More often than not, underwriters would not be in favor of smokers who seek protection. The rationale behind this is not that hard to understand. This bad habit, especially when it is done chronically, can lead to many different life-threatening illnesses; therefore, it can shorten one's life expectancy to a large extent. This will badly affect the insurers' profits as they would have to pay out the death benefit too soon. The number of people who smoke has increased over time. In order to address this problem and to cater to the market's changing needs as well, smoker insurance plans were formulated. As the name suggests, it markets to people who are not that willing to turn their backs on smoking or even lessen tobacco intake.
Generally, the mentioned plan work almost the same with the others. However, it provides more freedom when it comes to the underwriting process. The insurance firm will not make quitting smoking as a condition in granting your request to be given protection. It will not bother them if you are smoking constantly. It can only be better though if you are still free from any illness that is caused by such bad habit. You may be required to answer several questions that concern how frequent you smoke although it will only be for recording purposes. In more ways than one, this policy is pretty much the same as no medical exam life especially in terms of the perks that they can offer the prospective plan holders.
Why is the premium different for a smoker? It is essential for the company to gauge the risk factor. In case of smoking, there can be many hidden problems related to health. Hence, the quote is based on these risk areas so that the company is able to give you the very best and a proper rate. It is true that the premium is higher for smokers but it is better than not having any kind of insurance. If you think you cannot afford the premium, then it is best to collect quotes and then go for the lowest quote that is surely good as per your budget. People need insurance and so do smokers and hence it is not good to delay the same.
Here are some of the perks of insurance policies that are intended specifically for smokers.
1. It will not force you to cut down on your tobacco consumption.
2. The underwriting process is much faster as there are fewer factors to be considered.
3. It is so expedient to purchase the policy as you can close the deal online. You wouldn't have t bother going to and fro frequently to the carrier's office.
It is good to be truthful while talking to an insurance company. In case the problem is detected later it can be dangerous and it can be considered as an offense. It is so very nice to have the smoker insurance and lead life without any problem. Nicotine is present in cigars, cigarettes and even chewable bars and hence this has to be mentioned while signing the papers. It is good to believe in life and regard insurance and also be very frank about your smoking habit. Help at all times is given online via mails or even chat forums. To know more you can contact your agent.
The mentioned policy is offered in term and whole life categories. The first alternative will require you to pay premiums that are within your means. This is because unlike in permanent plans, the coverage it provides lasts only for certain of period of time. In addition, the periods range from 1 to 30 years. There are quite a lot of available payment options that you can choose from. You may pay for your premiums on a monthly basis, every four months, bi-annually or yearly. If you have ample money to spend, you can pay for it one-time as well.
There is no need to tear and sign cheques now as the insurance amount can be paid online. Just refer to your bank accordingly and they will pay it for you. The premium payment needs to be prompt within the grace days so that you are not penalized at any point of time. If you need more clarifications, you can talk to the agent and know more. The Smoker insurance details will be sent to you and there is no need for you to visit a company. All you need to do is finalize on a quote and get back to the company. The online calculator will help you know the exact amount of the premium. Make your family's future secure with the best policy.
Generally, the mentioned plan work almost the same with the others. However, it provides more freedom when it comes to the underwriting process. The insurance firm will not make quitting smoking as a condition in granting your request to be given protection. It will not bother them if you are smoking constantly. It can only be better though if you are still free from any illness that is caused by such bad habit. You may be required to answer several questions that concern how frequent you smoke although it will only be for recording purposes. In more ways than one, this policy is pretty much the same as no medical exam life especially in terms of the perks that they can offer the prospective plan holders.
Why is the premium different for a smoker? It is essential for the company to gauge the risk factor. In case of smoking, there can be many hidden problems related to health. Hence, the quote is based on these risk areas so that the company is able to give you the very best and a proper rate. It is true that the premium is higher for smokers but it is better than not having any kind of insurance. If you think you cannot afford the premium, then it is best to collect quotes and then go for the lowest quote that is surely good as per your budget. People need insurance and so do smokers and hence it is not good to delay the same.
Here are some of the perks of insurance policies that are intended specifically for smokers.
1. It will not force you to cut down on your tobacco consumption.
2. The underwriting process is much faster as there are fewer factors to be considered.
3. It is so expedient to purchase the policy as you can close the deal online. You wouldn't have t bother going to and fro frequently to the carrier's office.
It is good to be truthful while talking to an insurance company. In case the problem is detected later it can be dangerous and it can be considered as an offense. It is so very nice to have the smoker insurance and lead life without any problem. Nicotine is present in cigars, cigarettes and even chewable bars and hence this has to be mentioned while signing the papers. It is good to believe in life and regard insurance and also be very frank about your smoking habit. Help at all times is given online via mails or even chat forums. To know more you can contact your agent.
The mentioned policy is offered in term and whole life categories. The first alternative will require you to pay premiums that are within your means. This is because unlike in permanent plans, the coverage it provides lasts only for certain of period of time. In addition, the periods range from 1 to 30 years. There are quite a lot of available payment options that you can choose from. You may pay for your premiums on a monthly basis, every four months, bi-annually or yearly. If you have ample money to spend, you can pay for it one-time as well.
There is no need to tear and sign cheques now as the insurance amount can be paid online. Just refer to your bank accordingly and they will pay it for you. The premium payment needs to be prompt within the grace days so that you are not penalized at any point of time. If you need more clarifications, you can talk to the agent and know more. The Smoker insurance details will be sent to you and there is no need for you to visit a company. All you need to do is finalize on a quote and get back to the company. The online calculator will help you know the exact amount of the premium. Make your family's future secure with the best policy.
About the Author:
Article by Gregory Winans who is a specialist in life insurance. For more information on insurance for smokers, visit his site today.
I really amazed that you have insurance policy for smokers. This is an enjoyable blog. I am reading it again and again.
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