How long do you have to wait to get a non-smoker rate for life insurance if you have quit smoking?
Each insurance company has their own policy on this and therefore it varies from one company to the next. If you are a smoker when you apply you will get the smoker rate. If you were to quit the next day the "non-smoker" ticker timer starts. Some companies will re-rate you as a non-smoker in one year others two and still others three.
Here are some more variables. Some will simply take your word for it on a signed document others will test you either by blood test or hair follicle to see if you are still in fact nicotine free. This then also includes testing you for Chew, pipe, cigar and even pot, all of which would rate you as a smoker or tobacco. Another variable is that some companies will give you non-smoker rates even if you smoke pipes or cigars.
There are a select few companies that will actually start the "non-smoker" ticker based on the date that you quit smoking. So in other words if you quit 6 months ago and are currently applying for insurance, you would be eligible for a non smoker rate in 6 more months.
Some of these companies will guarantee you a re-rate as a non-smoker rate once you meet their guidelines regardless of current health. Others will actually underwrite you again and even if you are smoke free your health may have changed and because of this they will maintain the smoker rating.
As you can tell there are a lot of variables in this and that is why you should be working with a knowledgeable broker that works with no allegiances to any one company that can point you in the right direction from the start. This will inevitably save you time and money. For instance, if you told me you were intending to quit smoking, I would point you towards the company that might be a few dollars more now as a smoker but has a guaranteed reduction in premium if you quit for a year, rather than pointing you towards the cheapest policy up front that might actually have a 3 year waiting period...in the end that would cost more.
Incidentally, once you are re-rated as a non-smoker, it is now contractual, so even if you did go back to smoking, you will not be penalized.
You definitely shouldn't change your policy and then start smoking again. I am amazed at how many people try to do this. Even if you do quit smoking and get the non-smoker rate if you have nicotine in your system when an unfortunate accident or death occurs they will deny your claim and your beneficiary will not get a penny. It is called insurance fraud. If you are not dead they may then pursue legal action against you. Your choices are to either quit smoking or pay the higher rate.
It will take several months to years for nicotine to be out of your system. The nicotine is processed and expelled from your body reasonably quickly but a by-product called cototine is produced. This also shows up in your test and only comes from nicotine so they know you are lying. Best case scenario I have ever seen was 3-5 months. If you make it that long without smoking you could probably quit permanently. I have one client who claims he has not had a cigarette in two years and still tests positive. You can expect to pay at least 100% more for your policy for the smoker rate.
It depends on the person judging your appearance. If it is a nonsmoker, my guess would be that your appearance would be quite disgusting. Read More
You got life insurance right after you quit smoking cigarettes how long until you can retake the nicotine test?
You will have to discuss that with your insurance provider. The risk of complications for former smokers does not abate for some years. Read More
The basic difference between long term life insurance and whole life insurance is that a term policy is life coverage only and this is also considered an advantage. One can buy a long term life insurance for periods of one year to 30 years, whereas whole life insurance is a combination of a term policy with an investment component. Read More
life insurance Read More
Depends on your smoking habit, and your physical well being. If you smoke once in a while and are in good shape, 30 days abstain should be fine, if you toke daily, overweight abstain longer. Home tests kits are a good way to go. Life insurance is important, and being denied for pot isnt fair. Read More
I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it. Read More
Not at all as long as you get to the "right" life insurance company. There are a number of life insurance companies that specialize in depression life insurance, bipolar life insurance, anxiety life insurance. The key is to work with an impaired risk life insurance expert who can direct you to the correct company based on your specific circumstances. Read More
my mother pased away on 4/28 and the funeral home filed her life insurance on the 29 or 30 how long does that take to receive a check for life insurance Read More
The services that the company Bankers Life and Casualty Insurance offers is mostly insurance. Some of the insurance they offer are life insurance, long term care insurance and annuities. Read More
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. Read More
There are a few of them that have high ratings for long term care insurance. They would be American General Life (AIG), Bankers Life and Casualty, State Farm Insurance, and New York Life Insurance Company. Read More
Your life insurance policy would pay out immediately after ratifying the contract Read More
Equitable Life Insurance is an insurance company that has been around for a very long time but for your information they are still around and one of the largest life insurance carriers in the world. Read More
No. You will only get "insurance" from an insurance company. Read More
Long term life insurance can be purchased from a variety of companies. Select Quote helps people decide which life insurance plan is right for them, and thus, is a good first site to look at. Read More
As long as the child decided to keep the life insurance once they reach 18, the coverage lasts their whole life. The Grow Up plan provides customers to keep the insurance as long as they would like to and does not increase fees over the years. Read More
Yes... as long as you are not an ex-felon you can sell life insurance (even if you have bankruptcy) Read More
Companies that sell long term care insurance are American Fidelity Assurance, Berkshire Life Insurance, MedAmerica Insurance and Prudential Insurance. Read More
Just stop smoking it and get on with your life. Read More
life till death Read More
short answer: Yes. long answer: The only life insurance you would be able to get is term life insurance and that would be very expensive due to being 85. Read More
There are several companies that offer long-term life insurance. In most cases, unless you are receiving it through a job, you have to apply. Applying online is simple and you can receive several different quotes. Metlife and AARP are two long term life insurance companies to help get you started. Read More
The average life insurance cost will vary depending on several factors including: The type of life insurance, your age, gender, amount of coverage, how long you need the life insurance, your health, your family's health history, etc. Term life insurance is the least costly type of life insurance because there is no cash value that builds up in the policy - so you only pay for the life insurance. Term life insurance offers you life… Read More
Long term life insurance premiums depend on the age and health conditions of the insured person. A young man or woman in the early thirties can get an insurance for $500,000 for as little as $400 a year. Read More
If you die a life insurance policy pays an amount of money to a person you name. You have to pay premiums otherwise your life insurance will automatically lapse after 30 days. Read More
Gerber gives many families a kick start to their newborns life. Gerber offers Gerber Life which is a long term life insurance policy for the child. This life insurance policy is used by thousands in the US. Read More
if you start smoking it can effect you in just minutes. but if you smoke for a long period of time, it can shorten your life by 11 years. Read More
It is upto the discretion of your employer how long to pay life insurance premium on your behalf. Even sharing the same in equal proportion can also be mutually arranged. Read More
The long term health plans that AXA offer include: life insurance, accidental death, long term care for the elderly, pet insurance and dental insurance. Read More
Your entire life Read More
There are two major differences between these two type of insurance plans.Term life insurance plans are made to protect you for a certain duration maximum up to 30 years while permanent life insurance does the same for the lifetime. Also, the premiums for term life insurance are cheaper than the permanent one. Depending on how long you need the protection for, you can choose an insurance plan suits your requirements the most. If you are… Read More
The American Association of Retired Persons, AARP, offers Medicare, long-term care insurance, automobile insurance, home insurance, and life insurance. It is intended for improving the quality of life for seniors age 50 and over. Read More
Yes, one person can obtain a life insurance policy on another as long as the policy owner has an insurable, financial interest in the life of the insured. Read More
life will cover you for the long haul/ Death will cover the removal of the dead person and put it in the ground Read More
15 days Read More
You would need a whole life or an universal life policy with an income rider, and possibly a long term care insurance policy which would fall under a health insurance policy. Read More
well smoking is bad and it can shorten your life by a long time and it can also be bad because it can give you cancer and lots of other things wich are bad so if you smoke try to quit and if you have family and children really think about it Read More
Yes, as long as they are willing to sign the application. Or, if a minor and some insurance carriers, as long as you have insurable interest. 4lifeguild Read More
Yes they do they have insurance it includes long-term disability and life insurance for residents, professional liability insurance , educational stipend, and AAP membership. Read More
When choosing the right life insurance coverage, you consider what your goals are for buying life insurance, what are you trying to accomplish? Then, consider how much coverage you need, what you can afford, how long you need coverage, and compare rate quotes from multiple insurers. Also, review the financial ratings to find a safe, secure insurance company that can pay their claims. Make sure you compare permanent life insurance to term life insurance. These… Read More
Some important factors to consider when choosing life insurance, inlcude: How long need life insurance. How much life insurance you need. What type of life insurance to buy. The financial rating of the insurance company. The customer service of the insurance company. How much you can afford to pay for life insurance. Your goal for buying the life insurance. Who to name as beneficiary. Anyway, if you are looking for a very affordable life insurance… Read More
Some types of life insurance develop cash value; these are called whole life policies. Term insurance has no cash value. So it depends upon the kind of life insurance you have, and it may also depend upon how long you have been paying premiums. Read More
term life insurance will last until you say no more. it could last 100 years or 50 years it all depends on you and what u want to pay for insurance.., Read More
How long does a person have to have a life insurance policy so that the insurance company cant question it?
It is a 2 year contestibility period. Read More