Life insurance is a critical purchase. In fact, it’s one of the best safety nets that you can ever buy for your loved ones. When you apply for life insurance, the company is going to look at dozens of different factors to calculate how much of a risk you are to insure.
One of the most important factors is if you’re a tobacco user. Being listed as a tobacco user is going to drastically increase your premiums rates because you’re a much higher risk.
When you apply for life insurance, it’s vital that you get the best rates available and that you understand exactly what the insurance company is going to test for during the application.
Cotinine And Life Insurance Medical Exams
The insurance company is going to look at everything from your age to your overall health. During the medical exam, they are going to take a urine sample and a blood sample to look for any severe health complications or traces of tobacco usage.
One of the common questions that we receive is about how long the insurance company will be able to detect any tobacco usage, and several different factors are going to impact the answer. The biggest factor is what kind of test the company uses.
The first one that we will look at is a blood test. These tests are very sensitive and can detect even small traces of cotinine in your body. These tests are only accurate for up to around two weeks, but different factors could impact that number, like your age and how often you use tobacco.
The most common type of test that the insurance company will use during the medical exam is a urine test. These tests are the cheapest and easiest to use. With a urine test, the insurance company will be able to detect cotinine for up to three weeks after your last use depending on your age and how often you smoke.
The last kind of test is a saliva. These tests are the most accurate, but they also the least common type of test that the insurance will use. With a saliva test, the insurance company will be able to give an approximate number on how much tobacco that you use. With these tests, the company will be able to detect cotinine for up to several weeks.
How Much Life Insurance Do You Need?
Aside from getting life insurance, it’s vital that you get enough coverage for your loved ones. Before you apply for life insurance coverage, it’s vital that you calculate your insurance needs. Not having enough life insurance could leave your family with a mountain of debt. Several factors are going to go into your life insurance needs.
The first number to add up is all of your debts and final expenses. If something tragic were to happen to you, your family would be responsible for all of your debts, which can quickly add up to hundreds of thousands of dollars. The primary goal of your life insurance policy is to give your loved ones the money that they need to pay off all of those bills without causing any financial struggles.
The next number to crunch is your annual income.
If you’re one of the primary income earners in your family, you’ll need to have a life insurance policy that is largest enough to replace your stream of income if you were to pass away. When you’re shopping for life insurance, look to get seven to ten times your salary.
Getting Affordable Life Insurance As A Smoker
When you’re looking to get life insurance, being listed as a smoker is going to cause your premiums to shoot up, but that doesn’t mean that your application has to break your bank. There are several simple ways that you can ensure that you’re getting the lowest insurance rates possible.
Even as a smoker, you can get an affordable life insurance plan.
The first thing that you should do is start getting regular exercise and stick to a healthy diet. These will help you lose weight, lower your cholesterol, lower your blood pressure, and much more. All of these can help you get much lower rates from the insurance company and keep more money in your pockets.
The next thing that you should do is eliminate any tobacco that you currently use. As we mentioned earlier, being listed as a tobacco user is going to cause your rates to go up drastically. If you want to get the most affordable life insurance policy, you’ll need to eliminate any tobacco out of your life.
Life Insurance And Smokers
Life insurance is one of the most important investments that you’ll ever make for your loved ones. It’s the best safety net that you can buy to ensure that they have the money that they need, but we know that finding the perfect plan can be a frustrating process, but it doesn’t have to be. Our agents are here to ensure that your loved ones are getting the protection that they need, and we can help you find that protection at an affordable price.
If you have any questions about life insurance for smokers or about the various kinds of plans available to you, please contact one of our agents today. We would be happy to answer those questions and connect you with the best plan for you. Don’t wait any longer to get a quality insurance policy.