Asked by joann  |  Submitted November 20, 2015

I am 55 years old and looking to buy life insurance. I don't have any at this time, and I am a smoker.

My health is average. Which kind of life insurance might be available to me, and how expensive would a small policy be.

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  Answers  |  3

November 24, 2015

Hello Joan,

The first question is What is your purpose of getting a Life insurance? That's the main thing I ask many clients. Many people get it because many people depend on them and they need a income replacement when their gone. Some use it to supplement their own retirement or Long Term Care. Some only final expenses. Many insurance company still approved client that are smoking but again depend on how much you smoke. Sometime if you quit smoking company still can give you good rates.

I always tell people that, everybody needs insurance to replace or cover the gap in their life. But always need to be affordable and right purpose.

$commenter.renderDisplayableName() | 01.22.17 @ 03:54

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November 24, 2015

Hi Joann,

The cost of an insurance policy can vary significantly depending on the insurance company. Some are more friendly toward smokers than others. However, if people are depending on you being around, then you probably need life insurance. Your typical life insurance agent will represent many insurance companies - actually, I can't think of a good reason to work with an agent who can only represent one company. A good agent will work hard to get you the best policy possible to meet your needs, including price.

$commenter.renderDisplayableName() | 01.22.17 @ 03:54

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March 31, 2016

Joan, your age, health and budget really are what determine the type of life insurance you should be looking at. The two basic types of coverage are Term and Permanent. You should work with an independent agency that offers multiple companies in order to find the best deal. :)

$commenter.renderDisplayableName() | 01.22.17 @ 03:54

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