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Does Affordable Life Insurance for Cigar Smokers Exist?
Do you smoke cigars?
Do you have life insurance?
Are you paying the rates of a regular cigarette smoker?
Do you feel you policy's parameters are too narrow regarding smoking?
This simply needn’t be the case…
You can save a lot of money
There are many life insurance companies that recognize that not all smokers are created equally, and those companies can save you a lot of money with life insurance for cigar smokers.
Often life insurance companies simply lump smokers of any kind, regardless of product or frequency, into the same non-standard category. As a result, rates for smokers, whether cigar or cigarette, are almost double what they would otherwise be.
How cigar smokers are different
It is widely accepted that cigar smokers use their product very differently as compared to cigarette smokers and therefore are typically less susceptible to some of the harmful effects of tobacco.
There is less overall tobacco consumed on a daily basis, and cigar smokers tend not to inhale cigar smoke as deeply if at all.
Unfortunate, but true
Unfortunately every cigar smoker is faced with a dilemma when filling out a life insurance application as to whether or not to report the habit. To some degree this is understandable if the smoking occurs once every month or couple of weeks.
Whether or not this is justifiable, occasional smoking also carries with it the risk that it could nullify a life insurance policy if it were ever discovered. Nowadays life insurance companies are far more sophisticated in detecting such trace nicotine amounts using modern methods.
You shouldn’t feel you have to lie on your application
Most of the life insurance that is sold in the U.S. requires a paramedical exam which will test both urine and blood for various chemicals including cotinine, the active chemical in nicotine.
The amount of money you pay for a life insurance policy will depend, in part, on the results of this test. If you suggest on your application that you don't smoke tobacco of any kind, and nicotine is found, it will make the life insurance company suspicious about the answers you provided for other questions.
You can make void your policy
Additionally, if it was found that you were not truthful about the answers you provided on your life insurance questionnaire, it might void the policy when your beneficiaries try to collect.
For this reason, it is an extremely bad idea not to divulge tobacco use of any kind including cigars. Instead, find a company that has many different rating categories for smokers and treats cigar smokers a little more favorably.
The truth
You can expect to pay a little more for life insurance because you smoke cigars, but in most cases it certainly shouldn't be as much as a person who smokes a pack a day.
Get a quote today and find out how much as a cigar smoker you could be saving with life insurance for cigar smokers. Alternatively, dial our toll-free number and ask to speak to Blake. He's our very own cigar afficionado who will advise you of a certain insurance provider that we represent who will guarantee you non-smoker rates as a cigar smoker, no matter how often you re-stock your humidor!
Prudential offers preferred rates for cigar smokers as compared to cigarette smoker rates:*
What insurers say about cigar smoking and why it affects premiums:
- There are cancer-causing chemicals evident in cigar smoke, just as with cigarette smoke. These will affect people both through direct use and passive smoking.
- There is no such thing as safe levels of tobacco use or safe exposure to tobacco products.
- The amount of tobacco you use is directly related to the likelihood of contracting a tobacco related disease.
- Smoking cigars makes you more susceptible to cancers of the oral cavity, as well as the lungs, esophagus and voice box (larynx).
- Whether or not you inhale, exposure to tobacco products can have a deadly effect. Insurance companies assess your application with this basic principle in mind.
Although it is impossible to ignore these facts when you have to buy or renew a policy, the truth is that most citizens above 25 years of age have tried smoking and many continue to smoke into middle age and beyond. These people need life insurance just as much as their non-smoking neighbors, but few insurance providers will budge when it comes to pricing smoker’s policies. It’s simply a matter of risk assessment.
This is where life insurance for cigar smokers comes into play. You can get insurance at more affordable prices as a cigar smoker with certain providers who appreciate the difference in risk to that of cigarette smokers and other tobacco users. Speak to one of our licensed insurance professionals today to see just how much you can save on your next term life insurance policy.