Meet Donna – A Case Study on Affordable Life Insurance for Smokers
Donna is a:
- 44-year-old female smoker.
- Single mother of one.
- Works on the line at automobile parts manufacturer.
Donna wants additional permanent life insurance to complement her group life insurance that would cease to work when she stops working.
She tried to quit smoking on a couple of occasions but the challenges of being a single parent and shift work has made it difficult.
The Solution
- Donna comes to Trust Life advisors.
- She is advised to choose Advantage Plus Participating Whole Life Insurance from Foresters Financial.
- Enhanced Insurance Option comes with $150,000 coverage.
- Monthly premium = $239.64.
- Enhanced Insurance Option ($103,965 Basic with $46,035 Enhanced) provides cost-effective permanent coverage.
- Quit Smoking Incentive Plan provides a reduction in premiums for the first two years giving Donna an added incentive to quit.
- Donna saves $54.74 a month over the regular Smoker rate or $1,313.76 in the first two years.
- In addition to the full death benefit amount, Foresters Charitable Benefit provision will pay an additional $1,039.65 to a designated registered charitable organization.
Get in touch with our advisors today for an affordable smoker’s life insurance plan
Yes, it is possible to get affordable life insurance rates as a smoker – get in touch with our advisors today! Our plans also come with an additional smoker’s incentive plan that provides a reduction in premiums for the first two years giving the smoker an added incentive to quit.
Talk to us today!