Life Insurance for people who chew or use snuff!
You might not have know that the major life insurance carriers over the past few years have eased the underwriting restrictions quite a bit on insureds who use alternate tobacco. What they have realized is that other products that contain nicotine such as chew, snuff, pipes and cigars truly do not have the same mortality effect as cigarettes.
What this means to you is that it is possible to find truly affordable Chewing Tobacco Life Insurance, Term and or Permanent Life Insurance coverage that wont break the bank. Chewers are now able to apply for and obtain coverage from top rated carriers at rates that are not even considered tobacco rates. This can be a huge savings in premiums compared to a smoker rate class.
There are currently a few top rated life insurance carriers that offer great tobacco rates see below
- AIG may offer at this time Preferred Smoker
- AXA may offer at this time Preferred Tobacco
- ING-Reliastar may offer at this time Preferred Smoker
- John Hancock may offer at this time Standard-Non Tobacco
- Lincoln may offer at this time Standard-Non
- Principal may offer at this time Preferred Tobacco
- Prudential may offer at this time Non-Smoker Plus
- Transamerica may offer at this time Preferred Smoker
The rate classes listed above can change very frequently please get a current spreadsheet of quotes and rates from your agent.
The best approach when a chewer or alternate tobacco user is looking for quality affordable and in some cases cheap term life insurance coverage is to either contact your agent or go online and do a search. You can use your current agent just make sure they are not a captive or career agent with no access to outside brokerage. These types of agencies are usually up to date with all the companies offerings and can help guide you to the best company. Be careful if your agent is what they call a captive agent meaning they typicall only represent one carrier you will be stuck with there tobacco guidelines.
One of the best Term Life Insurance Companies that offers great tobacco rates is Prudential they happen to be one of our favorite carriers when in regards to getting affordable coverage. Over the past few years they have been at the fore front of offering awesome rates for chewers and pipe smokers. It may be well worth your time to get a quote from them.
Remember be candid and upfront when applying for the coverage, if you try to lie the company will most likely find out from a urine sample they take during your paramed exam. Also the company could flat out reject your application if these choose for non candor.
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