Can Seniors Who Smoke Qualify for Life Insurance?

Smoking is a very harmful habit that helps the development of cancer and cardiovascular problems. And the death rate amongst smokers in extremely high. Still, smoking is considered a pleasant way to relieve stress and relax.

smoking4This choice is personal and you cannot simply oblige a person to renounce its habits, even though they are slowly killing him. But smoking affects not only your body, but also your wallet.

Besides spending money on cigarette packs, you will also have to pay more for some services. It becomes natural for seniors who smoke to research if they can qualify for life insurance for elderly people.

Usually companies are not interested if you are a regular smoker or an occasional smoker. For them, it matters if you smoked in the past 12 months. Usually they ask that via their questionnaires. If the answer is “yes”, you will be considered an active smoker.

You could be lying and in order to protect their interests, companies also ask for several medical tests and x-rays. They will confirm or infirm the usage of nicotine of tobacco and the damage done to your body. After that, it depends on the insurer to approve your application or not. Usually insurers consult medics and ask for their opinion.

However, you will certainly qualify for no medical exam life insurance. This habit is not regarded so dangerous by companies that sell no exam life insurance policies. But the cost of premiums will be higher than for other types of insurance.

So, first search for traditional policies and see how many companies accept smokers and how much they charge. Remember the prices, if you find ones. Next, search for no exam life insurance.

Again, remember prices. In the end, all you have to do is to compare prices and determine which policy is more affordable.

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