Reduced Life Insurance Rates for Smokers

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Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites...

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UPDATED: Feb 25, 2020

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Not many would argue that smoking is bad for your health. That’s akin to saying water is wet or the sun is hot. The following fun facts help make the point for those with any lingering doubts:

  • Cigarette smoking has been identified as the most important source of preventable morbidity and premature mortality in the United States and the world.
  • Smoking-related diseases cause an estimated 440,000 American deaths each year.
  • Smoking costs the United States over $150 billion annually in health care costs.

Life insurance companies are well aware of the hazards of tobacco/nicotine use, and the premiums they charge customers who use these products reflect this. The following chart shows the difference between non-tobacco and tobacco premiums charged by one life insurance company.




Non-Tobacco Rate


Tobacco Rate


% Difference


Male/36/$500k/ 10 yr








Female/46/$1M/ 20 yr








But alas, there is good news for tobacco/nicotine users. Banner Life Insurance Company recently announced reduced rates for tobacco/nicotine users. And, RBC Liberty Life Insurance Company continues to offer some of the most competitive tobacco rates in the life insurance industry.

Tobacco/nicotine users can view these new rates here. And if the statistics listed earlier aren’t scary enough, check out the lovely image hidden in the cigarette smoke in this blog picture!


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