Smoking and getting the best life insurance rates!

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.Life Insurance actuaries could rate up the premium by 50% if you are a smoker or tobacco user in some respect. 

Lets break this down real simple like because smokers deserve the best term life insurance rates just like everyone else:

Most company underwriting guidelines want to see that you have not used any form of tobacco for one year in order for you to get Non Tobacco premiums.  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.Five years of more of being cigarette and tobacco free you could even get the very best rates the company offers.  That is if you qualify per the carriers guidelines on all there other health categories.

Guide to possible rate classes:smoker

No cigarettes or tobacco 5 years or more: Possible Best Quote
No tobacco of any kind 3 plus years equals: 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.Your premiums are going to be higher and you just have to buck up and pay or quit smoking.  Ask yourself if the smoking is worth it while you are paying higher 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.All I want to happen here is for you to be able to get the best and lowest cost life insurance, period. 

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?You will sleep a lot better at night knowing that you have this coverage in force for you and your family.

Next step is to go get and find the best life insurance brokerage or agent.You need to make sure they can represent multiple carriers!  If they are not appointed with at least ten companies ask them why and make sure the answer is really good.  Ask them if they work with a BGA (Brokerage General Agency) that has a multi-carrier platform.  Now your agent might look at you kind of weird at this point and they will definelty know you have done your homework.  Bottom line is you need to get multiple quotes from a number of carriers!

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!