Life Insurance in Georgia
Reader’s Question:
What kind of life insurance policy here in Georgia should I buy if I am a heavy smoker? And would I also be considered a smoker by chewing tobacco?
Sinead
Atlanta, GA
One of the things that you should remember as a smoker is that regardless of what kind of life insurance policy you choose, you will inevitably have to face premiums that are generally, around three to four times higher as compared to what non-smokers would pay for the same kind of life insurance coverage.
If you’re not aware as to why, smoking (and using any nicotine-based products such as Cigars, Pipes, Nicotine Gum, Chew, Snuff, Cigarettes, Dip, and Nicotine Patches regularly or otherwise, would qualify you as a smoker) would significantly magnify your risk of shortening your lifespan via long-term respiratory illnesses, a few forms of cancer and an overall deterioration of your health and longevity. And this wreaks havoc on your life insurance premiums, and it will only get worse as you grow older and continue with your smoking habit.
The type of life insurance policy that you should get there in Georgia should still address your financial goals, and the future financial needs of whoever your beneficiaries are. You would need to put some extra effort in looking for more affordable life insurance rates. One of the best ways to do this would be to run a free life insurance quote using the web site) or any other life insurance portals available on the Internet. Companies have different ways of computing your premiums and you may still find a carrier that would have relatively lower premiums to offer a smoker.
Tags: Smokers Life Insurance, Insurance Coverage, Life insurance advise, Insurance Company, Affordable Life quote
Smokers No Exam Life Insurance
Reader’s Question:
How does life insurance companies compute life insurance rates? I was talking to some life insurance agents here in South Carolina and all of them quoted higher rates for me. A friend told me its because I’m a smoker, is this true?
Desmond
Columbia, SC
There are a lot of factors used to determine your life insurance rates . Age, gender, weight, any health conditions you may have, your family’s medical history, your job, your lifestyle or activities you participate in, whether you take drugs, recreational or otherwise and yes, even being a smoker would definitely be considered when determining your life insurance rates. Once you submit an application with a life insurance provider there in South Carolina, they would use these information to evaluate your risk profile. The higher your risk of dying sooner, the more the provider would compensate for this risk by charging higher.
Smoking can actually cause your life insurance rates to be three to four times more expensive. Obviously, this is due to the serious, long-term implications that smoking brings to one’s health and lifespan.
If you are not happy with hat you are being quoted for life insurance, another option would be to go with a No-Exam life insurance policy that would not require to you to undergo any physical and medical exams. Although premiums for this kind of policy is not really cheap either, it may prove to be lower than what you will have to pay normally for being a smoker. Still, these are all guides and the best way to get affordable life insurance is to shop around. The Internet is full of life insurance portals that allows you to get quick, easy quotes and be able to compare companies for the best rates.
Buy No Exam Life Insurance Policies
Reader’s Question:
How can I buy a no exam life insurance in New Jersey?
Ashley
Newark, NJ
Non medical exam life insurance is also called as no exam life insurance. Because life insurance companies want to avoid risks, they ensure that their customer is in good health or in fairly good health by taking a medical examination. Non medical life insurance policy is usually issued to younger people, say under 35, because they have a lower probability of dying soon from a sort of illness. Life insurance companies actually benefit from issuance of no exam life insurance because it eliminates the costs of thoroughly investigating a life insurance policy.
Life insurance companies in New Jersey can also issue no exam life insurance policy up to age 60. A 50 year old for example can acquire a no exam life insurance policy without any medical examination. To apply, the life insurance company will ask you to complete a questionnaire including the medical history of your family. This is because there are certain illness that is hereditary like breast cancer and heart disease. If there is a history in your family, this indicates that you are also likely to develop this type of disease. With your consent, the life insurance company may ask your physician for a medical report which will ascertain that you do not have any illness in the present time. There are people who only find out that they have serious illness once they completed the medical examination. Although they may not get the life insurance, the findings of their medical examination may be just in time to treat the illness and save their lives.
Whole Life Insurance Facts
Reader’s Question:
What are the benefits for choosing to get a Whole Life Insurance Policy from an agent here in Ohio?
June
Cincinnati, OH
Whole life insurance policies are best for individuals nearing retirement age, and is looking into building up cash-value towards their money in the future. With this kind of policy you get the same death benefits as would most types of life insurance coverage, but a portion of the premiums you pay actually goes into building your policies cash-value, it’s kind of like having a savings account that earns tax-deferred interest over time as well as having life insurance protection. If you have a large sum of money there in Ohio, you could also purchase the whole value of the policy in one go (known as a Single Premium Life Insurance). There is also a form of whole life insurance hath is interest-sensitive and allows you to adjust your premiums to reach the policies goals depending on how the economy is going.
Another thing that a whole life insurance policy has going for it is that the premiums are mostly fixed. This is very attractive to people who choose to pay for insurance for the rest of their lifespan but does not want to go through the hassle of having to renew every decade or so. You do have to understand that whole life is more expensive than term life insurance so if you are looking for short-term coverage only then you may benefit with term life insurance. However, if you want your money building up over the years while having life insurance “just in case”, then whole life insurance is a good option for you.
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