2. Impact of Smoking on Term Insurance Policy

If you have decided to buy a life insurance policy, you have to give your insurer the complete details of the usage of tobacco products from past 12 months. Products such as cigars, cigarettes as well as chewing tobacco and you will also be inquired about how frequently you have used the product.

Every insurance company has the right to know whether their applicant is a regular smoker or an occasional one. This is an important factor on which the company will charge on the premium.

The insurance company will ask their customers whether they smoke and will also ask them to undergo physical examination. They might also ask for a recent medical history.  

Always remember that it is easy to make your insurer believe you through paper records, at the same time, it is very difficult to hide the traces of nicotine content in the test. So, be honest about your smoking habit because insurance companies will take into account, smoking as a very important factor to be considered.

If you are giving wrong information to your insurer, because you fear of high premium, the insurance might end u being risky and ineffective.

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