Finding the right life insurance for cigar smokers can be a little tricky. Rates are often a barrier, but they don’t have to be. There are life insurance companies that offer cigar smokers a range of benefits. This includes standard, non-tobacco rates. Cigar Life Guy® can help you find the right policy, but we understand if you’re still contemplating it.
Below are our best answers to several frequently asked questions. If you’ve got a burning question not addressed below, call us today to discuss your situation further.
What are the best life insurance companies for cigar smokers?
There are at least three top-rated, A+ life insurance companies that offer standard non-tobacco rates to regular or daily cigar smokers . Your lab tests can show positive results for cotinine. This is the biomarker in your blood, urine or saliva for nicotine. If you smoke more than one cigar a week, these three, top-rated life insurance companies are excellent choices. One of the three life insurance companies offers you rates up to standard plus. Yet, it’s really a wash because they price their standard plus rate like a standard rate. To be clear, you have access to their full lineup of products. This includes term, permanent, indexed universal life, and etc., not just a single product.
How can cigar smokers get preferred rates from life insurance companies?
If you smoke one cigar per week or less, there is at least one company that will offer best rates (e.g. “Preferred” or better). But, your lab results must be negative for cotinine. There are a whole host of companies that offer smokers who smoke 6-24 cigars per year the best rates. Again, you must test negative for cotinine. In all cases, you’re required to provide a full disclosure of your use on the application.
Why doesn’t Cigar Life Guy® disclose the names of these life insurance companies and the policy details online?
Cigar Life Guy® doesn’t identify the names of life insurance companies or their underwriting practices for several reasons.
Things are always changing
Life insurance companies own their underwriting practices not Cigar Life Guy®
Life insurance companies aren’t marketing to consumers about special rates for cigar smokers
The life insurance companies’ abilities to promptly turnaround your application and make you an offer varies. And, this changes from month to month
At any time, Cigar Life Guy® may not recommend using one specific company regardless of its financial strength or favorable treatment of cigar smokers. Tobacco use is one criterion in the health and lifestyle picture that life insurance companies look at. How they treat other aspects of your case influence the company’s recommendation. If you’re applying for life insurance through Cigar Life Guy®, you’ll know the name of the company you’re applying with. But, we don’t publish this information for the general public.
Do you work with or do policies for non-smokers as well?
Absolutely! You get the same underwriting experience. You get the same product knowledge and the same customer service. Share the love and peace of financial protection afforded to you by life insurance. Tell your non-smoking friends and family.
Why do cigar smokers get charged more by some companies?
That’s a good question and it all comes down to science. The scientific evidence of the impact smoking tobacco products has on life expectancy is well known. This really isn’t up for debate. Yet, some companies take the easy way out and lump all tobacco or nicotine use together. Other life insurance companies recognize the type and frequency of cigar nicotine use varies. So, they adjusted their guidelines for pricing. This accommodates some situations, like cigar smoking. This isn’t to say that cigar smoking is healthy or that you should start smoking cigars. Yet, if you already smoke cigars, then you can at least go with a life insurance company that will treat you right.
Can I still get life insurance if I have health problems? Will it be expensive?
We’ll answer this two-part question with one answer at a time. Can you still get life insurance if you have health problems? The answer is yes, you may still qualify. Most cigar smokers can qualify for some type of life insurance. Cigar Life Guy® can help you determine which type of life insurance will work best for you.
Now, will you like the price? That depends. Cigar Life Guy® believes in keeping it real and letting you know where you stand. Many health conditions, like high blood pressure and high cholesterol, aren’t a big deal. That’s assuming they’re well-controlled, even if you are on medication. Diabetes isn’t usually too big of a deal, but it depends on your age and how well-controlled it is. Now, heart conditions and cancer are a big deal, but, again, each situation differs. For some of these more serious health concerns, it comes down to how long ago they were a problem for you. Life insurance companies view a recent heart event different from one that happened 20 years ago. We realize this sounds vague, but every situation is unique. If you’re 50 or over and just looking for a small final expense policy like burial insurance, guidelines are more relaxed. Many health conditions are no big deal.
Which life insurance companies are the best for marijuana users?
Guidelines for marijuana users are wilder than for cigar smokers -and that’s saying something. Cigar Life Guy® stays on top of this too, particularly for key companies. Much like the cigar situation, the important thing is to be upfront about your use.
How often are you using?
Is it smoked or edible?
Is it for recreational or medical use?
If it’s medical use, do you have a paper trail from the doctor supporting this?
Tip: Go with a company that is most favorable to your use and frequency.
A couple of themes from some recent conversations with senior underwriters is that the state you’re in and the “legality” in that state doesn’t matter. Why? All marijuana use is still illegal at the federal level. Daily or almost daily recreational use is still frowned upon. Yet, if you use marijuana only a couple of times each week, it’s not that big of a deal. Again, make sure you go with the right company based on their current views on marijuana use.