Smoking And Life Insurance

When it comes to California life insurance and cigarette smoking, the carrier with the best value or type of coverage cannot be predicted. Though rates for smokers are always higher than non-smokers, they become even more increased as the smoker ages. Age and sex play a essential role in determining which carrier is the best.

What should you disclose when it comes to your smoking habits? The short answer is to always tell the truth. Two drugs that insurance companies will always test for are nicotine and cocaine. These are very sophisticated tests and can tell the difference between current use and second hand smoke. Remember that more often than not, there is a two year contestability clause per policy that handles fraud in the application.

Will any organization give non-smoker rates to smokers? Some carriers will give smokers a reason to stop smoking by allowing premiums at a standard non-smoker rate for three years. This is only on permanent policies. If you’ve stopped smoking within those three years, you may proceed with the lower premium, or else the rate will increase to smoker rates.

Not every insurance company considers cigar or pipe smokers to fall into a smoker’s category, and there are drastic differences. This also applies to those trying to quit smoking through the use of a nicotine patch.

If a smoker remains nicotine-free after one year, most insurance companies will allow them to obtain a non-smoker rating, which can improve with time. A good agent will discuss your smoking history in detail prior to suggesting the best value for your needs.

In my experience, more smokers than not want to stop. In order for a previous smoker to quality for term insurance at non-smoker rates, they need to have been nicotine-free for a minimum of one year. If you have recently quit, tell your physician and discuss an appropriate notation being made in your record.

If you find yourself in this situation, you may want to consider purchasing a 10 year term policy. This policy is often less expensive than a shorter term one, and there is no reason to pay for a longer guarantee.

Do not forget that a couple of years down the road, you will most likely be able to get a better rating with a lower premium, despite the fact that you are older. Therefore, there is no reason to pay for a longer guarantee on a policy you plan to replace, in most cases.

Leonard Robbins has been a California life insurance agent helping smokers obtain the best in service and vaule for their premium dollars. Contact him at LifeNet Insurance Solutions for more information.

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