March 28th, 2014 by JTripp
The truth of the matter is that if you smoke cigars, cigarettes or even marijuana then you will pay more for your all of your life insurance premiums. There is a table called a mortality table that provides the rates for all life insurance premiums. This table is based partially on statistics that have been compiled over the years about moralities. These life insurance firms have been keeping such statistics about death for years and years. They know exactly how people die, how many there are and what are each of their ages.
Simply put, if you smoke for an extended period of time, you are more likely die early. Therefore, they need to charge you extra because they have proof that they will need to pay off the policy at an earlier time than a non-smoker. People who smoke cigarettes have a much greater chance of developing lung cancer.
Cigarettes have over 2,000 chemicals in every cigarette. Many of these chemicals are known to be carcinogenic. Cigarette smoke also is known to contain the deadly substances called arsenic and cyanide. If that is not bad enough, there is a tar that is left in the lungs that will eventually turn cancerous.
If you chew tobacco it is the same. You will be required to pay a higher premium. Studies show that nicotine itself is harmful in other areas of the body. It can promote heart failure and also high blood pressure. This means that even the cheapest life insurance for smokers is more expensive than the most expensive for a healthy non-smoker.
There is good news however for all of you ex-smokers out there. If you have not used tobacco for one year or more then you can be exempt from this higher rate. The bottom line is quit using tobacco and you can reduce your life insurance rates significantly.