Correlation between Smoking and Life Insurance Premium

Today, with the growing stress at home and at workplace, more and more people are taking to smoking. In addition to this, you find many people who are influenced by the fad of smoking. Smoking has thus become a reality, which few of us can deny. From the point of view of an insurance company, smoking involves a lot of risk. When an insurance company grants life insurance policies, it looks into the health background of the person. If a person is a heavy smoker, the likelihood of him contracting smoking related diseases is very high. Hence, the rates of insurance premium will vary from a non-smoker to a smoker. This way, they are protected from the additional risks of granting a life insurance policy to a smoker. However, if you are someone who have quit smoking, then things may turn in your favor. Life insurance premium for smokers in Canada is generally higher than that for non-smokers.


Another aspect that the life insurance company looks into is how long ago a person has quit smoking. The time when a person quits is very essential and important while deciding the premium that the person is eligible to pay. The effects of smoking last for a long time. Smoking can influence the health of a policyholder very significantly. Hence, the insurance company or the insurance broker will be interested in finding out the time span that has elapsed since the person has quit smoking. Life insurance premium for smokers in Canada is ascertained on the following basis:

  • A person who has quit smoking for a period of more than five years is may qualify under the preferred plus class.
  • A person who has avoided the vice of smoking for a period of three years may qualify under the category as preferred.
  • While a person who has quit smoking since a period of one year or less is categorized as standard class.


The life insurance premium payable by a person depends on the above categories.  Life insurance premium for smokers in Canada may vary marginally for different insurance companies. They believe that a person who has quit smoking for a longer time span is less likely to die due to illnesses related to smoking. Hence, they award lower premium rates to such people who are away from cigarettes for a longer duration. Alternately, they charge higher premium rates for life insurance granted to people who are smokers or have quit smoking very recently. All this will also depend on the health condition of the person in question. In fact, you will have to undergo a thorough health checkup if you have been a smoker for many years. The various reports for tests like blood pressure, cholesterol levels, sugar levels, obesity etcetera will be analyzed and only if the insurance service provider is satisfied that the risk is worth taking, then a life insurance policy will be issued in your name.
Millions of people who have been chronic smokers have tried to lie about the condition while taking a life insurance policy. Hence, the insurers are very cautions in respect of life insurance premium for smokers in Canada.


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  1. Excellent read, I just passed this onto a colleague who was doing some research on that. And he just bought me lunch as I found it for him smile So let me rephrase that: Thank you for lunch! “We strain to renew our capacity for wonder, to shock ourselves into astonishment once again.” by Shana Alexander.


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