Smoking and getting the best life insurance policy

II'll bet that you didnt know that Smokers Life Insurance rates can still be affordable you just have to know who to speak to and which carrier to shop.  Most life insurance companies will rate up your premiums sometimes by fifty percent if you smoke or are a tobacco user of some sort. 

As I explain this in the easiest way because even if you are a smoker you still need to save money

The life insurance underwriters will want to know that you have not used any tobacco for over one year for you to get the Non Tobacco rates.  That would typically be a Standard or Standard Plus Non Tobacco rating.After stopping smoking for two possibly three years you might be able to obtain the Preferred Rate class offered.Quitting for five years or more will allow you to obtain the top rates available.  That is if you qualify per the carriers guidelines on all there other health categories.

Below are quick guidelines for the rate class a smoker might obtain

Five years of more no tobacco at all: You could actually get the Pref Best
No cigarettes or tobacco 3 years or more: Possible Preferred Quote
No tobacco or cigarettes for overr two plus years: Possible Preferred or Stadard Plus Class
No cigarettes or tobacco 1 year or more: Possible Standard Rate Class

What this means to you is simply how much you are going to pay for your life insurance premiums, plain and simple.  Now if you still smoke well then you will simply have to qualify as a Smoker.If you dont quit smoking you're rates will be higher and thats the end of the story.If you are honest with yourself you might just decide to quit smoking to save on the premiums.  Hey I'm not knocking you here I do chew tobacco on occasion and I used to smoke as well that's why I'm writing this post.  I want you to be able to find quality low cost insurance to protect you and your family or business. 

Here is the good news, life insurance prices are especially term life are cheaper than they have been in years due to modern medicine extending mortality and the carriers competing with each and running a more efficient company.  So we all know how much everyone hates to pay insurance premiums but this is the one insurance the once you have it in force gives you a sense of (hard to explain) calmness?From my perspective and experience knowing that you have this coverage in force will give you a little piece of mind.

Next step is to go get and find the best life insurance brokerage or agent.  Make sure and ask them how many carriers they are appointed with!Your agent really should be appointed and ready to write business with a number of the top life carriers if not find another agent.  Ask them if they work with a BGA (Brokerage General Agency) that has a multi-carrier platform.It's possible to get some weird vibes from your broker now because they know now you know what your talking about.You should and need to get a number of separate quotes and from different brokers!

When it comes to Term Life Insurance premiums a lot of the time how much does it cost you will drive the decision on the carrier.You should purchase the most you can absolutely pay for and really now stop the smoking!