Mar 20
FACT: Smokers Pay More for Life Insurance
On average, a smoker will pay up to 3 times as much for life insurance per year than that of a non-smoker. Take for example a 40 year old man. He would pay just $335 per year for a 20-year level term life insurance policy with a death benefit of $500,000. If that same guy was a smoker, he’d pay $1385 for that same exact policy.
Why? Because people who smoke have an increased risk of heart disease, breathing disorders and certain cancers, to name but a few illnesses.
So if you’re thinking of giving up smoking, here’s another reason for doing so.
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