Are there different rates for smokers and non smokers?
Gary
Houston, TX.
Gary,
Smokers face more consequences in certain aspects than non smokers face other then their health. The likely hood that they will pay higher insurance premiums happens to be another one. Sometimes an insurance policy for one who smokes can cost twice the amount as someone who does not smoke.
All term life insurance companies but a select few will offer smoker rates regardless if you smoke cigarettes, cigars, chew tobacco, or nicorette gum etc. The few term life insurance companies that will offer non-smoker rates to alternate tobacco users other than cigarettes can save you 50%-100% in cost. Some are aggressive to the extent where Preferred Plus and Preferred non-smoker rates are available as long as you medically quality.
Even if you smoke raw tobacco however not cigarettes, there are some companies that will give you a smokers quote.. However do not worry too much about price because there are still a few companies available that specialize in cigarette and tobacco smokers.
Thank you for asking a great question Gary.