Smoker life insurance! What is smoker life insurance policy really, is there a special policy for those who choose to smoke?
The phrase may sound like there is a special plan for smokers but let me assure you this is not so.
Life insurance companies are in business to make money, premium cost depend on how long the applicant is expected to live.
A person who does not smoke is likely to live longer than a person who smokes, a smoker is like to die sooner than a person who does not smoke. Cigarette smoking cause disease.
What life insurance companies do is to charge a person extra if s/he smokes. Let us look at the varying categories assigned to applicants
Each of the above categories are divided into 2. The lowest and most favorable rates are charged to the applicants who do not smoke. The smoker rate is a little higher than the non-smoker rate.
Like any life insurance policy you have the right to add riders to your policy, the most common are the waiver of premium rider and the accidental death benefit rider.
These riders apply, if you select them, whether your policy is characterized as a smoker life insurance policy or a non-smoker policy.Home
The idea of no exam life insurance is by no means new. It is a little more liberal than it used to be and we have a new generation embracing the idea. There are many variations to this policy.
The 20 year term life insurance policy can be effectively used in oh so many situations. We will look at some of them but first let us define what this policy is all about.
The 10 year term life insurance is one of the simplest and most easily explained types of life insurance.
Let us take a look at the 10 year 20 year and 30 year term life insurance policies.
There are many pages on this website on term insurance details and how it works. What I want to do on this page is give you a basic and general outline of this policy.