Remember, life insurance companies base their issuing of life insurance on age, sex, and health status. Smoking has been proven to increase your health risk as you age and to make it more expensive to purchase life insurance. For these reasons, finding an independent agent to sell you life insurance is even more important for smokers. Some companies do specialize in writing life insurance for smokers at lower rates, so be sure to always shop around for the lowest rates when buying life insurance on smokers and non-smokers. When agents are captive to their carriers they may not always find the best rates for their clients. For this reason, independent agents offer the best avenue for “shopping."
- Tom Newsad