For many life insurance companies, they will say that a smoker is a person who may have used a form of nicotine product within the last 12 months. This can be cigarettes, cigars, pipes and nicotine gum or patches.
Life insurance premiums for smokers are higher
Even if you feel that you are in good physical shape in every other way, you will still be listed in the smoking category and you will have to pay more for life insurance.
Medical research has shown that by smoking you are more prone to certain types of cancer. It has also been shown that those who smoke on a regular basis are also at much greater risk of developing lung diseases.
What constitutes a smoker?
Most life insurance companies believe that a smoker is someone who has used some form of nicotine product within the last 12 months. Included in the definition of nicotine products are cigarettes, pipes, cigars and nicotine gum or patches.
What if I stop smoking during the term?
Should you choose to quit smoking during your life insurance policy term then there are a number of options that can save you money. It is possible that you could change to the non smoker category and therefore receive lower premiums.
All life insurance companies will have different rules determining how long you need to have stopped smoking to be considered a non smoker. However, in general this will usually be for a minimum of one full year but can occasionally be as long as three to five years. You may feel that as soon as you quit smoking you should be considered a non smoker, but life insurance companies ask for it to be for a longer length of time as many people may start smoking again.
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