Smoker Vs. Non-Smoker Life Insurance Gainesville Florida FL
Reader’s Question:
What’s the difference between a smoker and a non-smoker when getting life insurance? Why does my provider here in Gainesville, Florida charge me more than my friend who does not smoke?
Oliver
Gainesville, FL
The biggest difference between someone who smokes versus someone who doesn’t would be how their life insurance premiums are priced. Due to the plethora of serious health problems that long-term smoking causes, life insurance companies are inclined to charge higher premiums to cover for losses that may be incurred due to having to make a payout for death benefits soon. In effect, life insurance companies reward non-smokers since they prove to be a segment of the market that can sustain the companies business longer (since they will live much longer).
Also, the life insurance market for non-smokers tend to be a very competitive market therefore forcing providers to offer the best rates in order to attract new business and keep the current ones. So if you would like to get competitive rates from your life insurance provider there in Gainesville, Florida, the first thing you would have to do is, obviously, to quit smoking. Easier said than done, of course, but the benefits in the long run are worth it. You could save three times towards your life insurance expenses annually and reduce or even eliminate treatment costs for smoke-related illnesses in the future. Talk to your provider to see how soon they can bring down your premiums into a “non-smokers” rate once you have decided to stop smoking. You can usually expect your rates to get lower after a couple years after kicking the smoking habit.
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