How can smoking affect my ability to get life insurance?

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Asked July 27, 2010

1 Answer


Some insurance companies will not write a life insurance policy for a smoker. Medical evidence supports the idea that smoking increases the chance of premature death from lung disease, heart conditions, and other smoking-related disorders, and insurance companies take this into account when writing policies. Many companies will write you a life insurance policy, but your premiums will be higher than another person who is the same age and general health as you. Smoking has the potential to make your life shorter, and that puts the insurance in the position of accepting a higher risk of loss.

If you have been diagnosed with a smoking related illness, this will have an impact on your insurance costs. Even with whole life insurance, the insurance companies are gambling that they will be able to recoup enough of the cost of the policy to make it profitable, but a smoker with a smoking related illness is an uncertain gamble. To overcome this problem, some insurance companies will write exclusions that specifically omit certain causes of death from the policy, balancing the odds of probability in favor of the insurance company.

Smoking will affect your ability to get any type of insurance policy. Smoking is regarded as a distraction while driving, and increases the risk of a fire at home dramatically. If you smoke, any insurance policy, even health insurance, is going to cost you most than someone who has never smoked, and it is becoming increasingly more common for that increase to be carried over to other immediate family members due to the rising concern over the safety of second-hand smoke inhalation.

Answered July 27, 2010 by Anonymous

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