No exam life insurance for smokers may just be the solution to help you manage your risk factors and financial future. This kind of life insurance for smokers provides protection and encouragement, especially when you have been a heavy smoker for several years. This policy can also be beneficial when you are planning to get pregnant. You can ask for a no smoking policy so that you can keep yourself and your family safe from any health risks that being a smoker brings. If you are still unsure on whether this product would fit you, take the time to learn more about the benefits that it offers.
There are 5 essential facts that you need to know if you want to apply for no medical exam life insurance for smokers. One is the fact that the product does not require a physical exam. Smokers who smoke a tobacco product and intend to get a policy will be subjected to routine screenings in their initial applications. But after this screening, the application will be turned down or accepted based on the results. This is why you need to be honest with your answers. Otherwise, you won’t be able to get an appropriate policy.
Second, the no exam life insurance for smokers protects you from the high cost of medical treatment. This is because tobacco users experience much higher rates of chronic diseases than non-smokers. And the severity of these diseases will be directly proportional to tobacco use. But if you quit smoking, you can expect to enjoy many years of lower medical costs.
Third is the provision of accidental death benefits. As you might already know, smoker’s compensation can cover your immediate family members and friends. But the unfortunate part is that your family can only claim a fixed amount from the policy. You can expect this protection to increase as your number of cigarettes per day increases. But if you quit smoking, you can receive the full amount from the insurer. So the no exam life insurance for smokers ensures that you will have financial support for your family in the event of your untimely death.
Fourth is the inclusion of e-cigarettes into the policy. It is true that most people who smoke also consume e-cigarette. But did you know that the risk of lung cancer is almost double that of a non-smoker? This is why smokers can enjoy the best life insurance rates in the market. Not only that, the cancer risk can also be reduced to as low as half in some cases with the help of the new electronic cigarette technology.
Fifth is the exclusion of smoking from the policy. If you are a chain smoker or if you are thinking about getting insurance as a group, it is highly recommended that you get rid of your cigarettes and stop smoking. However, the insurers have the right to exclude the cigarettes from the policy if they see fit. The same holds true for those who are considered high risk smokers such as those who use tobacco products regularly, or those who live in places where cigarette smoking prevalence is very high. Hence, getting life insurance as a group member will definitely provide you with the best rates.
The sixth is the inclusion of marijuana use into the policy. If you are currently undergoing treatment for cancer, you may not qualify because of the fact that you are not yet recovered from your cancer. But marijuana users who are undergoing chemotherapy and those who are on other forms of similar medication do qualify. There is actually a law that states that marijuana users who are still undergoing treatment must cease to use marijuana immediately. The insurers feel that marijuana users should be given another chance, so they have made this policy optional for smokers.
By getting these six added features, you will definitely get a discounted rate. The cost of your life insurance policy is based on the smoker’s medical history. If you smoke pipes, cigars or pipes that are obtained through the internet, you will be charged a higher rate than other smokers. But if you show the insurer that you smoked cigarettes for more than fifteen days in the past, your premium will decrease. Therefore, if you want to get a cheaper rate, it would be a great idea to quit smoking.