Those who are long-term users of chewing tobacco are nearly 50 percent more likely to develop oral cancer than those who do not use.
In addition, just one can of snuff has as must nicotine as approximately 60 cigarettes.
With these facts in mind, some life insurance companies charge those who chew tobacco double the rates of non-smokers for a comparable life policy.
That being said, however, there are also other cases where those who use chewing tobacco and/or snuff could actually be able to find life insurance companies that will offer them non-smoker rates.
When this is the case, the premium amount that you pay can be quite a bit lower than the rates that are offered to smokers.
Over several years time, the difference in premium amount can really add up. Therefore, it pays to compare.
Chewing Tobacco and Life Insurance Rates
After you contact the insurance company to get life insurance, there are several steps you’re going to complete before you get an accurate idea of how much you’ll pay.
The first thing is the insurance company will call you with a long list of questions.
These questions will be everything from basic, “how old are you?”, “male or female?”, “Does your family have a history of heart disease?”, etc. They are going to ask you about your chewing tobacco usage.
They are going to ask how much tobacco you chew, how often, and how long. These questions will change how much you pay for coverage and how the insurance company views your application.
In most cases, if you are relatively young and you do not chew tobacco on a frequent basis, then there is a good chance that you will receive a good rating on your policy.
On the other hand, if you are a heavy user, you’re going to be spending a lot more for your coverage.
If You Quit, Will Your Life Insurance Rates Go Down?
Oftentimes, policyholders wonder if they quit chewing tobacco, will their premium rates go down. In some cases, this could happen.
However, typically, you would need to be tobacco-free for a minimum of one year before you would be able to qualify for lower premium rates.
The life insurance company may re-issue your policy. This could even require that you undergo another medical examination in order to confirm that you are, in fact, free of nicotine. (This will show up in a blood test).
There are some insurance companies that actually require individuals to be tobacco-free for three years before they will offer non-smoker rates to those who quit smoking or quit chewing tobacco.
If your insurance company gave you smokers rates, quitting tobacco can change your plan completely. It’s going to cut your premiums in half. Think about what you can do with all the extra money.
How to Obtain Life Insurance While Using Chewing Tobacco
It does pay to shop around and compare companies before making a life insurance purchase. This way, you can get a true feel for the wide variety of rates that are available to you.
If you start searching for life insurance companies, you’ll quickly find hundreds of companies. There is no shortage of carriers. But you shouldn’t just pick a company at random. You need a carrier which has perfected insurance for people who use chewing tobacco.
Not every company treats chewing tobacco users as smokers. Some are better plans and options. How do you find those companies?
Sure, you can do the calling around. You’ll answer the same questions and spend a lot of time on hold.
The other option is to make ONE phone call. That phone call should be to use. We aren’t employees of one specific company. We have built relationships with dozens of carriers and can connect you to those plans. Because we don’t work with one single company, we aren’t going to try and sell you a more expensive policy.
Go ahead and call us today. There is no reason to wait any longer.