Welcome to Quotacy’s Q&A Friday where we answer your life insurance questions. Quotacy is an online life insurance broker where you can get life insurance on your terms. I’m Jeanna and I’m Natasha. Today’s question is: what will I pay for life insurance if I smoke cigarettes? If you smoke cigarettes, it doesn’t matter how many per day, the insurance companies will give you what is called a tobacco risk class. Here’s what that means. In the life insurance industry, your policy premiums are determined by what risk class you’re given. Life insurance risk classes are broken up into two broad groups: non-tobacco and tobacco. Even if you can make a pack of cigarettes last an entire month, you’re going to be put into a tobacco category. So unless you quit smoking cigarettes for at least 12 months you can say bye-bye to the non-tobacco risk classes. Now that you’ve come to terms with the fact that you’re going to get a tobacco risk class let’s continue to break down how insurance companies determine the price of your policy. In the tobacco risk class category, there are two subcategories: preferred tobacco and standard tobacco. Contrary to popular belief, these two risk class subcategories actually have nothing to do with how many cigarettes you actually smoke. If you’re extremely healthy and smoke a pack a day, you could receive a preferred tobacco risk class. And the other side of the spectrum, you can make a pack of cigarettes last an entire week, but if you have a health condition or a lifestyle risk factor in addition to being a cigarette smoker, you’re going to be placed in the standard tobacco risk class. In order to qualify for preferred tobacco over standard tobacco, applicants need to meet certain criteria. Every insurance company is different, but as an example, an insurance company may give an applicant preferred instead of standard if he or she can meet three of the following six factors: You have a cholesterol HDL ratio of 4.5 or less, you’ve had a cardiac arrest test within the past two years with normal values, both of your parents survived to at least 75 years old and no siblings have had cancer or cardiovascular disease prior to age 60. You portray healthy lifestyle habits, such as annual doctor checkups and participate in regular exercise programs, your liver test results are below 30, and for applicants 60 years or older, your heart failure test is under 100. And as a side note, many of these values are discovered during the life insurance medical exam, so don’t worry if you don’t know your specific numbers when you’re applying for life insurance. Being able to qualify for preferred tobacco over standard tobacco, can actually save you quite a few dollars each month. This chart shows the difference in monthly pricing for preferred tobacco versus standard tobacco. These are real prices from real life insurance companies. And as you can see, the price difference at insurer D between preferred and standard tobacco is a difference of almost $100 a month. If you’re a smoker, apply for life insurance through an independent broker like Quotacy. And this is why. Not all life insurance companies even offer preferred tobacco as an option. Some only give out standard tobacco if you smoke cigarettes no matter how healthy you are otherwise. Also, like we mentioned before, each life insurance company has their own criteria for what qualifies for preferred tobacco instead of standard tobacco. Independent life insurance brokers are not legally bound to any one particular life insurance company. When you apply through Quotacy, your agent will see that you’re a cigarette smoker. They’ll also consider the other factors you list on your application. For example, maybe you’ve never had any driving incidents and perhaps you don’t drink alcohol, these are two positive factors that can help your case to qualify for preferred tobacco instead of standard. Your Quotacy agent can anonymously shop your case with all of our insurance companies and find out which one will give you the best offer. If you apply directly to one insurance company or a captive agent who only works with one insurance company you’re kind of stuck with whatever risk class that company’s guidelines put you in. Maybe through a different company you would qualify for preferred but that specific insurance company doesn’t even offer it. Going through a life insurance broker is your best bet for finding the best possible price. Thanks for watching. If you have any questions about life insurance, make sure to leave us a comment. And if you have any questions regarding today’s topic, check out the blog link posted below. And if you’re ready to get quotes, check out Quotacy.com. We’re here to help you find the best deal on the life insurance you want. Bye! Thanks for sticking around. We’d appreciate it if you Liked the video and hit that fancy little Subscribe button to see us every week. Bye!