Question

The average smoker typically pays 15% higher life insurance costs than the average non-smoke. If the monthly cost to a non-smoker is $500 dollars per month, how much would the average smoker pay per month for the same life insurance policy?

Answer 1

$600 for a smoker

Explanation:

On average, smokers will typically pay 15-20% higher premiums than non-smokers with equivalent demographics and health conditions. If the monthly premium for a non-smoker is $500 per month, it will be upwards of $600 for a smoker. The health insurance companies face a double-edged sword when it comes to insuring smokers.