Life insurance is one of the most important components of your overall financial plan. This is because the proceeds from a life insurance policy can be used for a wide variety of purposes, including the payoff of debt, the payment of ongoing living expenses of your survivors, and ensuring that a insured’s funeral and other final expenses can be taken care of.
There are many factors that a life insurance underwriter will consider when making a determination about your application for coverage. Many of these will have to do with your health and life expectancy, such as your age, gender, height and weight, and health condition and history. They will also want to know if you smoke cigarettes and / or cigars.
How Smoking Cigars Can Affect Your Life Insurance Application
While many people may believe that cigar smoking won’t have the same effect as smoking cigarettes on your life insurance application, this is not necessarily the case. This is because, just like smoking a cigarette, cigars also includes ingesting tobacco.
In fact, taking in tobacco in any format – including cigarettes, chewing tobacco, and cigars – can cause you certain health risks, and this, in turn, can be riskier for a life insurance company regarding accepting your application for coverage.
There are many health-related risks that may be associated with smoking cigars. These can include the following:
- Lung cancer
- Cancer of the mouth, throat, and tongue
- Cancer of the esophagus
- Pancreatic cancer
- Heart disease
What many people may or may not realize is that, according to the National Cancer Institute, the concentration of tobacco that is in just one, single large premium cigar could be equal to smoking 20 cigarettes. One reason for this is because large cigars can take much longer to smoke than just one cigarette – so, the more time that a person spends smoking even just one cigar, the more risk that he or she can be posing to their health.
What Life Insurance Companies Want to Know If You Are a Cigar Smoker
If you are a cigar smoker, it is likely that a life insurance company will want to know some additional information about you and your smoking habits. For instance, you may be asked for some or all of the following details:
- How long have you been smoking cigars?
- How many cigars, on average, do you smoke each month?
- Do you use any other type of tobacco product?
In addition to question on the insurance application, you will also likely be required to undergo a medical examination as a part of the underwriting process. This will entail you meeting in person with a paramedical professional – or “paramed” – who will take a heart rate and a blood pressure reading from you. Don’t worry because there are still companies who offer life insurance with high blood pressure. They will also take a blood and urine sample. With this in mind, it will be essential to provide the proper information about your cigar smoking – as it can typically be detected in the samples that you provide. Though there are other options available if you feel your health will not allow you to pass a physical examination, such as a no medical exam life insurance policy or a guaranteed issue policy. Maybe you have a health condition such as bipolar disorder and wondering if you would qualify for life insurance. Let us help you in your search.
Even if you are just an occasional cigar smoker, it is essential that you disclose this information to the insurance company. That is because if you do not provide these details, and the insurance company were to find out later that you are a smoker, it is possible that your coverage could be canceled – which in turn, could leave your loved ones without the financial protection that they require.
Likewise, if it is determined that your death was ultimately the result of a smoking-related condition, the life insurance company could refuse to pay out your policy’s claim. Here, too, those who are counting on you can be left without the financial cushion that they were anticipating for paying their living expenses and / or other financial needs.
How Much Does Life Insurance for Cigar Smokers Cost?
The cost of any life insurance policy will be dependent on several factors. These can include the amount of coverage that you are applying for, as well as the type of policy (i.e., term versus permanent). The premium will also depend a great deal on your gender, as well as the age that you are when you apply for coverage.
When a person is a smoker, this too can have a big impact on the amount that you will pay for your premium. This is the case, regardless of the type of tobacco that you smoke. It is estimated that, on average, a life insurance policy on a smoker can cause the premium to be two, or even three, times that of a regular non-smoker policy, with all other factors being equal.
The insurance company where the policy is purchased can also have an effect on the amount you pay. This is because, just as with most any other product or service that you purchase, the price for life insurance can differ – sometimes significantly – based on where you purchase it.
Therefore, ensuring that you do a thorough comparison of several different life insurance policies – from different insurance carriers – can make a big difference. Working with an independent life insurance brokerage or agency can help you to make this comparison very quick and easy. This is because you will typically be able to directly view many different policies, benefit, and premium costs all in just one convenient place.
Where You Can Find the Best Premiums on Life Insurance for a Cigar Smoker
If you are a cigar smoker and you are looking for life insurance, we can help. That is because we work with many of the top life insurance companies in the marketplace today, and we can provide you with all of the pertinent details that you need. When you are ready to move forward, you can start the process by simply taking a moment to fill out the form on this page.
Should you find that you still need any additional information about how life insurance for cigar smokers may be obtained, then please feel free to call us directly. Our experts can walk you through the quote process, as well as work with you in determining how much protection you may need. We can be reached toll-free by dialing 888-229-7522.
While getting life insurance for cigar smokers may appear to be a challenge, the reality is that you may still have many options to choose from. Working with an expert in the life insurance field can get you to the policy that you need at an affordable premium cost. So, contact us today – we’re here to help.