insurance agents can save you both time and money on your life insurance.
Additionally, there are several ways that you can secure better rates for your life insurance coverage. Making a few simple lifestyle changes can save you thousands of dollars every year on your life insurance protection.

The first thing that you should do is improve your overall health. When you apply for life insurance protection, the insurance company is going to require that you take a medical exam. The results of the medical exam are going to play an important role in how much you pay every month. If you want to save money, it’s important that you’re in the best shape possible. As a smoker, you already had one red flag on your application, which means that it’s important that you improve every other area of your health.

The two best ways that you can do this are by getting regular exercise and by making healthy dietary choices. Both of these can help you lose weight, lower your blood pressure, and much more. All of these are going to translate into much lower insurance rates. Hitting the gym is a great way to save money on your life insurance coverage. In fact, if you’re overweight and a smoker, you’re going to pay drastically higher rates. Losing weight can help you save as much as 50% on your life insurance coverage.

If you have any questions at all regarding life insurance policies, or about determining smokers versus non-smoker’s rates, please feel free to contact us directly, toll-free, at 888-229-7522. We can help to get you the protection that you need to cover those that you love. So contact us today.

Our independent insurance agents have years of experience working with smokers looking for life insurance coverage. We know that it’s not easy to find life insurance as a smoker. That’s why we are here to help. It’s our mission to ensure that you’re getting the best rates possible.

We know that nobody wants to think about his or her death, but it’s vital that you plan for the worst. If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be left with a massive amount of debt and other final expenses.

You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance coverage that your family deserves. Contact us today and we can get the process started immediately.

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