November, 23 2017

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Cheapest Life Insurance Companies for a Cigar, Chew or Pipe Smoker

Cheapest Life Insurance Companies for a Cigar, Chew or Pipe Smoker

Cheapest Life Insurance Companies for a Cigar, Chew or Pipe Smoker

If you are looking for information on the cheapest life insurance companies for a cigar, chew or pipe smoker then you came to the right place.  This article will show you how to receive the lowest price, even a non-tobacco rate, on your next life insurance policy if you consume smokeless tobacco

Usage

Cigars:

If you are an occasional cigar smoker then you may still qualify for the best rating class depending on the number of cigars you smoke a year.  It’s important to be honest with your agent upfront so they can place you with the right company.  For example, some insures such as (AIG) American General and (ING) ReliaStar allow you to remain eligible for the best rating class and still smoke up to 52 cigars a year, as long as you disclose the usage upfront on the application and test negative (for the urine sample) on the life insurance paramedical exam.  Other carriers such as Protective Life allow 6 cigars over the past twelve months while other carriers like Banner Life allow up to twelve cigars a year and can remain eligible for their best rating class.  Insurers; Prudential, MetLife and Lincoln will allow for unlimited cigar usage and one can still qualify for a non-tobacco (non-smoker) rate.

Popular cigars brands: Cuban cigars, Macanudo, Arturo Fuente, H. Upmann, Ashton, Partagas, CAO, Cohiba, Montecristo, Pardon, Casa Torano.

Pipe:

ING ReliaStar will allow you to smoke a cigar pipe up to 52x (times) a year and still remain eligible for their best rating class.  Companies such as Prudential, MetLife and Lincoln will allow unlimited cigar pipe usage and one can qualify for a non-tobacco rate.

Popular brands of cigar pipes: Savinelli, Peterson, Nording, Castello, Caminetto, Dunhill, Armelenni, Chacom, Radice,

Chew, Dip, Snuff:

Prudential, MetLife and Lincoln allow the unlimited use of these products and still offer a non-tobacco (non-smoker) rate.

Popular brands of chewing tobacco: Copenhagen, Snus, Grizzly, Skoal, Woulverine

Who has the cheapest prices?

Let’s take a look at a $250,000 20-year term policy for a 40-year old male in good health that smokes a cigar or pipe more than once a week and or chews tobacco.

  1. Prudential (Term Essential)- $39.38
  2. MetLife (GLT) $40.41
  3. Lincoln (LifeElements)-$49.40
  4. Transamerica (Trendsetter Super)-$65.41
  5. Banner Life (OPTerm)-$69.78
  6. ING (TermSmart)-$70.88
  7. American General (Select-A-Term)-$72.54
  8. Genworth (Colony Term)-$72.63
  9. North American (ADDvantage)-$73.28
  10. Principal National (Term Insurance)-$83.78

 

Compare Rates

As you can see the best life insurance companies for cigars, chew and pipe smokers offer affordable prices, are highly rated and even offer non-tobacco rates.  Remember, it’s important to disclose the correct usage upfront to your agent so they can place you with the best company.  This will potentially save you thousands of dollars over the life on your policy.