Smokers will have to spend more money by way of premiums when they opt for life insurance
. This is because smoking makes a person prone to serious illnesses of the mouth, lung and heart. Hence when an insurance company insures someone who smokes, the company will be taking a higher risk. This is the reason why premiums are more expensive for smokers when compared to non-smokers.
If you choose an insurance company that deals with standard life policies then you may not have any other option other than paying the high costs for your policy. In case you wish to avoid the high cost you can select an insurance company that specializes in insurance for smokers. However, irrespective of the company you choose, you must be prepared to pay more than a non smoker. Through comparison shopping you may be able to spot a company offering lower premiums rates to customers.
An insurance company determines whether the customer is a smoker or not using various ways. In case you have smoked in the last two or three years, you will be considered as a smoker by some companies. There are others that will come to such a conclusion only on the basis of your status as a smoker at the time of taking the policy. You can wait for a few years before taking the policy in case you have quit smoking recently. In case you are in a hurry to take a policy then you can search for the best deal online. Without any obligation to buy you can get quotes from several companies online. In this way you can know about the best products and also about the cost involved for your life cover.
You can find affordable assurance even if you are smoker with some research and hard work. You must be diligent in your research of types of insurance policies and companies that are available. A high premium may also work as a motivation to enable you to quit smoking finally!
Some people find it extremely difficult to give up smoking though they would love to do so. You must know that you are putting yourself at grave risk through smoking which can make it difficult to find a better rate for your coverage. The best way to get more affordable rates is to quit smoking. However if that is not an immediate option to choose, then you can simply take up research to find the coverage you need at an affordable price. If you take the time to search for good deals you can get a quality life insurance policy regardless of whether you are a smoker or not.