Tobacco Smoker Life Insurance

Smoking has many negative health aspects and can result in serious illnesses such as heart disease, cancer, emphysema and hardening of the arteries. Most insurance companies have higher life insurance quotes for smokers than for non-smokers. Because of the competitive markets, some insurance carriers have affordable rates. Some will consider you a smoker even if you wear nicotine patches or chew tobacco.

The best tobacco smoker life insurance is the 10-year level term policy, because it is cost effective and provides coverage while you are trying to quit nicotine. When it expires, it can be transformed into a whole life policy or renewed. If you develop a medical condition during the 10 year term, you can apply for a permanent plan without being asked for a medical examination.

Most companies define a smoker as a person that has used nicotine in the last few years, usually 1 to 3. They have very specific questions, because any form of nicotine use can classify an applicant as a smoker. “Have you used a tobacco product in the last 12 months?” is a common question. The use of cigarettes, cigars, chewing tobacco and even nicotine gum and patches can qualify you for a tobacco smoker life insurance. Some companies can give non-smoker rates for limited cigarette use, pipes, patches and gum.

Insurance carriers usually don’t differentiate between a regular smoker and an occasional smoker, because they consider that the health risks are the same. You can be classified into several categories that vary from one insurance company to another: preferred, preferred plus, standard and standard plus. A non-smoker can be classified into the same category as a smoker based on health risks, but the smoker will have premiums that are more expensive.

Many people think about hiding the fact that they use nicotine so they can avoid a tobacco smoker life insurance. This can have severe consequences and is considered insurance fraud. Even if you pass the medical exams, the company can learn about the fact that you were a regular smoker and deny life insurance claims. If an individual refuses a smoker policy and applies to another company, the two can access medical records that are kept in the database for seven years.

If you are looking for an affordable tobacco smoker life insurance, work with an agent that has experience and can find the best deal. It is important to know that some companies charge less if you quit, so it is better to wait for a couple of years before applying. Other insurers will assume that you won’t return to tobacco use and offer a non-smoker insurance quote.