5 Ways How Smoking Can Affect Your Insurance Policy

3. What If The Insured Quits Smoking?

Life insurance companies use very specific questions to classify you as a smoker or not. Infact They Usually Cross Question the customer to know if he is a regular or occasional smoker.

Since, “Term Insurance” offer their customers will lower premiums, they will charge a little higher premium on a person who is a smoker. So, if you are on the urge to quit smoking you can inform your insurance company to reconsider the position of the policy. This will help you lower your premium rate which will depend upon the amount of time elapsed since the individual last smoked.

Depending on the different categories allotted for regular, occasional and non- smoker, you can reduce your insurance premium amount.

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