Reader question:

Can I compare rates for no exam life insurance coverage online as a smoker?

Rick

Thanks for asking, Rick.

As a smoker, if you compare rates for no exam life insurance coverage online, then you might get a preferable rate to what you would have been getting with an offline life insurance company which required an exam. If you smoke daily, then an exam would have picked up the nicotine in your urine anyhow, and so you probably would have gotten a substandard rating on your policy, which could mean hundreds of dollars out of your pocket. Even after you quit smoking, it takes five years with a standard company to get back to the point where you can get the best kind of ratings, which is the preferred policy.

Now, does that mean that if you compare rates for no exam life insurance coverage online, you’ll automatically get the best rates? Of course not. You should get a physical for another company anyway, so that you have that as a basis for comparison. After that, check out the online no exam rates. They’ll also be high, but you’re hoping they won’t be AS high.

take care,

Fashun