What options do I have for life insurance coverage here in Miami, Florida if I am the type who smokes regularly?

 
Cindy

Miami, FL

 
You would still have about the same life insurance options there in Miami, Florida as would a non-smoker, the only real (and big) difference would be the amount of life insurance premiums you will be charged for being a regular smoker. Life insurance companies typically charge three, even four times, higher premiums for someone who smokes. Someone categorized as a “non-smoker” (not having used nicotine products for the last three years) can get a policy with a face value of $500,000 and only pay around $23 – $35 monthly on average, while a smoker would have around $60 to $80 for premiums just to get the same level of coverage.

You could choose to get a No-Exam or Guaranteed Acceptance life insurance coverage but these tend to be more expensive since there is no medical data or information to determine how long you will live, hence you are automatically tagged as a high-risk customer.

Some people do tend to pretend that they are non-smokers to get a better rate and you may even pass the medical exam if you have not smoked for the past 72 hours prior to taking the test. If you chose to do the same, just remember that you have a legal contract with the life insurance company and if you death is related to your smoking then they may opt not to grant your death benefits.

My mother, perhaps having exhausted all her arguments on why I should stop smoking, told me that I’ll get higher premiums when I apply for life insurance in Miami Florida FL. She’s exaggerating, right?

Jana

Miami, FL

I hate to burst your bubble, Jana, but your mother is actually correct. Smokers in general are charged with higher premiums or fees when they apply for life insurance in Miami Florida FL, and I believe in the other parts of the world as well. It has been proven by many research and studies that smoking actually causes many diseases and actually results to shorter life spans over the years. Life insurance companies in Miami Florida FL will definitely label this as a high risk and collectively, the insurance industry has come up with a specific life insurance for smokers called the smoker life insurance.

The good thing about this smoker life insurance is, while its premiums will still be considerably higher than ordinary life insurance, the difference has certainly reduced over the years. When in the past smokers had to pay double or triple premiums for life insurance, this is no longer true nowadays.

What you can do, Jana, is check for yourself if you do not believe your mother and me. Using the online shopping tool provided for you on this page, you can compare proposals for life insurance and smoker life insurance. To do this, you need to run the tool twice, first posing as a non-smoker and then next posing as a smoker. Maintain everything else the same and change only this fact, and see for yourself if a smoker life insurance policy is indeed more expensive than a regular life insurance policy. Oh, and by the way, it will start when you enter your zip code on the space bar.

As a smoker, what life insurance options are available to me? I hope there are some options for smoker life insurance in Miami, Florida. Thanks to anyone out there in Miami who can help me.

Garth

Miami, FL

Good day Garth,

Glad to know you are from Miami too!

Life insurance for smokers is out here in Miami FL and available to you. It is more expensive than life insurance for no-tobacco users but your search should begin with a life insurance agent in Miami who knows where to look. Life insurance for smokers is competitive and carriers have different standards depending upon a wide variety of factors and your overall health history.

Usually smokers prefer a short duration term life insurance policy. This enables them to consider and take steps to quit smoking. At that point a permanent life insurance policy would most likely be available. Permanent life insurance will provide you the opportunity to build cash value. Make sure the agent you use has access to carriers in Florida FL who have aggressive and multiple smoker’s life insurance policies.

Believe it or not, many life insurance companies in Miami, FLorida offer different rates for cigarette smokers compared to cigar smokers. Life insurance companies also take into account smokeless tobacco rates. We always ask that you consider changing your smoking habit, but realize that is a difficult choice. Do not give up on life insurance and work with your agent to get competitive quotes.

What kind of price can I normally get for Miami FL smoker life insurance?

Rick

Hey, Rick,

The “Are you a smoker” question on life insurance application forms is one of the most important, and the most confusing. Since you are a smoker, your route is clear for you–you should answer yes. But what will happen then?

As a smoker, you open up a thousand new ways to become ill and to put your life at risk, and the Miami FL smoker life insurance company takes that into mind. Although you may be perfectly healthy right now, things such as smoking and chewing tobacco compromise your health so much that it is almost certain you will have some kind of problem in the future. So most companies treat you, essentially, as if the problem was already here: they shunt you down into the sub standard Miami smoker life insurance policy.

Sub standard has a different meaning in life insurance than it does in every day life. It doesn’t cover you less, but it does cost a lot more; sometimes three times of much. Now, you’re general health and other habits will also impact that, but basically, if you have to buy Miami FL smoker life insurance, you’re already locked in for a high price.

take care,

Fashun