When you’re looking for life insurance, it can be difficult to find a quality and affordable plan to meet your needs. There are dozens and dozens of different factors you’ll need to consider to ensure you’re getting the best plan.
As a smoker, you probably know your life insurance policy is going to be more expensive than someone who doesn’t smoke, but it doesn’t mean your plan has to break your bank every month.
There are plenty of companies on the market who will give you cheaper premium rates, the only trouble is you have to find one of those companies; but that’s why we are here to help.
Every applicant is going to be different, which means the best company for one applicant isn’t necessarily going to the best company for another applicant.
While we can give you the top 5 companies who are generally the best, you’ll need to get personalized quotes to determine which company is going to give you the most affordable life insurance plan to meet your needs.
Choosing the Best Life Insurance Company for Smokers
There are hundreds of life insurance companies out there you can choose from, and all of them are going to use a different algorithm to calculate the insurance premiums.
As a smoker, it’s important you find a company who is going to view your tobacco usage more favorably.
If you’re looking to get some of the best preferred smoker rates, then AIG is an excellent option for you. For years they have been offering some of the best rates to tobacco users. They offer quality life insurance plans for an affordable price.
If AIG doesn’t meet your needs, then MetLife or Transamerica should be your next options, depending on your age. These two companies tend to offer better rates for older smokers. Both of the companies have excellent customer service rankings, and are both financially stable. You don’t have to worry about receiving sub-par products.
As we mentioned, every case is different, which means these companies may not be the best for you, and if they aren’t we can help you find a company that is. We work with dozens of highly qualified companies across the nation, and we can bring all of the best life insurance plans directly to you.
Let’s dig a little deeper into each one.
Here are Our Top 5 Best Life Insurance Companies For Smokers
Just because you’re a smoker doesn’t mean that your life insurance premiums have to break your bank every month, there are several ways that you can secure lower insurance rates. As we mentioned, comparing dozens of companies is one of the easiest ways that you can get lower rates, but there are several lifestyle changes that you can make to keep more money in your pocket every month.
If you really want to save money, you should consider quitting smoking once and for all. Non-smokers are going to pay half or even less of what a smoker pays for life insurance coverage. Kicking those cigarettes to the curb could save you thousands of dollars on your life insurance policy.
The first thing that you should do is start getting regular exercise, anything from jogging to swimming. Anything that gets you out and moving. Regular exercise is an excellent way to lose weight, strengthen your heart, and drastically reduce your chances of being diagnosed with severe health complications, like diabetes or cardiovascular problems. It’s time that you laced up those running shoes and hit the gym.
The next thing that you should do to secure better rates from the insurance company is to stick to a healthy diet. Picking veggies instead of French fries can help lower your cholesterol, lower your blood pressure, and much more. All of these are going to translate into better result from the medical exam and lower monthly premiums. You can have your cake and eat it too, as long as you don’t have too much of it.
The Best No Exam Plans for Smokers
One option for smokers to get life insurance is to go with a no medical exam life insurance policy. These policies allow you to get life insurance coverage without being required to take the medical exam before the company accepts your application.
There are plenty of companies on the market who sell no medical exam plans, but the premiums can vary significantly depending on the company.
If you’re looking for the best plan for a smoker, Globe Life Insurance is probably going to be the best option based on your age and how much coverage you’re trying to purchase.
There are several advantages and disadvantages to these policies you should consider when you’re trying to find the best plan to protect your family. One significant benefit of these plans is that you can get life insurance coverage must faster than you can with a traditional life insurance plan that requires a medical exam. With these no exam plans, you can be approved in a matter of days versus the month that it could take with a standard plan.
One of the most notable pitfalls of these plans is that they are going to be more expensive than a traditional life insurance plan. Without the insurance company getting your health information, they are taking a much greater risk to give you insurance coverage. They are going to offset the higher risk by charging you higher monthly premiums for your insurance policy. If you want to get the most affordable plan, a no medical exam is not the best choice.
Choose The Company Who Is Right For You
We know that finding the best life insurance plan can be a long and complicated process, but it doesn’t have to be.
Our agents can connect you with the perfect insurance plan to meet your needs. We have years of experience helping applicants get quality and affordable plans without spending hours and hours on the phone talking to different companies.
If you have any questions about getting life insurance, please contact one of our agents today.
We would be happy to answer those questions and start you on the life insurance process today. You don’t know what’s going to happen tomorrow, don’t wait any longer to get the life insurance protection that your family deserves.