Life Insurance For Smokers

Shawn Plummer

CEO, The Annuity Expert

If you are a smoker, finding affordable life insurance can be a daunting task. Most insurance companies charge smokers more for their policies because they are considered to be a higher risk. However, there are some ways that you can get cheaper life insurance rates as a smoker. In this guide, we will discuss some of the best ways to find affordable life insurance coverage for a smoker. We will also provide tips on how to improve your health and reduce your risk profile so that you can qualify for lower rates with most insurers.

Is it possible for someone who smokes to get life insurance?

Yes, you can still get life insurance if you smoke, chew tobacco, or vape. If you are worried that there are no life insurance products available to you, don’t give up. Getting life insurance could be more expensive due to these habits but you still have options available. If you quit, you’ll have more options and potentially lower premiums over time.

Comparing life insurance coverage between smokers and non-smokers

Smoking affects life insurance rates. People who smoke, even if it is only once in a while, have to pay more for their insurance because they are at a higher risk of dying younger than people who don’t smoke.

When you are classified as a smoker, it means that you will have a harder time getting a lower premium rate or a higher death benefit. That said, there are still life insurance options available to smokers. Just be aware that the average cost of life insurance for a smoker will be higher than for a non-smoker for the same amount of coverage.

Quitting smoking can lower your life insurance rates

If you stop smoking to improve your health, you may also see an improvement in your life insurance options. Your policy options may be better and your premium costs may be lower.

If you want to stop smoking, many insurance companies have a waiting period before you are considered a non-smoker. This waiting period is usually at least one year. Once you cross that waiting period, your rates could start to drop and reach those of a ‘never-smoker’ a few years after that.

Do Life Insurance Companies Test For Nicotine?

Since a blood, hair, or urine test is taken during the medical underwriting test, nicotine can be detected, but don’t fret. Generally, you will not be declined, rather an increase in premiums. An alternative to fully underwritten life insurance, apply for a life insurance policy that does not require a medical exam.

Cheapest Life Insurance for Female Smokers

People who smoke may have to pay more for life insurance. The price also depends on other things, like your gender, age, and health. Look at the table below to see how much premiums for females can cost.

Company/CostPreferred Smoker RateStandard Smoker Rate
Banner Life$124.94$169.14
AIG$125.68$170.14
Transamerica$126.42$171.14
Pacific Life$137.75$193.37
Lincoln Financial$148.78$200.38
Sample monthly rates for a 20-year term life policy with $1,000,000 coverage for a 35-year-old female smoker.

Cheapest Life Insurance for Male Smokers

The price of a life insurance policy for men is usually more expensive than the price for a policy for women. The same things that affect the price of a policy for women also affect the price of a policy for men. You can see how different prices are for smokers in the table below. The healthier you are, the less you will

Company/CostPreferred Smoker RateStandard Smoker Rate
Banner Life$161.49$220.14
AIG$162.44$221.44
Transamerica$163.40$222.74
Pacific Life$172.55$229.65
Lincoln Financial$185.76$251.98
Sample monthly rates for a 20-year term life policy with $1,000,000 coverage for a 35-year-old male smoker.

Life Insurance Quotes For Tobacco Smokers And Vaping

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Life Insurance Quotes For Smokers Without A Medical Exam

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Frequently Asked Questions

Who offers the best life insurance for smokers?

Because of their higher maximum coverage levels, affordable rates, and strong financial rating with A.M. Best, Banner Life, AIG, and Securian offers the best life insurance for smokers.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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