Indeed, there is burial insurance tailored for smokers. However, it's important to note that smokers typically face an additional premium, and attempting to deceive about tobacco use can result in denial of the death benefit.
With that clarity, let’s delve into the process for smokers.
Most insurance companies inquire about smoking habits using a standardized question: whether you have smoked cigarettes or used any nicotine products, including e-cigarettes, within the last 12 months. Even minimal smoking in the past year categorizes you as a “smoker” in their assessment.
Some companies may consider users of smoking cessation products as tobacco users unless they have been tobacco-free for at least one year.
Burial insurance rates for smokers can vary significantly. To secure the best rates, consulting a company like Senior Life Services, with access to numerous life insurance providers, is crucial.
Smoking-related burial insurance rates exhibit considerable diversity. A generally healthy 50-year-old male smoker might expect to pay between $35 and $50 per month for a $10,000 burial insurance policy. However, individual health conditions contribute significantly to rate variations.
Comparing prices from various final expense companies is crucial to secure the best rates. Senior Life Services offers this service at no additional cost; you only pay the policy premiums, and our assistance does not impact your premiums.
Efforts to quit smoking may be rewarded by some insurance companies. Typically, after maintaining a smoke-free status for 12 months, individuals can transition to non-tobacco rates. Until then, we can assist in finding a company offering competitive rates for smokers.