Qualifying for Non-Smoker Status
Don’t expect to get better life insurance rates if you’ve quit smoking for two weeks. But if you quit for a long period of time, like 12 months or more, then you should definitely reach out to your insurance carrier and see what they can offer you. You will probably not qualify for non-smoker status right away — that usually takes about three to five years to happen. Bear in mind that each insurance carrier has its own time requirements for reclassification and its own process, which may include undergoing another medical exam. While reclassification may seem laborious, it can be a significant amount of savings every year!
What’s the Deal with e-cigarettes and cigars?
Every insurance carrier deals with e-cigarettes a little differently. Most of them DO classify them as a type of smoking, however there are multiple carriers that do not. For cigars it is very similar, and the occasional cigar smokers can also qualify for non-tobacco rates with certain carriers.
Don’t Put Off Getting Life Insurance Just Because You Smoke
One of the common mistakes people make is putting off getting life insurance because you smoke. You say to yourself, “I’ll wait until I quit smoking to get life insurance, that way, I can get a better rate.”