|
Looking
for smokers life insurance?
You probably know that the
great rates advertised by many term insurance carriers don’t
apply to you if you smoke. The fact of the matter is that
insurance companies see two types of people: smokers and
non-smokers.
If you smoke one cigarette a
week you will be in the same insurance premium class as
someone who smokes a pack per day! If you smoke more than 20
cigarettes a day you will pay even more. The premium rates
for smokers can easily be two to three times the rates for
non-smokers. The fact is, smokers always pay more than
nonsmokers for life insurance. But by buying smokers
insurance through our sources, you can get quality term life
insurance for less - a lot less - than you might think.
Why is it
so much more expensive? Through research
and medical studies, insurance companies believe that
smoking increases the risk of premature death. Smoker's
Insurance allows tobacco user's to get a free online quote
and request application for quality term life coverage. You'll usually fall
into a preferred tobacco user category if you are at a
healthy weight, have a low cholesterol level and good blood
pressure. Someone who smokes or uses chewing tobacco but is
otherwise healthy should look for an insurer that
differentiates between "standard" and
"preferred" tobacco users.
In
order to determine whether you're a tobacco user or not,
virtually every life insurance company gives you a test that
measures the amount of cotidine -- the major by-product of
the body's absorption of nicotine -- in your urine or
saliva. If the test is above a certain cutoff level, the
individual is considered to be a tobacco user and is offered
coverage at smoker rates. Though the staggering price difference
between policies for smokers and nonsmokers might tempt some
to lie about their habit, it's really not a good idea.
Should you die and your heirs file a claim, the insurer
could refuse to pay if your smoking history comes to their
attention.
If someone quits, they can request a policy
change. Generally it is required that a person hasn't used tobacco in the past 12
months. For cigarette smokers, you will need to be
smoke-free for at least one year before you can qualify for
a standard non-smoking rate and two years to qualify for a
preferred non-smoking rate. Most non-cigarette tobacco users
can qualify for a preferred non-smoking rate after just one
year of being tobacco-free. More and more information is
being gathered in health studies to show that ANY use of
tobacco products increases the mortality risk. It is
possible that within a few years, all insurance companies
will consider tobacco use in any form and in any amount
grounds for a "smoker" designation. It's often hard
for smokers to get great life insurance because of the
inherent risk of smoking. However, there are options. Even
if you smoke cigarettes, cigars, or a pipe or chew tobacco
you could still be eligible for great rates for life
insurance for smokers. Insurance rates are based on types of
tobacco products consumed. They're also based on how long it
has been since you quit smoking. It's even possible to get
non-smoker rates if you are a social cigarette smoker, pipe
smoker, cigar smoker or if you chew tobacco.
|
