Smoker Life Insurance

Here are the top fifteen smoker life insurance companies, according to our analysis of the term4sale.com database. We considered $500,000 of ten and twenty year term life insurance for male and female, standard and preferred-plus underwriting, for ages 25, 35, 45, and 55. We weighted the top fifteen companies in each category and added up the results, which are presented below. Follow these links to see detailed results for male smoker and female smoker.

We have a new number one smoker company for the first time in a while: Cincinnati Life Insurance Company moved to number 1, dropping Ohio National Life Assurance Corporation to number Banner Life Insurance Company moved into the eight spot, up from number 14. Additionally, Transamerica Life Insurance Company joined the BudgetLife Top 15, dropping Protective Life Insurance Company out of the ranking.

Keep in mind that the companies rank differently for males and females. You should obtain separate quotes before automatically using the same company for both yourself and your spouse. Follow this link to find the rate for which you qualify.

Top Fifteen Smoker Life Insurance Companies

Not all life insurance companies use the same underwriting criteria to determine whether or not you would fall into one of their smoker classifications. Most companies rate any usage of tobacco in the past year as a smoker classification. Some rate similarly for any usage in the past two or three years. Additionally, some consider any usage in the past five or ten years in determining whether or not to rate you in their most preferred non-smoker classification.

Smoker life insurance premiums are often more than three times as much as non-smoker premiums. This is because smoking causes 87 percent of lung cancers, which kill more people than breast, prostate and colon cancers combined.

The good news is that smokers can reverse the damage of longtime smoking by quitting. Within 24 hours of smoking your last cigarette, you already have begun cutting your heart attack risk. After 10 years, you have cut your lung cancer risk in half, and after 15 years your risk of heart disease is the same as if you had never smoked.