The essence of procuring and maintaining a policy has been a tacit established truth for the significant players in the insurance industry. One equally vital concern that you should have a look at is the underwriting process. The insurance companies consider a number of factors in order to arrive in a decision whether or not to accede to the requests of an applicant. During this procedure, the rates are calculated as well. There are certain policies such as life insurance smoker whose premiums are slightly expensive. Find out in this article what factors can increase the rates you will most likely pay. In addition, there are loads of tips as you read on that will come in handy as you try to seal the deal with your chosen carrier.

Here are some of the factors that the underwriters pay attention to when they make a decision how much rate you would pay if your application will be approved.

– Health -individuals who are in greater shape gets the lowest possible figures. In evaluating your health standing, you will be asked to answer a few questions that pertain to your medical history including your family’s to check on hereditary diseases. You will also go through urinalysis, blood tests and other medical exams to check alcohol, drug or nicotine traces.

– Way of life -the underwriters will want to know if you are taking alcohol, drugs or if you are into smoking. This is because the mentioned vices can result to fatal illnesses and cut down your life expectancy.

– Income -more often than not, those who hold a regular position in their respective works are offered lower rates compared to part-timers.

– Age -there is a great possibility that younger persons would get lower rates as they will most likely outlive the plan and they are more capable of paying the premiums since they are in their heydays.

– Driving records -the people who have maintained their driving records free from any serious violations will make a good impression before the underwriters as they seem to value their lives more than the others.

In fairness to the insurance companies, there are rare instances wherein they deny the applicants the right to get protection just because of smoking, like when the latter has acquired a terminal illness caused by constant smoking. But more often than not, the underwriters would only come to a decision to increase the rates they would pay. Nonetheless, the carriers will sort of compel you to eventually say not to the bad habit and/or at least exert efforts to cut down on your tobacco consumption. Life insurance smoker plan will render this void and will grant you protection while allowing you to keep on living the not so healthy lifestyle you have grown used to. All these privilege come at a costly price in the literal sense though. This is because the extra payments will recompense the carrier for the unnecessary risks that they have to take. This is inevitable as the insurer’s interests ought to be protected too.

Pop culture has wrongly encouraged this bad habit. The public has been warned time and again by many different groups and organizations from various sectors about the harmful effects smoking can have on one’s health. It can result to a number of illnesses such as emphysema and other pulmonary problems. Some of them can be even fatal like the lung cancer.

The insurance companies have all the rights to be alarmed under the circumstances wherein the applicant has been smoking chronically. A number of clinical studies have been one in agreement that this bad habit can cut down to 14 years at the most in one’s life expectancy. In addition, most of the subjects started lighting a cigar at such a young age. If there are too many policyholders who are chain smokers, the carrier will have to pay out more frequently as their clients will die sooner without paying sufficient premiums. This will spell out disaster as it affects their finances. This is why the insurers cannot condone this and should ask for extra payment to protect their interests.

Smokers should not lose heart as there are still means through which they can obtain lowest probable figures. While the option of saying no to smoking may come off as something harsh, it can only benefit them. Aside from the lower quotes they can get, they can spend longer time with people they care about as they will tend to live for a longer time.

Article by Gregory Winans who is a specialist in life insurance. If you are interested in getting more information about smokers insurance, you should visit his site today as there are a lot of information that you will find useful.

Article by Gregory Winans who is a specialist in life insurance. For more information, visit his site at http://www.termlifeinsuranceforsmokers.com.

Author Bio: Article by Gregory Winans who is a specialist in life insurance. If you are interested in getting more information about smokers insurance, you should visit his site today as there are a lot of information that you will find useful.

Category: Finances
Keywords: life insurance smoker