Where do i get life insurance. What Is The Best Life Insurance For Smokers? - Rootfin

For smokers, term life insurance is going to be expensive. So it’s very important that you find the lowest cost life insurance for smokers on the market. Best term life rates.

Choosing the right company can save you hundreds or even thousands of dollars every year.

The first step of finding affordable term life insurance rates as a smoker is using an independent life insurance agency who has access to all the top life insurance carriers on the market. After evaluating your health, we can look at ANY company’s rates to see who will offer you the lowest rates as a smoker.

A few important things to know that can mean the difference in saving $1000’s of dollars:

Occasional Smokers CAN Get Non-Smoker Rates!

If you’re a “social smoker” and smoke only 1-2 times per month, you can get Preferred Best (1x max per month) or Preferred (2x max per month) NON-SMOKER rates. You must test negative for nicotine in your system to qualify for these rates and there’s only 1 company that offers these non-smoker rates to occasional smokers.

Please call us and we’ll provide you with quotes for this company. Please note, if you were given “Smoker” rates from a previous life insurance application and want to re-test for the “Non-Smoker” classification, this non-smoker offer won’t apply.

Smokeless Tobacco Users can get Non-Smoker rates! If you use any form of smokeless tobacco like dip, chew or use a nicotine patch or nicotine gum – you DO NOT have to pay smoker rates. You can obtain non-smoker rates with several carriers. The key is choosing the right life insurance company. We wrote a more detailed article about this here. Or you can call us and we’ll provide you with rates.

Cigar Smokers DO NOT Have To Pay Smoker Rates!

If you only smoke cigars, you don’t have to pay the expensive “Smoker” rates as long as you use the right company. Again there are a few companies that will give non-smoker rates to cigar smokers. We provide the details and go in-depth for qualifying for these non-smoker rates here.

Marijuana Smokers DO NOT Have To Pay Smoker Rates!

Apply for life insurance policy online

If you’re an occasional marijuana user or have a prescription to smoke marijuana, you don’t have to pay smoker rates with certain companies. Most companies will give you smoker rates and sometimes a lower health classification, but if you use the right life insurance company, you can get around that.

Maybe you have other health conditions such as someone searching for life insurance for overweight people. We can answer your questions and help you get the coverage you deserve.

I Smoke Cigarettes, How Do I Get A Life Insurance Policy I Can Afford?

If you don’t fall into any of the above categories and have smoked cigarettes within the past year, finding the best term life insurance rates for smokers comes down to searching the ENTIRE life insurance market.

People always contact us asking for a specific company because they “heard Transamerica was the best life insurance company for smokers”. I’ll show you below, that there isn’t one best life insurance company for smokers. It changes with every risk to the life insurance company.

For example, a 40 year male old looking at $250,000 of coverage for 20 years at preferred rates can expect these rates:

Banner Life Insurance $67.38/monthly

Transamerica $66.38/monthly

ING Reliastar $70.26/monthly

So you see Banner Life, Transamerica, and ING as the best life insurance companies for this situation. However this isn’t the same for everyone. Let’s try a different scenario.

Critical illness insurance

Here are life insurance rates for a 50 year old male for $250,000 of coverage for 15 years at standard rates:

Banner Life Insurance $169.75

SBLI $173.57

American General $175.35

Notice that Banner Life Insurance has the best rates followed by 2 companies we didn’t see in the top results before: Savings Bank Life Insurance and American General.

The reason I’m showing you these results is to illustrate the fact that there isn’t a “best” term life insurance company for smokers. It all depends on your age, coverage amount, term length, health situation, state of residence and many other factors.

It’s impossible applicants to get cheap life insurance rates themselves. There are so many factors involved. Life insurance for smokers combined with any other health or lifestyle factors will take a very experienced agent to make sure you receive the best rates.

Our suggestion is to leave it up to an experienced and independent life insurance agent who has access to every top rated carrier on the market. Unlike a traditional insurance agent, we aren’t contracted with one carrier. We have the ability to sell you a plan from over 60 companies. Every company offers various smokers rates (as you can tell from the quotes above), meaning you can save hundreds of dollars simply by comparing those carriers.

Aside from working with an independent insurance agent, let’s look at some of the ways you can grab the cheapest plan. You’re going to have to take a medical exam, unless you choose to purchase a no medical exam life insurance policy. Getting better results from this exam are going to mean lower insurance rates for your coverage.

Improving your health is going to lower your insurance rates. There is nothing wrong with enjoying your favorite foods, but it’s time that you switch out the junk food for healthier options. Having a healthier diet is going to help you lose weight, lower your cholesterol, and have a wonderful impact on your overall health, which is going to translate into lower insurance premiums.

Short term car insurance

Maybe you’re concerned because of a health condition such as someone looking for life insurance for diabetics. We can help answer your questions and point you in the right direction.

Next, start getting regular exercise. Consistent exercise is going to help supplement your diet and help shed those extra pounds that you’ve been trying to lose. Additionally, it’s going to work wonders on your life insurance premiums. You don’t have to be a marathon runner, or professional bodybuilder to get lower insurance premiums on your life insurance policy.

If you really want to get the most affordable term life insurance plan, you should quit the smoking once and for all. There are millions of Americans that want to kick the habit once and for all. Maybe the idea of saving thousands of dollars on a life insurance policy (and what you’ll save on not buying cigarettes) is the motivation that you need to kick those cigarettes for good.

One of the biggest determining factors that is going to be used to calculate your insurance rates is how much coverage that you buy. The bigger your plan, the more you pay. If you need a million dollar policy, we can help guide you through this process.

How Much Insurance Should You Buy?

There are several things that you should account for when you’re calculating your insurance needs. The first and most important thing is your debts and final expenses that you would leave behind to your loved ones.

The secondary goal of your life insurance is to give them the resources they need to replace your salary without sacrificing their standard of living. Add your income into your life insurance needs.

At Rootfin, we’re transparent with our recommendations and show you ALL of your options so you know you’ll be receiving the best life insurance for smokers. Give us a call or get an instant life insurance quote by using the form and put us to work for you.

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Posted by at 03:06AM

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