Smoker Rating

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Smoker Rating We all know smoking invites health concerns, and insurance companies know it too. Like your parents and your doctor, they see smoking as a significant health risk Policy applicants who use tobacco products are subject to a higher premium rate, called a smoker rating. Those who do not smoke or use tobacco products are given a lower premium rate. If an applicant smoked in the past, but has quit more than a year ago, most insurers will still consider the applicant as a non-smoker. Nicotine can be detected in routine screening tests commonly required by most insurance companies. The question one often ask is; can I get life insurance as a smoker a bsolutely YES, In fact, many successful life insurance applications are made by smokers, so not only is it possible, it happens often. Must insurers consider vaping the same as smoking when it comes to life insurance (as well as e-cigarettes, Bidis (thin hand-rolled cigarettes), Cigars, Pipes, Hookahs,Chewing tobacco, Snuff, Dissolvable tobacco, Nicotine replacement, therapies (patches, lozenges, gum, inhalers, nose sprays), Heated tobacco products a nicotine patch) to be the same as smoking. So the effect on premiums is likely to be the same as described above. Due to increased risk, premiums for smokers are anywhere from 40% to 100% higher than for non-smokers, depending on your health history. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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