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Buying Life Insurance While on Chantix

People can decide to purchase life insurance for any number of different reasons. Some may wish to provide funds for their survivors to pay final expenses, while others may want to offer income replacement for their spouse or young children for many years in the future should the unexpected occur. Still others may purchase this important insurance protection if they are business owners and they want their company to transition as seamlessly as possible if or when the time should come.

In any case, it is likely that prior to being able to obtain the life insurance coverage that someone needs, the individual will have to qualify based on health factors – and a big part of that qualification will have to do with various medications that the person is taking. Life insurance coverage – as well as life insurance premium rates – are also determined in large part on whether or not an individual is a smoker.

For many years, it has been touted that smoking is dangerous to one’s health. With that in mind, many current smokers have opted to try and quit the habit. In doing so, some have turned to various medications to help in reducing their cravings for nicotine. One such medication that can help with this is Chantix.

life insurance for chantix users

How Chantix Works to Reduce the Smoking Habit

Chantix is a prescription medication that is often used for helping individuals to quit smoking. This medication is typically taken in oral form. Chantix, also known as Varenicline Tartrate, is used for the treatment of nicotine addiction in that it helps in stimulating nicotine receptors more weakly than nicotine does itself. The drug is often used in conjunction with a stop-smoking program such as support groups, counseling, and a stop smoking program for the user to help the individual with his or her smoking cessation.

In doing so, the drug not only helps to reduce the craving for nicotine, but it also assists in decreasing the potentially pleasurable effects that cigarettes – as well as other types of tobacco products – produce in smokers.

As with many other types of medications, Chantix may produce various side effects in some users. Because of that, it is important that those who use this medication take precautions. These side effects may also cause an effect on some individuals who apply for life insurance coverage – although this is not typically the case.

How Chantix Can Affect Qualification for Life Insurance Coverage

While taking Chantix, the medication can – and often does – have an effect on a person’s qualification for life insurance coverage. In some cases, depending on other overall health factors, the effect can be significant.

If an individual applies for life insurance coverage and they are still a regular smoker, then he or she will still be considered so on their life insurance application. In this case, smokers’ rates can often be two to three times higher than those of non-smokers – all other factors being equal. Because of that, many individuals strive to become non-smokers to lower their rates for this type of coverage in the future.

By quitting smoking for a certain period, an individual may be considered a non-smoker. The exact length of time will depend on the life insurance company. Taking Chantix can help many individuals in stopping the cravings for nicotine – and in turn, the need to smoke.

When considering an applicant for life insurance coverage while taking Chantix, the primary determining factors that are typically considered by the insurance underwriters will include the date of the last cigarette use by the applicant, as well as his or her other overall health factors. In some cases, it is possible for an individual to qualify for a non-tobacco rate class while they are using Chantix, provided that the applicant has not used cigarettes for at least one year.

Typically, in most instances, the best possible outcome for an applicant who is buying life insurance while on Chantix is to obtain a non-tobacco premium rate, while the worst outcome is oftentimes either a preferred tobacco or a standard tobacco rate – provided that all other health related factors are good.

Additional factors that are typically considered when reviewing a life insurance application for coverage will include the following:

  • Age
  • Gender
  • Occupation and Income
  • Marital Status
  • Alcohol Usage
  • Amount of Foreign Travel (if applicable)
  • Overall Health History
  • Family Health History

The underwriters will also oftentimes review other factors, as well, such as whether or not an applicant takes part in dangerous hobbies like hang-gliding or scuba diving, as these can deem an individual as being a higher risk for coverage. Also, any other life insurance that is in force – as well as the amount – will also be reviewed.

It is important to note that when life insurance companies underwrite applicants for coverage, they do not all do so with identical criteria. In other words, even though all carriers have certain factors that they follow when reviewing applications for coverage, one insurer may accept an applicant as a Standard policyholder, charging him or her a regular premium rate, while another insurer may accept the very same applicant only as a Substandard policyholder at an increased premium rate.

There are life insurance companies in the marketplace that will offer non-tobacco rates for those who are using Chantix. It is important that the applicant is free and clear of cigarette usage for at least one full year, though. So, if an individual fits into this category, it is essential to let the insurer know this. In doing so, it is sometimes important to add additional paperwork to the application explaining when you stopped smoking – including the exact date.

Insurers may not always let applicants know up front whether or not they will accept Chantix users – regardless of their smoking situation. With that in mind, it is wise to apply to more than just one insurer when seeking life insurance coverage – and this is especially the case if you have any adverse health condition and if you take any medication that could deem you as a Substandard risk in the eyes of an insurance company. The good news is that this strategy is not as difficult – or as time-consuming – as one may think, provided that you work with a company that can do a lot of the legwork for you.

How and Where to Purchase Life Insurance

If you are buying life insurance while on Chantix, you will definitely want to get quotes from more than carrier. Mainly because they most likely will rate you differently based on your usage of Chantix.

When comparing multiple different insurers, you will be able to review, side-by-side, the differing companies, policies, and benefits. If you should find that you have any questions along the way regarding buying life insurance while on Chantix – or even just about life insurance in general – our experts will be happy to assist you. We can help you in answering questions such as:

  • What type of life insurance is right for you – term, whole life, or universal?
  • How much life insurance coverage will be enough – or possibly even too much – for your financial needs?
  • Which life insurance carrier is the right one for you and your specific situation?

Call us at (888) 229-7522 to have our advisors help you move through the life insurance application process.

We understand that the purchase of life insurance can at times seem overwhelming. There is a lot of information to gather – and making the right decision is important to the long term financial well-being of those you love.


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