Financial Advisor, Cona Financial Group, La Verne, CA
The short answer: Much more expensive than if you didn't! Rates for smokers tend to be twice (or more) as expensive as rates for non-smokers. Some life insurance companies are better suited to smokers than others, so keep this in mind if you are shopping for a policy. An independent agent who has access to a wide variety of carriers can find you the best rates for your particular situation.
If you smoke cigarettes, Life Insurance rates run approximate three times what they would be for a nonsmoker. With very competitive smoker rates, the difference is not quite as much; with a health condition combined with smoking, the difference in premiums could be much higher.
Smoking an occasional cigar does not have much effect on rates at all, however. And even a daily cigar can qualify for nonsmoker rates with a few companies.
Unfortunately, there is no break for those who are social cigarette smokers except that can be rated Preferred Smoker if their other health and risk factors are Preferred.
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Smoking an occasional cigar does not have much effect on rates at all, however. And even a daily cigar can qualify for nonsmoker rates with a few companies.
Unfortunately, there is no break for those who are social cigarette smokers except that can be rated Preferred Smoker if their other health and risk factors are Preferred.