A smoker life insurance policy is a relatively newer entrant into the field of insurance. This kind of life insurance policy offers comprehensive life insurance coverage in case you are a smoker.

Who is considered a smoker?

Generally before taking a life insurance you would be required to do some tests. In case it is found that you have considerable amount of nicotine in your system you would be declared a smoker and would need to take a smoker life insurance policy. So it is better to admit to the insurance company that you smoke. In case you have quit smoking then also do reveal this, along with the date of when exactly you quit. Generally most insurance agencies will have different insurance schemes for different kinds of smokers. If you quit smoking say five years ago you may be eligible for a lower premium insurance as compared to say one month a go. In the same way a chain smoker will have to take higher premium insurance than a light smoker.

Why should I tell the insurance company that I smoke?

This is a rather tricky question. The fact of the matter is that most insurance agencies would take you by the word of your mouth given the rising competition in the world of life insurance. But what happens in case you die and they find out that you were a smoker. The insurance company will then have a right to rescind the insurance policy and pay no claims. This is a rather serious problem to deal with instead of paying a little more premium and getting the claims approved.

There are many insurance agencies today who offer smoker's life insurance policy that is designed specifically for smokers. Most of them will be ready to offer lower quotes, so be sure to shop around a bit. In addition also make sure to check the financial strength of the insurance company and its past records before selecting the insurance policy.