San Antonio Texas

It has been proven that smoking leads to other major health diseases such as heart problems and lung cancer. Everyone knows that smoking kills and definitely insurers are aware of this. Your life expectancy rate is one of the major factors that help insurers determine your life insurance policy rates. The more you smoke, the shorter you are expected to live thus the more risk you are to most insurers. Risks affecting insurance premiums are based on the insurers’ gathered statistics and studies taken from the general population.

To be frank, life insurance companies want you to live a longer life span for them to collect full premiums for the whole term in the case of term life insurance policy and put off paying death benefit. For whole life insurance, insurers want to collect premiums as long as possible and for this to possibly happen, they offer lower premium rates to those who are expected to live longer. However, everything should come at your advantage. So if you want to get charged a lower life insurance premium, you must quit smoking.

However, insurance market these days is getting crowded that each insurer are competing against the best insurance rates. Consumers are getting more information than they used to have through the ads on television, newspaper and internet. Because of this, consumers have been presented several options to shop for better life insurance deals even for smokers. Keep in mind that those who smoke cigar less often are given better life insurance rates than those who smoke frequently.

To find affordable life insurance for smokers, look for those policies that have lower face value especially whole life insurance policies. These types of policies won’t even bother asking about your smoking habit. Other applicants with health issues may also want to seek this type of policy. Lastly, the quickest way to find for inexpensive life insurance for smokers is to compare rates. The internet has made everything easier especially when it comes to finding the best possible deal of life insurance for smokers.

Ted,

When you look for a cheap term life insurance policy, remember that there are many different life insurance companies out there that offer cheap term life insurance quotes, and because of the number of companies, competition tends to be stiff. In order to increase your chances of finding cheap term life insurance, don’t limit your search to just one or two life insurance companies.
Many life insurance companies provide term life insurance calculators or similar tools to help you determine how much term life insurance coverage you need by looking at factors such as your income and age. Look for the kinds of term life insurance calculators when you are browsing online for the best  cheap term life insurance policy for you and your family, or ask your term life insurance agent about them, or similar tools, the next time you have an appointment to talk with your agent about purchasing cheap term life insurance.
There are various forms of term life insurance available. The main feature of term life insurance is that it offers death protection, protection for a stated time period, referred to as a term.

Great Question

Frank

San Antonio, TX.

Frank,

Term life insurance is widely available on the Internet, from direct-to-consumer life insurance companies and from insurance agents and brokers.

If you want more than a death benefit from your term life insurance policy and like the idea of a long-term savings account (not insured by any federal agency) or stock market investment, you might consider cash value life insurance such as whole life, universal life or variable life. But be prepared to pay much higher premiums per $1,000 of coverage precisely because you are now funding a cash value account and paying fees and expenses.

Great Question.