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In Today’s Article I’ll Discuss How To Find The Best Burial Insurance For Tobacco Users
Since getting my life insurance license in 2011, I’ve met thousands of tobacco users. And many of these smokers worry about the price they will pay for their burial insurance.
However, while tobacco usage causes higher prices, working with the right agent minimizes the actual price you’ll pay for your burial insurance. Who wants to pay more than necessary, right?
Here’s what we’re going to discuss in today’s article.
First, we’ll talk about qualification concerns tobacco users faces when searching for affordable burial insurance.
Next, we’ll discuss examples where tobacco use could qualify for rates non-smokers pay. Read below to discover if you may qualify for non-smoker rates.
Here’s An Overview Of Today’s Topics:
- Tobacco Users – Avoid These Burial Insurance Products!
- How To Secure The Best Rates For Tobacco Users
- Burial Insurance Rates, Age 40 to 90*
- What’s The Reason To Pay More Than You Have To?
Tobacco Users – Avoid These Burial Insurance Products!
First things first. Make sure when getting a quote for burial insurance that you avoid “guaranteed acceptance life insurance,” or “no-questions asked life insurance.”
While premiums may seem competitive, the truth is those plans do not give first day full coverage. What does this mean? If you die within the first two years of the policy, your beneficiary does not receive the full death benefit.
Actually, the beneficiary only receives premiums paid back plus interest. That’s horrible!
Look at it this way. If you die of natural causes twelve months into your guaranteed acceptance life insurance plan, your beneficiary may only receive several hundred dollars back. And this is not enough to properly pay for a burial.
What should you do? Make sure that you work with a broker.
Brokers shop a variety of competitively-priced burial insurance companies. This gives you much better odds at both high-quality, full-coverage burial insurance, all at a competitive price.
What If I Smoke And Have COPD?
Those with a COPD lung diagnosis could qualify for first-day full coverage with some burial insurance companiesSometimes, smokers have a COPD diagnosis. Moreover, they are concerned their diagnosis eliminates eligibility for quality insurance.
Here’s the good news. When working with a broker, you can commonly find first-day full coverage. Even if you have a diagnosis of COPD, bronchitis, emphysema, or lung disease.
Unfortunately, many companies you see on TV and in the mail force you to wait two years before fully protecting you against natural causes of death. Increase your chances of avoiding this and work with a broker.
What If I Smoke Cigars?
Historically, cigar smokers have an easier time of qualifying for life insurance coverage than smokers. While not always the case, cigar smokers can qualify for preferred non-tobacco rates more often the not.
At Buy Life Insurance For Burial, we work with carriers that rate cigar usage at non tobacco rates.
In many circumstances, we have saved clients hundreds of dollars a year on their life insurance. How? Because we work with carriers that view cigar smokers as having less serious health consequences, compared to cigarette users.
Also, frequency of cigar smoking doesn’t matter. Moreseo, the cigar smoker can smoke daily, and he’ll still qualify for non-smoker rates.
What If I Dip Or Chew Tobacco?
Perhaps it’s because I live in the Southeast, but I commonly run into people who chew tobacco or dip snuff. And many worry they cannot afford higher premiums associated with tobacco usage.
How To Secure The Best Rates For Tobacco Users
First, make sure you’re working with a broker. This gives you the most assurance you’re getting the best price for your burial insurance as a tobacco user.
Second, pricing for burial insurance on smokers range wildly. I’ve seen pricing differences on burial insurance premiums of $40 to $50 a month. And these are for identical plans.
Burial Insurance Rates, Age 40 to 90*
Rates For $5,000 In Burial Insurance
Rates For $10,000 In Burial Insurance
Rates For $15,000 In Burial Insurance
Rates For $20,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
What’s The Reason To Pay More Than You Have To?
If you’re interested in learning more about what burial insurance options you can qualify for as a tobacco user, please request a quote, or give us a call. We’re happy to help!