Nov
18
Life Insurance for Chewers!
Filed Under Life Insurance
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 life insurance coverage for chewers, 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. These Rates can be so much less expensive if you compare to the smoker class that you would have received.
Some of the top companies that offer these types of plans and their rate classes at this time:
- 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. 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. They have been very aggressive over the last few years and offering terrific rates and premiums for their insured’s. It may be well worth your time to get a quote from them.
Don’t lie on your application the company will find out if you use tobacco from a urine sample they obtain from your paramedical exam. Also the company could flat out reject your application if these choose for non candor.