Tobacco smokers can find accessible life coverage by applying for a no medical exam life insurance policy. Smoking will always increase your life insurance rates and it makes it very hard to find a cheap plan. Furthermore, if your health has been severely affected as a result of your habit, agencies may refuse to cover you. You can get no medical exam life insurance, but it is important to search for no medical life insurance quotes in order to find affordable rates!
How does smoking affect your life insurance premiums?
When applying for life coverage, you will be asked if you “use tobacco products”. Tobacco products means everything that has nicotine, from cigarettes to nicotine patches, all of these products will get you smoker rates. Smoker rates mean an increase of the overall cost of your policy. Smokers will not be able to get preferred plus rates, which are the cheapest, even if their health condition is excellent.
How can no medical exam life insurance help?
Life insurance policies that do not require medical examinations are also more expensive for smokers. The fact that you do not take medical examinations may hide other medical problems, which may have otherwise prevented you from getting coverage. This is the only advantage and do not expect to see cheap life insurance for smokers! Premiums are doubles or even tripled if you smoke or use tobacco products, so it is always better to quit altogether.
Advantages of no medical exam life insurance for smokers
1. Easy to qualify for coverage. Smokers may be denied coverage from traditional life insurance policies, but this is rarely the case when applying for no medical exam life insurance.
2. Covers funeral costs. You can purchase a plan to make sure that your family will have enough money to cover your funeral expenses. Burial costs and taxes can be well over $8,000!
3. Issued fast. Life insurance without medical examinations plans are issued very fast! A policy takes about 24 hours to become active. By comparison, traditional policies are issued after several weeks.
Smokers will have a hard time finding cheap life insurance. You will have to either quit cigarettes or compare as many quotes as possible to find a cheap policy. Visit our website and compare quotes from top insurance providers!