by niclib » Sat Jan 19, 2008 11:44 pm
i have a life insurane policy brought 2 years ago and was smoking 20 a day at the time,i have now quit smoking and would like to know if i can change my policy to non smoker
Posted: Sun Jan 20, 2008 02:15 am Post Subject:
It is my understanding reading through the threads that you have to be smoke free for at least two years before they will consider you a non smoker.
There has been much discussion on this, I am sure that some one who works in the field of life insurance will come along and give you more detail, just hang in there.
Posted: Sun Jan 20, 2008 06:58 am Post Subject:
Hello niclib,
Congrats on kicking the habit!! You'll save a ton of money now and you probably need it to offset the ridiculous price of gas.
Do not waste another minute. If you haven't had a smoke in a few months or so, call you agent and have him/her complete the documents necessary to have the policy reissued at non-smoker rates.
Remember a few very important things though. If you haven't smoked in 60 days (honestly), there's really no chance that any traces will be found in your urine or blood. Some insurance companies require that you not have smoked in 12 months - 2 years. If you have, you shouldn't be dishonest and say that you haven't. However, if you do "fudge" on that a little in order to secure a lower premium, it is absolutely imperative that you not die of a smoking-related illness in the next two years. This is called a policy's contestability period and if any traces are found in your body during an autopsy, it will void the death benefit.
Now you know.
Posted: Sun Jan 20, 2008 02:02 pm Post Subject:
Here's a long (recent) thread talking about this very subject please check it out I think you will find it very interesting to your query...
http://www.ampminsure.org/manage/about3859.html
Posted: Sun Jan 20, 2008 03:19 pm Post Subject:
Guess I was wrong, that is good for you. Congrats on quitting.
Posted: Sun Jan 20, 2008 08:07 pm Post Subject: congrats
Hats off to you for quitting!
Posted: Mon Jan 21, 2008 11:39 am Post Subject:
Guess I was wrong, that is good for you. Congrats on quitting.
no you weren't erb, it depends on the company, the policy and the state...it can just be different lengths of time...Posted: Mon Jan 21, 2008 06:06 pm Post Subject:
Yeah, what Lori said.
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