How Chewing Tobacco Could Impact Your Life Insurance Premiums
Non-Tobacco Preferred Plus is the best rate possible, but we used Non-Tobacco Standard Plus example rates above because they are more realistic for chewing tobacco users. Your actual rate may be higher or lower.
Honesty = Your Best Policy
At Quotacy, we act as your life insurance matchmaker, connecting you with the insurer best suited to your individual situation. However, for an accurate match, you need to be upfront about your tobacco use.
Before forwarding your application to an insurance provider, our agents review your information to make sure you’re aligned with the company most likely to offer favorable terms.
To ensure your agent matches you with the right insurer, you need to be honest when filling out your application. For chewing tobacco specifically, be sure to disclose your use, but make it clear that you do not smoke tobacco.
If it turns out that you lied about tobacco use on an application, the life insurance company can penalize you by reducing your death benefit to what your premiums would be paying for on a smoker-rated policy.
For example, let’s say you claim to be tobacco-free and secure a 20-year, $1,000,000 policy at $53 per month. If later it’s discovered you chew tobacco, your coverage could plummet to $175,000—what your premiums would cover at smoker rates.
In extreme cases, lying on your application can lead to your beneficiaries being denied the death benefit altogether. There’s no upside to deceiving the insurance company, so always be upfront when filling out your application.
Apply Through Quotacy Today to Get the Best Rates
Life insurance is purchased by tobacco users every day. The process doesn’t need to be complicated or overwhelming.
At Quotacy, we’re dedicated to matching you with the right life insurance product and company for your situation so you can protect your loved ones. By understanding your specific needs, we aim to secure the best price possible.
Don’t leave it to guesswork; explore your options and get free, anonymous term life insurance quotes today. Take control of your future by making an informed decision that suits your lifestyle.
