Kferguson Posted February 1, 2018 Share Posted February 1, 2018 Anyone have any experience with getting life insurance as a cigar smoker? I think if I set the date back far enough it shouldn't be a problem with a blood and urine test.That tobacco premium is more than double though.... Link to comment Share on other sites More sharing options...
Fuzz Posted February 1, 2018 Share Posted February 1, 2018 Why lie? Yes the cost is higher, but if you get caught out, they can void your insurance and refuse payout. Link to comment Share on other sites More sharing options...
Kferguson Posted February 1, 2018 Author Share Posted February 1, 2018 @Fuzz That is a really good point. I really don't like being dishonest. I guess I just never really saw my 2 to 4 cigars a month as something detrimental. Link to comment Share on other sites More sharing options...
Fuzz Posted February 1, 2018 Share Posted February 1, 2018 Some insurers do offer the non-smoker rate, or just a bit higher than non-smoker rate, to cigar smokers. I just Google'd it, and came up with this website: https://www.bestlifequote.com/blog/term-life-insurance-as-a-cigar-smoker/ . Maybe a bit out of date, but it is a good start. 1 Link to comment Share on other sites More sharing options...
Kferguson Posted February 1, 2018 Author Share Posted February 1, 2018 @Fuzz Thanks man, I appreciate the help. The irony being the money that I save will probably get used for cigars haha. 1 Link to comment Share on other sites More sharing options...
Philc2001 Posted February 1, 2018 Share Posted February 1, 2018 Back when I used to carry life insurance I always replied 'no' to the smoking question, but I made sure to mention to my agent that I was an occasional cigar smoker. She asked me how many cigars I smoked, and I said about 1-2 per week, which was reasonably accurate at the time. She told me that was no problem, as long as I don't smoke cigarettes and I don't inhale cigar smoke then there shouldn't be any problem. I think at 3 or more per week some insurance companies will classify you as a smoker. Have you familiarized yourself with the life insurance bell curve? I'd be happy to explain that over PM. Despite what the slick-talking agents say, insurance is NOT an investment and certainly not a savings vehicle, it is purely a supplement to your wealth in case you die unexpectedly, but you will likely never file a death claim (less than 2% ever do). I'll leave it at that, but let me know if you have questions. 1 Link to comment Share on other sites More sharing options...
Phillys Posted February 1, 2018 Share Posted February 1, 2018 25 minutes ago, Philc2001 said: but you will likely never file a death claim (less than 2% ever do). I'll leave it at that, but let me know if you have questions. How come, isn't that the point? Link to comment Share on other sites More sharing options...
Philc2001 Posted February 1, 2018 Share Posted February 1, 2018 How come, isn't that the point?Over 98% let their policy lapse as they age and their premiums skyrocket. Past age 50 it gets very expensive. Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Islandboy Posted February 1, 2018 Share Posted February 1, 2018 Or you out-live the term, something I’m hoping to do. Link to comment Share on other sites More sharing options...
Philc2001 Posted February 1, 2018 Share Posted February 1, 2018 2 hours ago, Islandboy said: Or you out-live the term, something I’m hoping to do. Exactly, that's what I meant by "lapse". My term policy was costing me $40/month, but once it expired the company offered me a new policy at $275/month. I said "no thanks"! Insurance companies have good actuarials and statisticians, they know better when you're going to die than you do. Link to comment Share on other sites More sharing options...
dominattorney Posted February 1, 2018 Share Posted February 1, 2018 18 hours ago, Kferguson said: Anyone have any experience with getting life insurance as a cigar smoker? I think if I set the date back far enough it shouldn't be a problem with a blood and urine test.That tobacco premium is more than double though.... Go with Prudential if you're in the states. It wasn't so bad. I told them I smoke 3-4 times a week, and had no tobacco/nicotine in my blood. I agree, better to pay for it extra up front than risk your loved ones get stiffed if an autopsy finds out you lied about this. Link to comment Share on other sites More sharing options...
cigcars Posted February 2, 2018 Share Posted February 2, 2018 * I got on that insurance quote site - and GEEEZZE - wow they wanted just as much (if not MORE) than the life insurance companies not giving us cigar smokers a break! Link to comment Share on other sites More sharing options...
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