(PRWEB) December 10, 2013
Since smokers face a higher risk of developing terminal illnesses they need a life insurance policy to financially secure their loved ones. Although smokers need life insurance more than other people, they also have to pay more for it as premiums are negatively affected by smoking. Due to the numerous health problems associated with smoking, agencies will sell plans at higher costs to smokers.
Smoking reduces the lifespan as well as the well-being of a person, two things which can result in losses for an insurance agency. An agency aims to insure people who aren’t a risk to the company. An insurance agency puts potential clients in several risk categories, based on which the rates are determined. Smokers are put in a risk category due to the many dangers associate with smoking. This means that a smoker will not be able to get the best rates and will have to settle for more expensive premiums.
The cost increase associated with smoking is very high, warn Online Insurance Marketplace. The online insurance brokerage website states that smoking can make life insurance premiums two, three or four times more expensive and usual. Insurance companies do not differentiate between active smokers, passive smokers and occasional smokers. which means that all of them can receive the same rates, even though a pack-a-day smoker is exposed to more health risks than an occasional one.
Online Insurance Marketplace recommends no medical exam life insurance which can help smokers find coverage without having to take any medical tests.
“By purchasing no medical exam life insurance, smokers have access to comfortable life coverage suitable for their financial needs!” said Russell Rabichev, Marketing Director of Internet Marketing Company.
Online Insurance Marketplace is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://affordablequoteonline.com.