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Older Male Smokers Charged More for Life Insurance

Old Man Smoking

Source: Juanmonino/E+ via Getty Images

Life insurance is getting costlier for men 55 and older who smoke.

That demographic saw the biggest increases for life insurance policies from September to October, with average premiums rising between $6.12 and $12.56 a month, according to an index from Policygenius. The prices are based on actuarial rate tables for 11 life insurance carriers offering policies through the online brokerage.