Your life insurance provider would rather you not smoke, and you can generally expect a lower premium if you quit, but the lower premium won’t kick in overnight. Your insurer wants to make absolutely certain that you’re not smoking anymore, so there are a few provisions to getting your lower premiums:
- Most insurers won’t offer lower premiums until you’ve been a non-smoker for twelve months.
- In order to keep your lower rates, you need to remain a non-smoker for two years. If you start up again, your premiums will go up.
- Your insurer may offer a few exceptions. Some life insurance providers will allow you to smoke up to four cigars a year or enjoy the occasional pipe without classifying you as a smoker.
It’s a good idea to call your insurer when you first start quitting, and again once a year is up. If you tell your insurer that you quit smoking, some insurers will have you undergo a test, while others may take your word for it, but if nicotine turns up in your next physical, you could be looking at charges of insurance fraud, so honesty is the best policy here.
Because being reclassified by your insurer can be so difficult, many life insurance buyers in Chandler, AZ will choose to simply switch providers rather than jump through all of the hoops with their current life insurance company.
If you are in Chandler, AZ, and shopping around for a new life insurance provider, we’d recommend giving San Marcos Insurance Group a call. San Marcos Insurance Group can get you the life insurance coverage that you need in order to take care of yourself and your family.