If you are interested in life insurance, there are a few things that might give you pause. For example, if you smoke, you may wonder if you can get a life insurance policy or if certain things might be excluded from your plan.
Smokers have a lot of questions about life insurance. If you are interested in life insurance as a smoker, there are a few things you need to know.
Why Does Smoking Matter?
Smoking makes a difference in your life insurance plan because smoking has a detrimental impact on your health. Smoking can cause preventable diseases and even death, which is why life insurance providers may ask you more questions about smoking.
Smokers Might Pay More
Smokers are generally required to pay slightly more for life insurance. This is because smokers are at a higher likelihood of contracting a preventable illness. Life expectancy for smokers may decrease, impacting your potential mortality. This is the case even if you don't currently have any health issues to speak of.
How Will a Life Insurance Company Know You Smoke?
A life insurance company may learn that you are a smoker even if you do not report the information. For instance, they may have access to pharmaceutical databases or medical records. Additionally, the information may be available via social media.
It is important that you are accurate with your information so that providers can ensure you have the resources you need. You also want to make sure that the entire point of life insurance, which is making sure your death benefits are paid out in the event of your death, isn't nullified or hindered by a post-death discovery of a smoking-related illness.
Should You Still Get Life Insurance?
If you are a smoker, you should still consider getting life insurance. It is important that you ensure your family is cared for after you pass, and this is more important than whether or not you are a smoker.
Ultimately, the decision to get life insurance can make all the difference. If you are a smoker, it is important that you consider your options so that you can make an informed decision while also caring for your family as a provider.
Contact a Life Insurance Provider Today
If you are interested in life insurance, it is important that you get a professional's opinion. Speak with a professional to learn more about getting insurance when you are a smoker or have a history of smoking.Share
2 December 2021
After we bought a house, I started realizing that we were going to need to learn to save a little money. We had become pretty laid back about spending because we were so accustomed to making so much extra each month, but with a mortgage, we found ourselves running out of money on a regular basis. I decided to get real about our finances, which is why I set up a financial plan to stick with year round. You wouldn't believe how much of a difference that simple plan made. We went from scraping together money to head to the grocery store to sticking with a rock solid budget.