Reader’s Question:

I’m looking for an affordable life insurance policy, would my smoking habit in any way impact how much I will pay for life insurance here in San Antonio, Texas?

Jennifer

San Antonio, TX

This is a BIG YES! The use of nicotine substances such as Cigars, Pipes, Tobaccos, Nicotine gums and patches, Snuff, Dip, and Chews can all lead to significantly higher life insurance rates for you there in San Antonio, Texas. If you are wondering a why, use of these substances over long periods of time can substantially increase your risks of dying sooner, which is the last thing a life insurance provider would want (mind you, not that they actually care, but they would rather not pay the hefty death benefits). So, if you pose a higher risk of having an untimely death because of smoking, the more life insurance providers try to compensate for this risk by charging more on life insurance rates or premiums.

How much more could it possibly be, you ask? Well consider this, someone in his or her late-twenties to mid-thirties can get a life insurance policy with a death benefit (also known as a “Face Value”) worth half-a-million dollars for around $20 to $30 of monthly premiums (with most life insurance companies) if they are a non-smoker, whereas a smoker would have to pay $60 to $80 per month just to get the same Face Value amount under the same kind of policy. It is not too late to quit, a lot of companies actually provide incentives for quitting and may even lower your rate to that of a non-smokers after a few years of quitting.

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