Regular Smokers Life Insurance Rates Oklahoma OK

Reader’s Question:

Would there be a difference on my life insurance policy if I smoke regularly? I’m planning to get coverage due to my job here in Oklahoma soon.

Mitchell

Norman, OK

Yes, there will be a difference, a very big difference in the amount of life insurance premiums you would have to pay, if you are considered a smoker. Call up any life insurance agent there in Oklahoma, or go to any life insurance portals on the Internet to run a quote check and you will notice that, if you answer “Yes” to the question regarding smoking, the resulting life insurance premium quote would be about three to four times bigger.

Most people understand the serious implications of smoking and what it does to your health and your life span in the long-run. What most probably don’t realize is that life insurance companies considers several factors in creating a customer’s risk profile, and consequently their life insurance rates.

Anything that jeopardizes your ability to stay healthy and have a long life such as dangerous habits, hazardous work conditions, and unhealthy lifestyles, such as smoking, would be reason enough for the life insurance providers to see you as a “High-Risk” customer, with a higher probability of having to pay your beneficiaries huge death benefit sums sooner. So life insurance providers compensate for this increased risk by charging bigger, and you know what? While they make more money out of you, they actually pass along the savings and discounts to those who don’t smoke!

So not only would you be paying high medical bills due to smoking-related complications in the future, it also seems that you are subsidizing the life insurance coverage of non-smokers! (It’s almost always never too late to quit smoking.)

Tags: smokers life insurance, life insurance rates, high-risk life insurance, life insurance advise