Ways for Smokers to Cut Life Insurance Costs
Quit Smoking Tobacco Products
Usually, smokers pay more for life or health insurance as compared to people who do not use tobacco, so the best way for a smoker to cut on insurance premium is to quit smoking. Ex-smokers usually get non-smoking rates after leaving their habit for a year.
Negotiate on Occasional Cigars
Bear in mind the fact that if you state yourself as an occasional smoker, you may get charged as much as someone who smokes two packs a day even if you only have a cigar occasionally. In such cases, it is necessary to negotiate with your insurance company as it might let you get non tobacco user rates. You may be asked to take a test to measure the amount of nicotine in your blood with a saliva or urine test to prove your case.
Preferred Insurance Premiums
Question your insurance company whether they distinguish between preferred and standard tobacco users. "Preferred" tobacco users are people are have the appropriate weight and blood pressure for their height. Due to the fact that preferred users are less of a hazard for an insurance company to cover than those who have high blood pressure or are overweight, they will get less-expensive premiums, sometimes by as much as 50%. Even if you are not put in to the 'Premium' category, some companies that gratify tobacco users also have diverse breaks in the 'Standard' category. The best way is to look around before you sign on the line.
Should I Lie About My Tobacco Use?
If you wish to lie about your smoking habits, you just might not buy a policy at all. Your family will not receive any cash at all if your insurance company finds out that you lied on your form. It just does not make sense to put your family at risk.
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