Can smokers get a term life insurance policy?
Yes, people who smoke may qualify for term life insurance coverage.
With term life plans you can choose your term (duration) of coverage from 10, 15, 20 or 30 years. With level term life insurance your premiums are level each year for the term of your policy, while the amount of your life insurance coverage stays the same each year.
Smokers will pay a higher rate for their life insurance compared to non-smokers because smoking can lead to health problems, such as, emphysema, lung cancer and COPD, among other health issues which may shorten your life.
However, many life insurance carriers now have several different rating categories for smokers based on the type and amount of smoking, as well as, how much often you smoke. By placing you in the proper rating category based on your answers to the questions on the life insurance quote request form, you will get the most accurate rate for your life insurance coverage, allowing you to pay less for your policy compared to other smokers who smoke more often.
Here's more tips on finding an affordable
smoker term life insurance policy
