Are you looking for a smoker term life insurance policy? You might already know that most Canadian Life Insurance companies consider you a smoker if you smoke anything or consume any type of nicotine – even a patch or gum!
It is possible to get non-smoker life insurance rates if you have an occasional cigar, use a pipe or chew tobacco on occasion. Or the rates could be based on a special class between smoker and non-smoker rates.
If you have quit smoking recently the life insurer might still consider you a smoker for years after.
There is life insurance for smokers that will allow you to reduce your premiums to non smoker rates if you quit smoking after buying the policy.
A good life insurance broker will know how the insurance companies treat smoking in their underwriting. If you are a smoker looking for life insurance you should use a life insurance broker to find the best policy for you.
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Always speak with a licensed insurance representative about your specific situation.
This site is general in nature and there may be errors or ommissions