How Does Smoking Affect Your Life Insurance Policy

We all know the dangerous effects of smoking. It is one of the top health killer in the United States, being the principal cause for lung cancer and heart diseases. Besides your health, smoking can actually harm your finances. If you do the math, you'll discover that you spend an important sum of income on cigarettes every single year.

Smoking can make issues even expensive if you are looking for a compare life insurance quotes policy. Life insurance businesses calculate the premiums based on the probability of you dying in the next several years. Smokers becoming more predisposed to lung cancer and heart difficulties represent a higher risk for insurance organizations and so they will compensate by growing your rates cost.

A smoker is required to pay premiums that are over 40-100% greater than those for a non smoker. The cost rate improve depends also on your recent health history and other elements. In any case, this represents a substantial sum of funds that you'll have to pay in order to maintain your smoking habit. Thinking about the reality that cigarettes are dangerous to your health you have even less factors for keeping your habit.

You might feel that the insurance firm can't know if you smoke or not, but in most circumstances you'll be asked to take a medical examination. Insurance firms think about you a non smoker if you have given up your habit in the last twelve months, which means that you have never smoked a cigarette during that period.

In some instances, if you haven't been a smoker for too long, your lung radiography won't show traces. But does this entitle you to lie on your application? Surely not! If you lie, you brake on of your policy's terms and in case you die of a smoking related health problem, or accident (e.g. a fire started by a cigarette) the insurance company will not pay any death rewards. Insurance businesses have a lot of approaches of proving that you lied on your application, so it is quite difficult to fool them. Besides this, it is not worth gambling your family's future for the sake of a dangerous habit.

Some insurance firms could offer you policies that don't require you to take a no medical exam life insurance. This indicates that if you have health problems, you can nonetheless get insured. Even so the premiums for such policies are greater.

Quitting cigarettes can be a great way of saving some cash on your insurance policy. Besides this, your health and physical condition will greatly increase.