If you smoke, and you are trying to get life insurance, you may have to pay a pretty penny. Finding the best life insurance deals may seem really hard. But it is not impossible. Here are some tips on finding the best life insurance deals if you are a smoker:
This may not be what you want to hear, but the facts are that smoking cigarettes will vastly decrease your life span. And if you quit smoking, and stay off cigarettes for good, you could see a decrease in your life insurance rates starting when you are smoke-free for a year or two. By the time you are tobacco-free for five years, your life insurance rates could potentially be close to what somebody who never smoked is paying, depending upon your individual situation.
Tell the truth
Let’s suppose you would like to quit smoking, but have been unable to so far. So you think it will be okay to put non-smoker on your life insurance application, because you should eventually quit, right? Not a good idea. The reality is that you may have to take a blood test as part of the medical exam for getting life insurance, and that this generally will include a test to see if you have tobacco in your system. So if you pretend to quit smoking, and you don’t actually quit, chances are that the life insurance company could find out the truth and cancel your application and/or your policy.
In addition, keep in mind what could happen if you don’t tell the truth. If you don’t tell the truth about your smoking, and you die within the first two years of the policy of a tobacco-related illness, such as emphysyma, lung cancer, or another related illness, the life insurance company has the right to cancel the policy. That means that your beneficiaries may not potentially see any proceeds from your policy. That is not what you want to have happen. So tell the truth.
Look around for the best life insurance deals
You are generally going to have to pay more for life insurance if you are a smoker. But that does not mean you have to take the first life insurance policy quote you receive. Instead, shop around, and make sure you are getting the best prices. These days, you can get a variety of life insurance quotes online, at the click of a mouse. So go here for more information about life insurance.
Lisa Swan writes for life insurance sites like Best Life Insurance Deals.