Why Smokers Pay More for Term Life Insurance
When applying for term life insurance, one of the biggest factors affecting your premium is whether or not you smoke. Insurance companies view smoking as a major health risk, increasing the likelihood of claims during your policy’s term. As a result, smokers can expect to pay significantly higher premiums compared to non-smokers—sometimes double or more for the same coverage.
How Insurers Define Smoking
It’s important to know that insurers have strict definitions of what counts as a “smoker.” Most companies consider cigarettes, cigars, pipes, and even nicotine patches or vaping in their assessment. Some policies may ask about any tobacco or nicotine use in the past 12 months. Being honest on your application is crucial, as misrepresenting your habits can cause your policy to be voided later on.
Can You Lower Your Rates If You Quit?
If you quit smoking, you may be eligible for non-smoker rates after a certain period—usually 12 to 24 months, depending on the insurer. You’ll need to demonstrate you’ve remained tobacco-free, sometimes with a medical exam or urine test. This can lead to substantial savings over the life of your policy. For more tips on how to secure affordable coverage, check out our guide to term life insurance savings.
Finding the Right Policy as a Smoker
Even as a smoker, you can still find quality term life insurance that fits your budget. Comparing quotes from multiple insurers is a smart move—some are more lenient with occasional or former smokers. To explore your options and get expert advice, visit TermLifePlans.com and see how you can protect your loved ones, regardless of your smoking history.