Will Being A Smoker Prevent Me From Being Approved For Life Insurance?

Ross Quade | General | 18 Feb, 2016 | No Comments

Concerned that being a smoker may prevent you from being approved for life insurance?


If so, you’re not alone. In fact, it’s estimated that 40 million adults in the United States currently smoke cigarettes. And whether you’ve smoked for 5 years or 50 years, there are a few things you’re going to want to know when it comes to life insurance coverage.


After all, does being a smoker really prevent you from finding coverage?


Luckily, no. While some insurers may choose to deny applicants on the basis of smoking, these scenarios are few and far in between. What happens more often is that smokers are required to pay a higher premium for coverage. However, finding the right kind of coverage as a smoker isn’t always quite so easy.


Discover what you need to know when it comes to your life insurance coverage options as a smoker.


Coverage Options

When it comes to life insurance, there are 2 primary types of coverage you should be aware of, term life insurance coverage and whole life insurance coverage. Each type of coverage offers its own advantages as well as disadvantages.


Whole life

Whole life insurance or permanent life insurance provides coverage for your entire life. Offering guaranteed premiums along with the ability to accumulate cash value make whole life insurance a popular choice for some. However, whole life insurance also tends to be the most expensive option, particularly for smokers.


SEE ALSO: 3 Things You Need To Know About Life Insurance If You’re A Smoker


Term life

Term life insurance tends to be the most affordable type of coverage for the majority of consumers. Providing coverage for a set period of time, term life insurance is a cost-effective way to secure coverage when you need it most. In addition, term life insurance tends to be the easiest and most affordable way for smokers to get approved.


Qualifying Rate Classes

Curious just how much you might pay for coverage as a smoker? While no two providers are likely to quote you the exact same coverage, what you will find is that you will fall under 1 of 3 different qualifying rate classes.


Preferred plus

Preferred plus is the most stringent rate class to qualify for. Offering the lowest rates possible, individuals must demonstrate that they are in excellent health, no serious or chronic illnesses, no drug or alcohol abuse, and of course, no smoking.



Although not the absolutely cheapest option when it comes term life insurance coverage, it’s close. Qualifying for a preferred rate class means that you will have to demonstrate excellent health and history. Unfortunately, smokers are not typically able to qualify under this rate class.


SEE ALSO: Life Insurance Rate Classes: Here’s What You Need To Know



Associated with average health and normal life expectancy, many smokers are able to qualify for a standard rate class. Offering standard premiums and basic coverage, this type of rate class is common for smokers.


It’s important to keep in mind that that depending on the insurer, you may qualify under a separate smoker’s qualifying rate class such as preferred smoker or standard smoker. Each insurer uses a unique set of qualifying criteria; so don’t be surprised if you come across a variety of qualifying rate classes on your quest for coverage.


Best Way to Find Affordable Coverage?

Wondering what the best way to find affordable coverage as a smoker is? By far the best thing you can do is to explore your options before securing coverage. There are countless providers and policies. If you’re looking to maximize the value of your policy and coverage, it’s crucial to shop around. After all, not all premiums are created equal. In fact, using a quote generator such as Termlifeinsurance.com can be just what you need to get started.


Still have questions about finding affordable term life insurance coverage as a smoker? Leave us a message in the comments below or Contact TermLifeInsurance.com today.


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