4. Reasonable Term Insurance for Smokers?

Term insurance has many categories under it that are specially made for smokers. Firstly, you can take help from someone who has good knowledge about the field. And secondly, you can take quotes from insurance companies that are offered for those who use smokeless tobacco or an occasional cigar but not cigarettes.

Usually if you have quit smoking completely, you can apply for non- smoker term insurance. Another advantage some insurance companies offers is that if you are trying to quit smoking, the will reduce your premiums and there are also companies which ask for you to wait for 2-3 years. Shopping for different insurance policy is a good option, before choosing one.

5. Tell the Truth

It is always better to tell the truth to your insurance company. if in case you take the insurance policy by holding back certain information about your smoking habit and if the insurance company gets to know about it later, you will have to pay certain fixed amount to your insurer since, you have incurred loss to the company and your insurance can be later considered as invalid. Apart from this, it will affect you from taking the insurance from another company as well.

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