Oct 19
Think you qualify as a non-smoker for life insurance…think again!
You quit smoking last year so you are a non-smoker, right? WRONG! In order to qualify for the BEST rate class (preferred plus) you must abstain from smoking for at least 5+ years! There are companiesout there that will offer the best rate to people who quit less than 3 years ago. Finding them is only one battle. Even though these companies may be good if you’re a smoker…they may be bad with your other health ailments such as high cholestoral.
What should you do? Shop around. Use a broker or call multiple insurance companies to make sure you get the best deal. And, if you have life insurance and were a smoker when you bought it 3-5 years ago, you may want to consider re-financing your policy. You may be able to save money even though you’re a few years older.
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