Smokers still are discriminated against for Life Insurance, But Chewers arent!
Monday, December 29th, 2008Chewers Life Insurance!
You might not have know that the major life insurance carriers over the past few years have eased the underwriting restrictions quite a bit on insureds who use alternate tobacco. The carriers have decided that cigarettes have a much higher effect on your mortality over chew, cigars or pipes.
What this means to you is that it is possible to find truly affordable Life Insurance for people who chew or use snuff, Term and or Permanent Life Insurance coverage that wont break the bank. Alternate tobacco users like chewers, pipe smokers can now find insurance plans from carriers at non tobacco rate classes. Savings can be tremendous if you can obtain a non tobacco rate class.
Below you will find our recommended list of the best Alternate Tobacco Life Insurance Carriers and the rate classes
- AIG may offer at this time Preferred Smoker
- AXA may offer at this time Preferred Tobacco
- ING-Reliastar may offer at this time Preferred Smoker
- John Hancock may offer at this time Standard-Non Tobacco
- Lincoln may offer at this time Standard-Non
- Principal may offer at this time Preferred Tobacco
- Prudential may offer at this time Non-Smoker Plus
- Transamerica may offer at this time Preferred Smoker
Tobacco rate classes change fairly frequently please get up to date quotes and premiums from your broker.
The best approach when a chewer or alternate tobacco user is looking for quality affordable and in some cases cheap term life insurance coverage is to either contact your agent or go online and do a search. Whether you use an online agency or your hometown agen check to see if they have access to a number of the top rated alternate tobacco companies. The great thing about brokerage agencies is that they have up to minute access to the carriers that offer the best quote and rates. Be careful if your agent is what they call a captive agent meaning they typicall only represent one carrier you will be stuck with there tobacco guidelines.
One of the best Term Life Insurance Companies that offers great tobacco rates is Prudential they happen to be one of our favorite carriers when in regards to getting affordable coverage. This is a niche that they have carved out in the marketplace and it has worked very well for them over the past few years. It may be well worth your time to get a quote from them.
Tell the truth on your application that you are a chewer or alternate tobacco user they will find out anyway from your exam. If you don’t disclose your tobacco use the carrier could reject your application.