Smokers and Life Insurance

By: Jason Cunningham

    Most smokers are not happy with the premiums they pay for life insurance. Smoker rates are definitely higher than non-smokers. While many smokers just pay the premiums, year after year, there is something you can do to lower your premiums.

    Smokers seem to pay more for life insurance than non-smokers. We will not discuss whether is it fair, however it is a fact. These rates have angered many smokers. Some of them  may have decided not to keep a policy of themselves, but we do not recommend this.

    Smokers do have options that can actually lower their premiums. After one year of non-smoking, you can take a test through your insurance company and if no nicotine shows up in your system, congratulations you may now be received as a non-smoker at attained age. Some policies without a preferred smoker designation, may allow you to be a preferred non-smoker after five years of being clean.

    There is no need to despair as a smoker. By quitting, you can save extra money in your pocket and invest it elsewhere. It is decision that you must make for yourself.