Smokers Life Insurance Rates Tampa Florida FL
Reader’s Question:
Is it true that I am paying my life insurance provider here in Tampa, Florida, by being a smoker?
Kevin
Tampa, FL
On average, those who smoke pay three or four times more on life insurance rates and premiums than non-smokers annually. So smokers like you are charged more due to the inherent risks associated with tobacco and cigar use. For example, for a policy of $500,000.00 worth of “Face Value” or the amount a life insurance company agrees to pay your beneficiaries in the event of your untimely demise, a non-smoker can get a monthly rate of $27 – $30 while a smoker may be charged from $60 to $70 for the same kind of life insurance policy. Doing the numbers with these figures and you probably already have an idea how much those packs of cigarettes are costing you on an annual basis, and that’s not including the estimated thousands of dollars an average smoker will be spending for medication or treatment due to smoking-related illnesses by the time they hit their senior years.
So if you can, quit smoking as soon as possible, your life insurance provider there in Tampa, Florida would probably encourage you from quitting by agreeing to lower your rates within two or three years that and you have managed to stay clean. If you are tagged as a smoker under your policy, it is recommended that you get in touch with your provider to see exactly what rates they can provide you, and when, for quitting smoking.
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