<p>Smokers may have to pay a premium that is between 40% and 75% greater than non-smokers if they apply for an insurance plan.<img decoding=”async” class=”alignnone wp-image-193088″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-quit-smoking-to-reduce-the-cost-of-your-life-insurance-by-up-to-75-vig-6-11zon-750×500.jpg” alt=”theindiaprint.com quit smoking to reduce the cost of your life insurance by up to 75 vig 6 11zon” width=”1103″ height=”735″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-quit-smoking-to-reduce-the-cost-of-your-life-insurance-by-up-to-75-vig-6-11zon-750×500.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-quit-smoking-to-reduce-the-cost-of-your-life-insurance-by-up-to-75-vig-6-11zon-1024×683.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-quit-smoking-to-reduce-the-cost-of-your-life-insurance-by-up-to-75-vig-6-11zon-768×512.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-quit-smoking-to-reduce-the-cost-of-your-life-insurance-by-up-to-75-vig-6-11zon-150×100.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-quit-smoking-to-reduce-the-cost-of-your-life-insurance-by-up-to-75-vig-6-11zon.jpg 1200w” sizes=”(max-width: 1103px) 100vw, 1103px” title=”Quit smoking to reduce the cost of your life insurance by up to 75% 3″></p>
<p>Smokers are statistically more likely to file insurance claims due to greater health risks, which results in higher rates to cover the increased risk for the insurance provider.</p>
<p>It should be mentioned that if a term insurance applicant has used tobacco in any way in the last 12 months, they are considered smokers.</p>
<p>Smokers pay more for life insurance than non-smokers since they are categorized as high-risk when applying for coverage.</p>
<p>Additionally, smokers are more likely to submit a claim on an insurance policy in the event of an early death or a serious sickness in later life. They now represent a cost to the insurance.</p>
<p>In order to cover their entire expenses associated with a claim settlement—which, incidentally, rises in probability—insurers demand higher premiums.</p>
<p>Before providing a Term Life plan, the life insurer will normally do a medical examination. The insurers are able to identify various health conditions by using various tests performed as part of the medical examination.</p>
<p>If an applicant has used tobacco in the last 36 months, term insurance providers will classify them as smokers. To prevent problems later, it is important to disclose your medical history to the insurance.</p>
<p>Additionally, the insurance company may request an extra premium if tobacco smoking is detected during the underwriting procedure or via medical examinations when applying for a term insurance policy.</p>
<p>However, if a policyholder continues to smoke after acquiring a policy but stops doing so during the policy’s term, the premium will not change.</p>
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Quit smoking to reduce the cost of your life insurance by up to 75%
