Do Smokers Qualify for Life Insurance?

Worried your smoking habit may hinder your ability to qualify for life insurance? Criss Crombie, Life and Financial expert at Empower Brokerage, hears these questions often. Watch the video below to find out if smokers qualify for life insurance!

Q: Can smokers get life insurance?

A: It depends!

It depends on what you’re smoking and how often you smoke. For the most part, when people talk about smoking, they’re typically referring to cigarettes. With that being the case, yes, you can get a life insurance policy if you’re a smoker, assuming that you qualify, meaning you don’t have any severe health conditions. Keep in mind that even though smokers qualify for life insurance, they will get a tobacco rating. In other words, smokers have to pay more in premiums for a life insurance policy.

Now if you smoke a pipe or a cigar occasionally, you can get a more favorable rating with some insurance companies. In some instances, you can even get a non-tobacco rating. Additionally, if you smoke marijuana, some companies will allow you to get insurance coverage. As for electronic cigarettes, which are trending among smokers, most insurance companies look at e-cigs as traditional tobacco or traditional smoking so you would get a tobacco rating. Bottom line: it depends on what you smoke, but yes, smokers qualify for life insurance.

Life Insurance Questions?

We hope that this information on qualifying for life insurance is useful to you.

If you’d like to learn how we can help you plan your retirement, call Empower Brokerage at (888) 539-1633 to speak to one of our Life and Annuity experts or leave a comment down below.

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