Smoker Whole Life Insurance Rates for Canadians

Lowest Premium Quotes for Tobacco Users Compared

Jan 14, 2010
Daniel Workman

Empire Life Smoker Rates for Whole Life Coverage - nathan_baron (Flickr)

Smokers can expect to pay more for whole life coverage, but that is also why tobacco users should shop for whole life policies with the most economical rates.

When compared to rates for male and female non-smokers of the same age, average whole life insurance premiums for 45-year-old smokers are:

46.5% higher for Canadian men, and
35% more expensive for Canadian women.

By shopping around for the most competitive whole life insurance rates, smokers can save more than 71% on their annual premiums. The Term4Sale website for Canadian residents enables smokers to compare the lowest premium quotes by insurance carrier.

Below are the lowest annual premiums available to Canadian smokers per $100,000 of whole life coverage. Rates are organized by specific attained ages and gender. Include are the names of the life insurers underwriting the whole life coverage. Dollar amounts shown are in Canadian currency.

Smoker Definition

A smoker means anyone who has used any form of tobacco, marijuana, hash, nicotine products or nicotine substitutes in the past 12 months.

Whole Life Rates for Canadian Smokers Age 25

Based on the lowest rates from 17 life insurers on the Term4Sale website, the average yearly premium for male smokers age 25 is $687 per $100,000 of whole life coverage.

Below are the top 5 insurers quoting the lowest annual rates for Canadian male smokers.

Empire Life … $531 fixed annual premium
La Capitale … $554.80
L'Excellence Life … $563
La Survivance … $581
Desjardins Financial Security … $642.

The average year rate for female smokers residing in Canada is $549, an amount 25% less than the male smoker rate.

Empire Life … $428 fixed annual premium
La Capitale … $428.45
La Survivance … $435
L'Excellence Life … $449
Industrial – Alliance Life … $507.

Whole Life Rates for Canadian Smokers Age 35

The average male smoker rate is $1,045 for a $100,000 whole life policy sold at age 35.

L'Excellence Life … $832 fixed annual premium
La Capitale … $841.70
Empire Life … $855
La Survivance … $901
Unity Life of Canada … $935.

At age 35, the average female smoker premium at $835.51 is also 25% less expensive than the corresponding male rate.

L'Excellence Life … $636 fixed annual premium
La Capitale … $638.40
Empire Life … $650
La Survivance … $665
Unity Life of Canada … $810.

Whole Life Rates for Canadian Smokers Age 45

The average whole life smoker rate for 45-year-old Canadian men is $1,819.

L'Excellence Life … $1,489 fixed annual premium
Empire Life … $1,515
La Capitale … $1,571.30
Unity Life of Canada … $1,583
Standard Life Assurance … $1,650.

The gap in yearly premiums for male and female smokers widens at age 45, with middle-age women paying $1,374.45. That amount is 32.3% lower than what male smokers pay.

L'Excellence Life … $1,078 fixed annual premium
Empire Life … $1,114
La Capitale … $1,135.25
La Survivance … $1,148
Standard Life Assurance … $1,247.

Whole Life Rates for Canadian Smokers Age 55

The average annual smoker premium is $3,189 for men.

Empire Life … $2,715 fixed annual premium
L'Excellence Life … $2,753
La Survivance … $2,789
La Capitale … $2,906.05
Assumption Mutual Life … $2,943.

The average annual rate for female smokers age 55 is $2,303 or 38.5% less expensive than for men.

L'Excellence Life … $1,923 fixed annual premium
La Survivance … $1,925
Empire Life … $1,926
La Capitale … $2,058.65
Assumption Mutual Life … $2,107.

Whole Life Rates for Canadian Smokers Age 65

Canadian male smokers age 65 qualify for an average annual premium of $5,440.

Empire Life … $4,408 fixed annual premium
L'Excellence Life … $4,639
BMO Life … $4,820
La Capitale … $4,845
Assumption Mutual Life … $4,974.

Canadian female smokers age 65 qualify for an average annual premium of $3,972.

Empire Life … $3,167 fixed annual premium
L'Excellence Life … $3,281
BMO Life … $3,478
La Capitale … $3,489.35
Assumption Mutual Life … $3,504.

Whole Life Rates for Canadian Smokers Age 75

Despite higher mortality rates, it is possible for lifelong smokers in their seventies to buy a whole life policy. The average annual rate for a male smoker age 75 is $8,936.