Q: Can smokers get cheap life Insurance?
A: Insurance companies use individual “lifestyle factors”. Such factors usually include your age, gender, occupation, current health and whether or not you’re a smoker. The latter makes a huge impact on the overall cost of the insurance. So if you are a smoker, who’s considering taking out life insurance, then quitting could potentially save you thousands.
Smoking is a negatively perceived life behavior that can add to the monthly premium costs an insured customer pays for coverage. Discounted life products are much more accessible to non-smokers.
Two smokers might have a huge difference in their term life insurance quotes for a number of reasons. An overweight smoker will pay a lot more than a smoker with a normal weight. Major factors determine your term life insurance quote. A 60-year-old is more likely to die earlier than a 50-year-old.