Life Insurance for Smokers vs. Non-Smokers
Life insurance companies generally classify an applicant as a smoker if he or she has used and form of tobacco during the last 12 months. The difference in premium can be substantial.
In many instances, a smoker will pay double the cost for equivalent coverage than a non-smoker would.
Below is a look at the top life insurance companies at $250,000 of coverage for a 40-year-old male.
We have broken down five different forms of coverage: Term 10, Term 20, Term 30, Term 100, and 20-Pay life insurance.
You can get additional details by contacting us at 1-866-899-4849 or visiting our Instant Online Life Insurance Quote Calculator.
| 40-year-old Male $250,000 | Monthly Premium Non-smoker | Monthly premium Smoker |
| Term 10 | $21.15 RBC Insurance | $42.48 RBC Insurance |
| Term 20 | $35.73 RBC Insurance | $84.60 RBC Insurance |
| Term 30 | $61.20 Unity Life | $139.37 La Capitale |
| Term 100 | $117.50 Manulife | $192.50 Manulife |
| Manulife 20-Pay | $204.13 Manulife | $276.05 Manulife |
Similar Posts:
- Term 100 Coverage versus Universal Life Insurance
- La Capitale Simplified Issue Critical Illness Plan
- Canada’s Best Universal Life Policies
- Buyer Beware: Online Life Insurance Websites and Preferred Rates
- How TD’s 10 Year Term Life Insurance Policy Compares to their Competition
Tags: Insurance, Life Insurance
Write a comment: