Life insurance for a man in his 30s can expect to pay about two to three times as much for
a policy than a nonsmoker.
Not exact matches
New York Life's simplified issue term life insurance
policies are cheaper
than Globe's for
nonsmokers and, at some ages, smokers too.
Most buyers of simplified issue term life
policies will be better off with New York Life because of its lower prices for
nonsmokers, and smokers at some ages, and because it garners many fewer complaints
than Globe, compared with its market share.
For example, it will typically cost less to insure a 30 - year - old
nonsmoker in good health for a 20 - year term and a $ 200,000 death benefit
than it will to provide the same
policy to a 45 - year - old smoker with ongoing health issues.
While it is true that, on average, if you are seeking life insurance as a smoker, you will pay more for coverage — about four times more
than nonsmokers — almost every lifestyle choice, budget, age, and health condition has its
policy.