See Life Insurance Savings Go Up in Smoke

If you light up on a regular basis, you may want to sit back and inhale this information.

Smoking increases your life insurance rates, sometimes double or triple what you might normally pay.

When it comes down to it, there are three different premium classifications for life insurance. There are standard, preferred and preferred plus with which to choose from.

In the event you are not smoking (or you have not been addicted to nicotine over the last five years) and are in excellent health, you will be placed into a lower classification given that your percentages of dying are much smaller. Smokers can be guaranteed of paying higher insurance rates being that they are in a riskier category.

What is important to note for the casual smoker is that even if you smoke a cigarette less than a dozen times a year, you're looked upon as a smoker in the eyes of the insurance companies. If you are an occasional smoker, you need to respond to the questions given to you in the best light to allow you the best insurance rates.

According to research, those who smoke pay three times the premium of non-smokers, thereby leading many individuals to lie on their life insurance applications.

While some smokers are trying to give up the habit, others try and sneak their way through the application process.

Some will try and rid themselves of nicotine as it leaves their system within three days after smoking the last cigarette. Should the urine test be taken after 72 hours it is feasible for the nicotine to leave demodulation.

In the event you were working your way through the application process and you were nabbed cheating with a cigarette, your rate would then move into the smoker's rate category when the policy is confirmed.

Insurers will not drop your case in the event you are discovered guilty in smoking but there will be some random calls by the insurers to follow up. A survey is in place to weed out those who are not being forthcoming with insurers. At worst, a smoker's policy would be issued at a higher rate.

For those individuals who begin smoking after a policy is issued, it is better not to divulge that information.

Individuals will soon discover that it is for their own benefit and also to their family's well-being.

In the event the individual dies and their life insurance policy is labeled as a non-smoker when they were already a smoker, their death advantage will not be endangered.

As you can see lots of things for smokers to think about when it comes to the world of life insurance.