Smoking is not only a bad habit but also causes health problems. In case you are a smoker, you will be required by the insurance company to dig deep into your pocket to pay up extremely expensive life insurance premium. The primary reason why smokers life insurance is expensive is that there are there are different types of protection involved and above all, viewed by many insures as unhealthy lifestyle. The risks involved in smoking are taken seriously by insurers and therefore may cost you extremely more than the amount paid by non-smokers. This is mainly because the smokersí chances for claiming insurance policy is very high since they can suffer from critical illness or die easily.
To enjoy lower life insurance costs, itís imperative to abandon smoking. Since smokers life insurance is much higher, some people may opt to lie that they are not smoking. They do this in order to lower the total cost. The truth of the matter is that you cannot really lie because the insurance provider will conduct several checks to identify your medical history.
In case you are lucky to cheat but unfortunately life insurance provider finds out, you are not paid your insurance benefits. Secondly, the provider compares the amount it paid when you claimed to be a non-smoker with that paid after declaring your smoking habit. The policy provider may decide to drastically reduce the insurance benefits. (more...)