0
Have you smoked in the past year? They usually want to know if you have smoked in the last year. Life insurance policies treat smokers in a separate category from non-smokers. Due to the high health risks attached to smoking, the insurance premiums for smokers are higher. In order to qualify for non-smoker rates, most companies insist that you have been smoke free for minimum one year (though many could require a longer period of abstinence). If you are a smoker, do not give up on the idea of a policy though. There are several insurance providers that specifically deal with such high risk categories and are well versed with the underwriting process to offer you the most affordable policy that you would be eligible for.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is non-life insuran?
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.
If you purchase homeowner insurance and as a non-smoker but then start smoking would this hurt your claim if it was caused by careless cigarette use?
Homeowner policies dont make any provisions about whether or not the policy- holder is a smoker. Your life insurance company might care if you took out a policy as a non-smoker and then started smoking.
How many policies issued by the reliance life insurance?
how many policies issued by reliance life insurance
What products does Prudential life insurance offer?
Prudential offers a variety of life insurance policies. Some of the different life insurance policies that they offer are Term Life Insurance, Universal Life Insurance, Variable Life Insurance&as well as Survivorship Life Insurance. bAlong with these different types of policies they also offer retirement planning, annuities and long term care insurance.
How does a Universal Life Insurance Policy work?
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
Can you purchase a life insurance even though you are a smoker?
Yes
Does foremost insurance company offers commercial policies?
iThe Commercial policies are offered by General Insurance companies, whereas life policies are issued by Life Insurance companies
What are the types of life insurance policies in India?
Some types of policies are: # Pure term life insurance # Endownment # Whole life # Money back # Unit Linked Insurance Policies # etc...
If I smoke cigarettes will it affect my term insurance premium?
Of course it does... It increases your premium value. If a non smoker pays a $100 premium you would have to pay a $102 or $105 as premium... Typically life insurance policies will consider factors such as smoking as a health hazard. If you are a smoker, this will generally result in higher rates of insurance. However, since life insurance is a competitive business, there are companies that will look more favorably on smokers than the typical life insurance companies. You would do well to look for online insurance quote providers. They will be able to help you locate such companies easily so that even as a smoker, you can get the best policy at the most affordable price.
Which has a higher premium life insurance or endowment policies?
Endowment policies. In normal life insurance policies, if you outlive the policy term you wont get any money. Whereas, in case of endowment policies, the insurance company returns a big % of your insurance premium to you at the end of the tenure. So, these policies are much higher in terms of premium when compared to regular or pure-term life insurance policies.
What policies are offered by General American Life Insurance?
There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
What types of Whole Life insurance policies does More Than offer?
There are many insurance companies that offer Whole of Life policies. At the current time More Than do not offer whole of life insurance policies instead they offer term insurance.
