|
To find out more about
smoker life insurance,
see this article at MoneyCentral.
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.
Comparing with the previous Top 15 smoker life insurance companies, we find quite a few changes with this update.
Allianz Life Insurance Company of NA
dropped out of the Top 15, after a brief stay at number 8.
The Penn Mutual Life Insurance Company
joined the list at the number 11 spot.
Banner Life Insurance Company also dropped out of the ranking
from the number 14 spot, as they raised their rates across the board. This made room for
Genworth Life and Annuity Insurance Company
to rejoin the Budget Life Top 15 at the 15th position.
Additionally,
Protective Life Insurance Company and
West Coast Life Insurance Company
moved up to the 8th and 9th positions, with West Coast jumping all the way from number 13.
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.
|