Car Insurance in Oklahoma

Reader’s Question:

I just want to ask why life insurance here in Oklahoma costs so much for smokers. Can anyone help me out with this?

Carl

Lawton, OK

Hi Carl. It is quite unfortunate that smokers life insurance tends to cost more than life insurance for non-smokers. I guess the best way to explain this is by letting you in on how insurance companies do their business.

You see, for insurance companies to earn money, they have to make sure that the number of insured clients they have that make a claim on their insurance policies are less than those that do not make a claim. If it was the other way around, then they will be shelling out more money than they have coming in.

For them to sell smokers life insurance, they have to balance out the risk that their insured will make a claim on their policy with their need to earn more money by getting more clients. Thus, the higher insurance premiums for smokers.

Still, there is hope for the smokers out there. There are certain companies that specialize in getting good insurance rates for smokers life insurance. Also, some smokers who only smoke occasionally can even be considered for non-smokers life insurance with other insurance companies. This will of course depend on the insurance companies policies. My suggestion is you find yourself a reliable agent in Lawton, Oklahoma who can assist you in finding the product that will best suit your insurance needs.

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