If you smoke or use tobacco often, you already know how hard it can be to get term life insurance. You may have been disappointed by the high term life insurance premiums you were given because you smoke. Since the insurance industry is always trying to fill "specialty" niches, some term life insurance companies have recently decided to offer smokers and tobacco users low-cost term life insurance.
If you smoke or use nicotine, you can now get rates that are cheaper for 10, 15, 20, or 30 year terms. As long as your health is good and you don't weigh too much, you can buy $250,000 worth of coverage for about $40 per month over a 10 year period.
Finding the Right Company for Term Life Insurance
Aside from the fact that using tobacco in any way sets you apart from people who don't, it's important to know that many insurance companies don't even care how or how often you use tobacco. For example, if you occasionally chew tobacco, you are in the same group as someone who smokes several packs of cigarettes every day.
Even though this may seem unfair, there are some term life insurance plans that make a difference between the types of tobacco used and how often they are used. The best thing to do is to find out which insurance companies have rates that are based on each person. Term life insurance rates depend on whether you smoke cigarettes, cigars, chewing tobacco, pipes, smokeless tobacco, nicotine gum, marijuana, or a nicotine patch (if you smoke marijuana, you must also disclose that you use drugs on your application form). The companies that offer term life insurance also look at how often you use the products listed above. If you only smoke cigars once in a while, you will get a lower rate than someone who smokes cigarettes all the time. Visit http://www.equote.com/life-insurance/term-life-insurance.html to learn more about term life insurance.
If you smoke or use tobacco and want to get a low-cost term life insurance policy, you should look into companies and their policies for tobacco users. The fastest way to find out which companies cater to smokers and tobacco users is to shop online. A lot of companies will give you a quote for term life insurance right away when you go online. You just need to fill out a short form, and you'll get an estimate of your premium in minutes. These online quotes are anonymous, and you don't have to do anything with them. To get a term life insurance quote visit http://www.equote.com/life-insurance/term-life-insurance-quote.html.
With a little research, smokers and people who use tobacco can now afford to protect their families at lower rates for term life insurance. Your lifestyle does not have to be a strike against you any longer and you will be able to give your family the peace of mind knowing that they are financially protected should you pass away unexpectedly.
