Reader’s Question:

Can I get cheap smoker life insurance in Houston? Why or why not?  How do rates compare between term and permanent and between smoker and non smoker?

Sly

Houston Texas

A cheap smoker life insurance is relative.  Why relative?  Because a smoker’s rates will depend on how often he smokes and how many sticks per day is a person able to use.  Two smokers will not necessarily have the same rate.  The rates will also depend on the company providing the quotes.  Some companies are cautious and have a stricter rule when rating smokers.  Others will exercise more leniency.  In other words, a cheap smoker life insurance can actually be taken to mean a plan that is the most affordable among the different coverage offered by different companies.  The operative word is affordable because a smoker will be charged higher than a person who does not smoke.

Between a term and permanent plan, the term will be charged with lower premiums because it does not operate for life.  Even if the person is non-smoker, his term plan rates will still be lower because of the time factor.  Actual rates between the two and will vary according to age.  For a 30-year old man who smokes, a cheap smoker life insurance is about $44 per month.  That is 60% more than the $19 rate of a non-smoker.  For a smoker’s life plan quote, the most affordable rate could be in the $200 level.  This is also on a monthly basis.  The coverage is $300,000 for both quotes.   Half of that will be charged to non-smokers of the same age and for the same coverage.  As you can see, there is a very wide gap between term and life insurances and between smokers and non-smokers.

It is up to you to decide which works best for you.  If you need help on customizing a plan, it is advisable to talk to an experienced insurance agent in Houston who can help you calculate the right cost for you budget, as well as, the right type of life plan.

Cheap Smoker Life Insurance Rates in Houston