Age 40 Non-Smokers Slash Life Insurance Rates
If you're over 40 and a non-smoker, you're in a prime position to slash your life insurance rates, so why not browse options and explore how you can take advantage of these benefits?
Understanding Life Insurance for Non-Smokers Over 40
As you reach the age of 40, life insurance becomes a crucial part of financial planning, especially if you're a non-smoker. Non-smokers are often rewarded with significantly lower premiums compared to their smoking counterparts. This is because insurance companies assess risk based on health factors, and non-smokers typically present a lower risk for health-related issues. Consequently, non-smokers can enjoy more affordable rates, making it an opportune time to search options for the best deals available.
Why Non-Smokers Pay Less
The primary reason non-smokers pay less for life insurance is due to the decreased risk of smoking-related illnesses, such as lung cancer and heart disease. Insurance companies rely on actuarial data to determine premiums, and this data consistently shows that non-smokers live longer, healthier lives. For instance, a study by the American Cancer Society found that non-smokers have a life expectancy that is at least 10 years longer than smokers1. This longevity translates into lower risk for insurers and, therefore, lower premiums for policyholders.