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.

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.