Term Life Insurance Rates for Smokers and Dangerous Hobbyists
If you’re a smoker it is possible to lower your term life insurance rates? If your term life insurance rates seem to be high because of the fact that you smoke, you may be wondering if there is anything that you can do about it. The answer to this question is yes, you can influence your term life insurance rates, lowering them even if you do smoke. Bear in mind that smoking is a very large defining factor for how your term life insurance rates will be determined but fortunately it’s not the only contributing application approval factor.
Two different people who are smokers may find themselves with completely different term life insurance rates for a couple of different reasons. If you make a point to look at all of the different contributing factors that go into determining the term life insurance rates, you may be able to lower how much you end up paying for term life insurance even if you are a smoker and do not plan on quitting any time soon.
Here are some factors that will contribute to your term life insurance rates in addition to smoking. These are only the factors that you can do something about – so, if you avoid them, you will be able to get a much lower term life insurance rate even if you do smoke. In other words, it would be useful to consider this list, and to make the necessary changes to improve your health and to improve your term life insurance rates.
1 – Smokers who also happen to be overweight will generally pay a higher premium with term life insurance than someone who smokes and has a normal or healthy weight. The weight factor when it comes to term life insurance is actually a strong consideration in the application process. This is primarily due to the fact that a great deal of medical data and information has been linked to several diseases and other health issues that may shorten an individual’s lifespan.
2 – A smoker who purchases his or her life insurance policy at age thirty will have lower term life insurance rates than someone who buys a similar policy at the age of fifty. Life expectancy is a very large factor contributing to term life insurance rates, because someone who is older and smokes, is much more likely to die than someone who is younger.
3 – Rock climbing and skydiving and hobbies that are hazardous are likely to increase the risk associated with insuring you, so if you are a smoker and you take part in dangerous activities, you will pay a higher premium than smokers who do not. If you want to reduce your term life insurance rates, you need to switch to hobbies that are considered safer.
4 – If you are part of a hazardous job or profession, then you will have to pay much higher term life insurance rates. Risky jobs that expose you to danger are likely to raise your term life insurance rates significantly, so lower your term life insurance rates by choosing a job that is safer.
While you are making plans to explore different term life insurance rates, it is important that you compare different term life insurance providers from three or more different term life insurance websites. Make sure the company has been in business for at least 10 years, offers a toll free phone number and provides educational material on their site that assists you in understanding what you are buying.