Smoker term life insurance is available online for those who qualify, you need to be in fairly good health. Because of the great campaign against cigarette smoking insurance carriers have created different rates for people who smoke. Premiums are lower for most people as a result, those who smoke pay a little more.

It is believed that smoking can cause heart disease and lung cancer. If you smoke you are not expected to live as long as a non smoker. You can still get a policy if you are fairly healthy but the premiums will be higher.

Term insurance is quite popular these days so let us look at the types of term policies available online without your having to do a medical exam. The plans offered by most online carriers are 10 year, 15 year, 20 year and 30 year term. Most companies avoid the 5 year term plans and the 25 year term policies for some reason. It could be that these don\’t sell very well.

Let us now take a look at each plan and see how they would fit your particular needs. Smoker term life insurance is available for all these plans.

10 Year Term Insurance

This plan has a level death benefit and level premiums for the duration, they never increase or decrease. It is used for short term needs, death benefit usually payable in a limp sum or it can be paid in income form.

15 Year Term Insurance

This is also a popular policy with level premiums and death benefits. Again for a fairly short period of time. All ages buy this policy, some people convert to permanent insurance later on.

20 Year Term Insurance

For some reason many people select 20 year term insurance, 20 years seem to be a good long period I think. It also has level death benefit and level premiums with a conversion period in some cases. You just got married or had an addition to the family, you want to fund a buy-sell agreement with life insurance, these are reasons to buy the 20 year or 30 year term.

30 Year Term Insurance

More people are selecting this policy as time goes by. Life insurance is quite important to most intelligent people, why not a level term policy.

Riders

If you opt to add riders you may. For a minimal additional premium you can add the waiver of premium rider to your smoker term life policy. This rider provides that if you should become disabled your premiums will be waived, you must be disabled for a minimum of 6 months.

You may also add an accidental death benefit rider, otherwise known as a double indemnity rider. This rider pays an additional amount equal to the face amount if you die in an accident. The premium for this rider is also minimal.

You need life insurance whether you smoke or not, one of these plans may fit your need. You can get them online and get them instantly. Keep in mind that smoker term life insurance costs a little more though.

For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. His advice is invaluable. Donald\’s website is: Life Insurance Hub Also see: Life Insurance Answers

For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. His advice is invaluable. Donald\’s website is: http://www.lifeinsurancehub.net Also see: http://www.life-insurance-answers.net

Author Bio: For more than 40 years Donald has been known for his extensive knowledge of the life insurance business. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. His advice is invaluable. Donald\’s website is: Life Insurance Hub Also see: Life Insurance Answers

Category: Finances
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