term life insurance for ex and current smokers in kentucky

term life insurance for ex and current smokers 2022

A common method for verification is a medical exam that typically involves taking urine and blood samples. The samples will show the presence of cotinine in your body, a byproduct of nicotine. Cotinine is also detected in hair and saliva samples. However, testing for cotinine isn't completely foolproof. Smokers might be able to pass through if they haven't had a smoke in the last couple of days.

You could be denied a life insurance policy as a smoker if you also have certain medical conditions, such as smoking-related diseases. You could also be banned from a policy if you lie on your application about tobacco use.

The policies can also earn in cash values over time. which allows you to take loans against them or cash out the value that has accrued.

A life insurance policy for the whole of your life can last for your whole life. Although the actual premiums for life insurance will typically be more expensive than rates for a term life insurance policy, This is the case especially for smokers. But, your cost remains the same as long as the policy remains in effect.

The life insurance industry is determined to identify smokers who don't tell the truth. Life insurance companies lose $3.4 billion annually in premiums due to unseen smoking habits According to Verisk an analytics and data company.

term life insurance for ex and current smokers rates

The good news is that if you quit smoking to better your overall health, it can also enhance the life insurance options available to you. The policy options and premiums could rise over time.

Whole-life insurance policies also accumulate in cash values with time, which allows you to take out loans or take the value that accumulates.

If you require assistance or have any questions, speak with an agent to help you determine the most suitable policy that meets your needs.

term life insurance for ex and current smokers rates
how much more is life insurance for smokers

how much more is life insurance for smokers

Around 43% of life insurance applicants did not reveal their smoking habits as per ExamOne who conducts medical examinations to life insurers. It's based on the amount of applicants who had an analysis of cotinine however they claimed that they did not smoke. Younger people are the most likely to not disclose their tobacco use.

Yes, you can still get life insurance if you smoke, chew tobacco, or vape. If you're worried there aren't life insurance products available to you, don't give up. Due to these habits, life insurance could be more expensive, but you still have options available. Should you quit, you'll have more options and potentially lower premiums over time.

Life expectancy is the base of life insurance premiums. Therefore, factors that affect the likelihood of "mortality," or life insurance expectation, are incorporated into quotes for life insurance.

term life insurance for ex and current smokers back

When filling out an application for life insurance, it is essential to be honest about all the information you provide. Life insurance companies offer myriad ways to confirm the information you've said on your application.

Various factors affect your eligibility for life insurance and the cost of your policy such as smoking tobacco. If you are applying the insurance for your life, you'll be required to declare whether or not you smoke, and if yes, which type of tobacco products you consume. Since the mortality rate for smokers is three times greater than that of non-smokers, expect to pay a more expensive life insurance premium if you smoke. This article will help you know when purchasing life insurance if you smoke tobacco or have a smoking history.

Life expectancy is the basis for life insurance rates. So factors that impact your potential "mortality," or life insurance expectancy, are factored into life insurance quotes.

term life insurance for ex and current smokers in kentucky
term life insurance for ex and current smokers code
term life insurance for ex and current smokers code

When filling out an application for life insurance, it is essential to be honest in all your answers. Life insurance companies offer myriad methods to confirm what you've written on the application.

It is possible to wonder if stopping smoking cigarettes is a good option as is applying for life insurance. Although this could result in higher rates, delaying purchasing life insurance is not a wise idea.

If you're seeking motivation to quit smoking sooner rather than later, many insurance companies have the waiting period before when you have deemed a non-smoker. The wait time is typically at least one year. After you've completed the threshold, the rates may fall and then reach those of those who are "never-smoker" within a couple of years.

best life insurance companies for smokers

Whole-life policies also accrue cash value over time, allowing you to borrow against them or withdraw the accumulated value.

Brace yourself for high life insurance quotes if you're a smoker. We found that smoking rates will easily double or triple a non-smoking rate. The increase will vary by age, gender, and coverage amount, but here are examples of average quote increases for a 20-year, $500,000 term life insurance policy.

Another negative consequence of smoking cigarettes is the cost of life insurance premiums. Smokers pay four times more for an insurance policy than people who don't smoke.

best life insurance companies for smokers

Frequently Asked Questions


The average cost of life insurance for a smoker is $87.71 per month — that's four times more expensive than a healthy individual's average life insurance premium, which is $24.82 per month. Several factors determine your rate.


'Ex-smoking' refers to someone who has smoked more than 100 cigarettes in their lifetime but has not smoked in the last 28 days. The international convention is to treat someone as an ex-smoker once they have been smoke-free for one month (at least 28 days).