Mutual of Omaha could be a good choice for smokers, especially older adults. Its prices for a 20-year term policy for 56-year-old smokers are the lowest we found, at $274 a month on average. Its average price for a 30-year term policy for 41-year-olds ($127 a month) is also beꦐlow average.

Guaranteed-issue policies cost more than fully underwritten plans, but they’re often necessary when health issues disqualify you from other options. Mutual of Omaha policies have a few advantages. You can buy as little as $2,000 in coverage🥃 if you need an affordable option to cover end-of-life costs, and the graded period before full benefits start is two years. If you die before that, your beneficiaries will get all of the premiums you paid, plus 10%. For some competitors, the waiting period is three years.

Mutual of Omaha also lets you apply online, making the process eꦕasier.

One downside is that Mutual of Omaha doesn’t offer as many optional riders to customize your policy,🍸 unlike❀ competitors such as Ameritas and Transamerica.

Mutu🐠al of Omaha was founded in 1909 and is based in its namesake city, Omaha, Nebraska.

Transamerica is a strong choice for smokers looking to save on life insurance. It offers some of the lowest 澳洲幸运5官方开奖结果体彩网:term life insurance rates for🌼 smokers, helping to offset the higher premiums that typically come with n๊icotine use.

A 56-year-old smoker would pay an av🤡erage monthly premium of $251 for a Transamerica 20-year term policy, among the lowest𓄧 rates Investopedia found. Transamerica’s premiums for 26- and 41-year-olds were also well below average. Transamerica had the lowest premiums overall among the companies we reviewed.

Many of its policies also include 澳洲幸运5官方开奖结果体彩网:living benefits at no extra cost, which can be valuable if 🌟you face a serious illness while covered. 

Transamerica’s 澳洲幸运5官方开奖结果体彩网:final expense insurance offers smokers access to coverage without a medical exam and includes options 🌊that pay full benefits immediately. Many final expense policies don’t pay the full death benefit until a two-year waiting period elapses.

However, Transamerica receives many 澳洲幸运5官方开奖结果体彩网:customer complaints for a company of its si꧂ze, a✨nd you can’t apply or get quotes online.

Transameℱrica was founded 🐈in 1904 and is based in Cedar Rapids, Iowa.

Farmers is often a smart pick for 澳洲幸运5官方开奖结果体彩网:older smok꧅💖ers who need life insurance. In Investopedia’s analysis, the insurer offered the most affordable average 20-yea🐎r term life rates for 56-year-old smokers: $250 a month. Th♔e average for the companies we reviewed was close to $300. 

However, Farmers is less appealing for younger smokers, who may find better prices elsewhere. A 26-year-old smoker applying for a 30-year term policy ꦗfrom Farmers would pay about $80 a month. You can pay almost half that price ($44 a month) for a similar policy from Fidelity Life.

Also, we found limited information on policy details, like riders, and Farmers doesn’t 🔯let you apply onli💙ne.

Farmers was founded in 1928 and is ꦑbased in Woodland Hills, California.

Penn Mutual could be a good choice for cigar smokers who are shopping for life insurance. If you only smoke up to 12 cigars per year, you may still qualify for the best possible rates, and even if you smoke a cigar a week, you can still get the same prices as a non-smoker. To get these non-tobacco rates, your lab test must be negative for nicotine.

Penn Mutual also offers some of the lowest term life rates for smokers, especially for older smokers, who can pay an average of $267 a month. In Investopedia’s study, the average monthly premium for 56-year-old smokers w♉as $300. Penn Mutual’s quotes for 26- and 41-year-olds were also below average.

Penn Mutual has a strong record for customer satisfaction, with state regulators receiving fewer complaints than expected for a company its size. The company is also notable for allowing up to $10 million in 澳洲幸运5官方开奖结果体彩网:no-medical-exam coverage–far above the limits set by other companies. However, it’s important to 🧜note that qualifying for no-exam coverage can be tough for smokers, especially if you have health issues.

On the downside, there’s no option for online quotes or applications, and Penn Mutual doesn’t offer final expense policies, an important 𝔉option if you have more serious health problems.

Penn Mutual was founded in 1847 and is based in Pꦦhiladelphia.

Nationwide stands out for its strong 澳洲幸运5官方开奖结果体彩网:living benefits, making it a compelling choice for smokers who worry about future health issues. Many of its life insurance policies includꦅe free riders that let you tap into your death benefit if you’re diagnosed with a chronic, critical, or terminal illness, potentially offering financial relief when you need it most. 

For variable and universal life insurance policies, you can also buy a 澳洲幸运5官方开奖结果体彩网:long-term care rider, which lets you use part of your death benefit to cover long-term care cost♔s. If you don’t use the rider, your beneficiaries still receive the death benefit, ensuring the policy provides some financial support either way. 

Nationwide꧋ has a wide variety of policy types and one of the best selections of riders among the 45 companies ꧑Investopedia reviewed, providing plenty of ways to tailor coverage. It also has a solid reputation, with few customer complaints for a company of its size.

However, Nationwide’s term life r𓆉ates are high for young smokers. A 26-year-old smoker can expect to pay $70 a ꦕmonth for a 30-year, $250,000 term policy with Nationwide, compared to $57 a month with Penn Mutual. Nationwide also lacks online claim processing.

Nationwide was fouꦿnded in𒀰 1926 and is based in Columbus, Ohio.