Life insurance coverage for chewers!
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 Chewers Life Insurance, Term and or Permanent Life Insurance coverage that wont break the bank. Chewing is not as bad as smoking with a number of the best life insurance companies and you may qualify for non tobacco premiums. This can be a huge savings in premiums compared to a smoker rate class.
Theres only a few highly rated life companies that we recommend see below for the rates 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
The rate classes listed above can change very frequently please get a current spreadsheet of quotes and rates from your agent.
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. Call a brokerage agency that has access to at least ten or more top life insurance carriers that are tobacco friendly. 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. Over the past few years they have been at the fore front of offering awesome rates for chewers and pipe smokers. 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.
No comments:
Post a Comment