Life Insurance and Cigar Smoking

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ontrackp
Enthusiast Topic Starter

7 years ago

Anyone have experience dealing with insurance companies as an occasional cigar smoker? I've read various opinions on this. I have an insurance physical coming up so am not smoking leading up to it, but I'm interested to know if anyone has had problems with this.

Thanks.

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DrafterX
Herf-A-Holic

7 years ago

It's pretty clear... If you lie they don't pay... 😟

frankj1
Herf-A-Holic

7 years ago

It's pretty clear... If you lie and die they don't pay... 😟

DrafterX wrote:

fixed it for ya

Cereal City Cigar Smoker
Herf-A-Holic

7 years ago

I tell them I smoke cigars but don't inhale. Haven't noticed any problem so far with Pacific Life. 🌫

c3s

cacman
Herf-A-Holic

7 years ago

Lie… or pony-up if you smoke a lot.

In the end you would probably be better off investing more into your retirement accounts gaining interest than paying huge premiums to an insurance company for a fixed amount.

borndead1
Herf-A-Holic

7 years ago

It's OK to lie to insurance companies.

rfenst
Herf-A-Holic

7 years ago

It's OK to lie to insurance companies.

borndead1 wrote:

That is called a material omission or misrepresentation in civil law and fraud in criminal law.

danmdevries
Herf-A-Holic

7 years ago

cacman wrote:

Depends on the cost of the insurance though.

I have life insurance paid 100% by employer for 2 years salary.

I buy additional for less than $10/mo which increases my coverage to 3 years salary and covers wife and child for 10k each.

Abrignac
Herf-A-Holic

7 years ago

Depends

All life policies are subject to a 2 year contestability clause. Die before the 2nd policy anniversary date and they may or may not investigate depending on the cause of death. Past that point and it’s going to be paid 99.99999% of time assuming it’s an A rated or better carrier.

That being said, if a full blood workup is required don’t be surprised if it’s issued standard rate versus preferred if you’re in good health. Nicotine use can be determined from blood samples. Even if you don’t inhale nicotine is absorbed into your blood through mouth tissue.

Edited by user 7 years ago | Reason: Not specified

janetmario
Rookie

7 years ago

#10

My wife and I returned from in March 2013. I was 58 years old. I applied for a 10-year term life rate that would cover the cost of the mortgage of the home we were able to buy (just under ($200,000).

I took the physical...they asked, "do you smoke?" I proudly said, "Yes, I enjoy cigars." After a quick discussion ("do you inhale?" - "heck no", etc.), the examiner said, "Non-smoker". I asked how that could be, he told me that (at that time), there was zero evidence that people that smoked cigars (without inhaling) were candidates for lung and cigarette-related cancers. I asked them to put that in writing...they did.

So, here is my question: Have things changed?

thank you.
Mario