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
Smoker Life Insurance Gainsville Florida FL
Reader’s Question:
My husband is a smoker. Our family needs a life insurance policy covering him. I know this might be tough but I need to find a way for him. What can we do with his life insurance in Gainsville Florida FL?
Thelma
Gainsville, FL
Hello Thelma. Life insurance companies in Gainsville Florida FL do not offer rewards for smokers. However, most life insurance companies do offer coverage to smokers. That is important. Your husband should try to stop smoking. Generally, the amount of the life insurance premiums will be higher for a smoker compared to the premiums of a non-smoker.
Life insurance companies in Gainsville Florid want healthy clients. To inspire your husband to quit smoking, there are incentive based programs. Your life insurance agent will be able to provide you information about programs that will reward your husband for halting his smoking. These incentive programs usually take two to four years.
If your husband’s health is good despite his smoking habit, most life insurance companies in Florida FL will take that into account. Premiums are also affected by the extent of the habit. Occasional smokers can usually obtain lower premiums rates than excessive smokers. The best thing to do is discuss this with your husband and with his physician. Get the health records that will assist your life insurance agent in placing the best coverage. Good luck, Thelma.
Tags: life insurance, life insurance premium, smoker life insurance
Gainsville Florida smoker life insurance
Filed under: Instant life insurance policy, Smoker Life insurance
Reader question:
Can I lie in order to avoid getting Gainsville Florida smoker life insurance rates…and get away with it?
Bob
Uh, thanks for asking, Bob.
That’s kind of a tricky question, because I don’t want to tell you that you should lie in order to get out of paying for Gainsville Florida smoker life insurance, but I’ll just give you an honest assessment. Yes, you can lie, and you can get away with it–maybe, possibly. Life insurance companies aren’t the Smoker Patrol, and they don’t come knocking on your door at all hours of the night in order to root through your sock drawer for some menthols. But that isn’t to say that they can’t find out.
And if they do find out, whether through your medical exam, or your own admission, or some other way, and you pass away within the first two years of having had the policy without paying Gainsville Florida smoker life insurance rates, guess what will happen to your benefits? Nothing. They won’t go to your family. They’ll just disappear, because you lied and got caught. It’s not worth the risk.
take care,
Fashun