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, ꦆat $274 a month on average. Its average price for a 30-year term policy for 41-year-olds ($127 a month) is also below 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 i🎀s three years.

Mutual of Omaha also lets you apply online, making the proꦯcess easier.

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

Mutual of Omaha wasꦐ 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开奖号码历史查询:term life insurance rates for smokers, helping to offset the higher premi🧔um⛦s that typically come with nicotine use.

A 56-year-old smoker would pay an average monthly premium of $251 for a Transamerica 20-year⛎ term policy, among the lowest 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开奖号码历史查询:living benefits at no extra cost,🥀 which can be valuable if you face a serious iꦦllness while covered. 

Transamerica’s 澳洲幸运5开奖号码历史查询: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 unt♔il a two-year waiting period elapses.

However, Transamerica receives many 澳洲幸运5开奖号码历史查询:customer complaints for a company of its s✃ize, and you can’t apply or get quotes online🍌.

Transamerica was founded in 1904 and is ✤based in Cedar🍷 Rapids, Iowa.

Farmers is often a smart pick for 澳洲幸运5开奖号码历史查询:older smo🐲kers who need life insurance. In Investopedia’s analysis, the insurer offered the most affordable average 20-year term life rates for 56-year-old smokers: $250 a month. The average for the companies we re🃏viewed was clos🔯e 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 from Farmers would pay about $80 a mo෴nth. 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 F🤪armers doesn’t let you apply online.

Far﷽mers was founded in 1928 and is based in Woodland Hills, Californ♈ia.

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-o💙ld smokers was $300. Penn Mutual’s quotes for 2✃6- 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开奖号码历史查询:no-medical-exam coverage–far above the limits set by other companies. However, it’s imp🌸ortant 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 option if you have more serious health problems.

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

Nationwide stands out for its strong 澳洲幸运5开奖号码历史查询:living benefits, making it a compelling choi⛄ce for smokers who worry about future health issues. Many of its life insurance policies include 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开奖号码历史查询:long-term care rider, which lets you use part of your death benefit to cover long-term care costs. 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 an🤪d one of the best selections of riders among the 45 companies Investopedia reviewed, providing plenty of ways to tailor coverage. It also has a solid reputation, with few customer complaints for a company o🗹f its size.

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

Nati♏onwide🅷 was founded in 1926 and is based in Columbus, Ohio.