123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

How Smoking Impacts Your Term Insurance Policy

Profile Picture
By Author: Harish Kumar
Total Articles: 3
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Term Insurance being the most basic type of life insurance, it is extremely popular amongst most people. It has affordable premiums, a fixed duration of coverage and a sufficiently high death benefit for the families of policy holders. While there are certain rules, conditions and restrictions to buy a term insurance plan, smokers too can opt for a term life insurance policy by paying a a slightly higher premium. Providers hike the cost of the policy due to the added health risk caused by smoking. There are a few things that every smoker looking to buy a term insurance plan should know.

When applying for an insurance plan, the company will ask you about your usage of tobacco products like cigars, cigarettes, and chewing tobacco in the last 12 months. They will also inquire about the frequency of smoking. It is not wise to withhold the fact that you smoke from your insurance provider as it could later lead to your family’s claim being denied. There are also cases where the insurance company has sued the policy holder and held them accountable for lying while buying the policy. While it is easy to lie on paper about your smoking habits, many term insurance providers require a medical checkup before finalizing the terms of the policy. It is impossible to hide the traces of nicotine in these detailed medical tests.

If you have recently quit smoking or are in the process of quitting, you can appeal to your provider to consider your case. Many companies are known to reduce the premium price for holders who have quit, or are quitting smoking, with the condition that the policy holder will not resume smoking during the policy term. It is also necessary for non-smoking policy holders to inform the company if they begin habitual smoking sometime in the policy duration. The company will adjust the premium in accordance with their rules and you will not loose your policy.

Insurance companies differentiate between smokers by dividing them into 3 categories, namely:
Table rated smokers i.e. those with physical condition, preferred smokers who are otherwise fit, and typical smokers who have minor health issues. The premium prices differ across these categories, with some being more expensive than the others. Regardless, with the large number of policy providers in the market, cheap and affordable term life insurance policies are not difficult to find for smokers of any category. Thus, don’t let your habit of smoking deter you from getting a term life insurance policy.

Visit http://tataaia.com/life-insurance-plans/protection-plans/protection-plans.html to get all the information you need regarding term life insurance policy.

Total Views: 57Word Count: 432See All articles From Author

Add Comment

General Articles

1. Dates Information
Author: sharmeen

2. Affle (india) Limited Ipo Review
Author: Stock Investor

3. Dr Brenner Heidelberg
Author: Cornelius brenner

4. Bewerbungs Coaching Mannheim
Author: Thomas bieth

5. The Extended Product Range Of Our Architectural Finishing Products
Author: Dutco Tennant

6. Few Interesting Facts About Leather Jackets For Men And Women
Author: Ravjit Singh

7. Ways To Write Your Engineering Assignments
Author: Garry Taylor

8. Top Sales Outsourcing Company In India Suggests Way To Utilize Your Time
Author: AOB India

9. Punjabi Matrimonial Services | Matrimonial Website
Author: apnahumsafar

10. Know The Benefits Of Hiring A Commercial Office Cleaning Service
Author: senate cleaning

11. Prenatal Massage Utah
Author: Cornelius brenner

12. How Cisa Certification Benefits It Professionals And Their Employers
Author: tayyba iftikhar

13. Best Ideas To Arrange Beautiful Flowers For Your Loved Ones
Author: Ashutosh Verma

14. Factors Why Responsive Website Development Is Required For Each Ecommerce Company
Author: Akash Bhowad

15. Proper Guides For How To Play Online Matka Play Game
Author: Online Matka Play

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: