If you are/were a smoker, at what point do life insurance premiums for a quit-smoker equal that of a non-smoker?
2007-01-19 05:40:08 · 7 answers · asked by Alex G 1 in Business & Finance ➔ Insurance
Usually its 12 months.
2007-01-22 06:51:45 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The rules vary by company but here are some guidelines:
http://www.lifeinsuranceadvisors.com/smokers-life-insurance.html
You need to be 1 year smokefree to get non-smoker rates. There is one company available that will consider you now for non-smoker rates if you are a cigaretter smoker.
For "Preferred Best" non-smoker rates - 3-5 years smokefree.
For "Preferred" non-soker rates - 1 year smokefree
2007-01-20 07:12:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I could be wrong, but I think that for some insurers it is as long as 5 years. That would make sense as I believe that in 5 years your risk of lung cancer drops to a comparable person who is a non-smoker.
2007-01-19 14:52:32 · answer #3 · answered by MoniqueLise 3 · 0⤊ 1⤋
It may vary with the insurer Alex, but one things for sure. The lungs and eyes are the quickest healing tissues in the body. After 24 hours (I think) they say the lungs regain some of their lost capacity. And it just gets better from there.
Good Luck
2007-01-19 13:49:11 · answer #4 · answered by snvffy 7 · 0⤊ 0⤋
For most standard policies it is 1 year. To qualify for preferred or super preferred polices it is much longer, 5 years or more.
If you are not truthful, most blood and/or saliva tests will show you clear of nicotine and tobacco after quitting for 1 month.
2007-01-19 16:54:40 · answer #5 · answered by jcollins_24 2 · 0⤊ 0⤋
1 year on mortgage protection insurance
2007-01-19 20:50:23 · answer #6 · answered by jojo 1 · 0⤊ 0⤋
1 year rule...for most....
at least that is what they say...
2007-01-19 13:45:23 · answer #7 · answered by cork 7 · 0⤊ 0⤋