For cigarette, cigar and pipe smokers who are looking for low cost smokers’ term life insurance; it is likely that they may have noticed the premium rates may be significantly higher than what non-smoker rates are.  However, there are life insurance companies who have been known to have some of the most affordable rates for smokers.  There may also be companies that offer reasonable rates to those individuals who are cigar and pipe smokers. To learn more, read the article “Getting Affordable Rates for Life Insurance for Cigar Smokers.”

Although term life insurance for smokers may be affordable, cigarette smokers are typically encouraged to quit smoking for both health and life insurance purposes.  After a smoker has been smoke-free for at least one year, he or she may be able to apply for a non-smoker’s policy which, if he/she qualifies for it, may drop his/her rates significantly.

Many companies who offer term life insurance for smokers may not differentiate between smokers, whether it is cigar, pipe or cigarettes. Individuals who smoke pipes or cigars may not want to apply with any of these companies unless they are prepared to pay more.  There are various companies who may offer preferred non-smoker rates to occasional smokers as long as their urine does not show traces of nicotine.

There are some companies whose expertise is non-cigarette smoker policies. They may have preferred plus rates for occasional users of tobacco. Some may give the preferred non-smoker rate to individuals who smoke an occasional cigar.

There are some life insurance companies that may give coverage to cigar smokers who would like to obtain a term life insurance policy, and could accept limitless cigar and pipe smoking as well as chewing tobacco.  In addition, applicants who have a positive nicotine test result may still be offered non-smoker rates, depending on the company, although these rates may be a bit costly.

For more information, check out the smoker life insurance page.