Smoker Vs. Non-Smoker Life Insurance Gainesville Florida FL
Reader’s Question:
What’s the difference between a smoker and a non-smoker when getting life insurance? Why does my provider here in Gainesville, Florida charge me more than my friend who does not smoke?
Oliver
Gainesville, FL
The biggest difference between someone who smokes versus someone who doesn’t would be how their life insurance premiums are priced. Due to the plethora of serious health problems that long-term smoking causes, life insurance companies are inclined to charge higher premiums to cover for losses that may be incurred due to having to make a payout for death benefits soon. In effect, life insurance companies reward non-smokers since they prove to be a segment of the market that can sustain the companies business longer (since they will live much longer).
Also, the life insurance market for non-smokers tend to be a very competitive market therefore forcing providers to offer the best rates in order to attract new business and keep the current ones. So if you would like to get competitive rates from your life insurance provider there in Gainesville, Florida, the first thing you would have to do is, obviously, to quit smoking. Easier said than done, of course, but the benefits in the long run are worth it. You could save three times towards your life insurance expenses annually and reduce or even eliminate treatment costs for smoke-related illnesses in the future. Talk to your provider to see how soon they can bring down your premiums into a “non-smokers” rate once you have decided to stop smoking. You can usually expect your rates to get lower after a couple years after kicking the smoking habit.
Tags: smokers life insurance, life insurance coverage, cheap life insurance, life insurance advise
Ex-Smokers Life Insurance Policy Gainesville Florida FL
Reader’s Question:
I’ve quit smoking a long, long time ago but will my smoking past still affect my rates If I decide to buy life insurance here on Gainesville, Florida.
Laquana
Gainesville, FL
That would depend on how you will answer the application questions, related to determining if you are a smoker or not, for your life insurance policy. Technically, a life insurance company won’t be able to presently tell that you were a smoker some few years back (unless you have been treated or hospitalized for smoking related illnesses, which may be recorded under your medical records) so it shouldn’t have any direct impact on your life insurance premiums should you apply for one in Gainesville, Florida. You may even be asked to take a urine sample test and they still would not be able to tell that you have smoked if, it was done after 72 hours, much less a few years back.
If you do consider yourself a “Non-smoker”, have not had a light since the last administration, and have no medical conditions that were caused by your ex-smoking habits then feel free to tell your life insurance company that you don’t smoke. Not even occasionally or socially. The difference in life insurance premiums can be worth a couple of thousands a year and maybe even more with some life insurance providers. Take caution though, some provider’s do investigate whether you actually don’t smoke or not. You might receive a phone call asking you a few questions but is actually meant to verify the information you supplied during the application process. If they do find out, the worst that could happen is that they bump up your rate to a smoker’s policy.
Tags: life insurance advise, non-smokers life insurance, life insurance information, life insurance application