Not only is smoking bad for your health, it’s also bad for your wallet. Most insurance companies charge much more to insure smokers – nearly four times more than what non-smokers pay in some states.[i] Fortunately, many insurance companies will lower rates after you quit smoking, so you might eventually qualify for non-smoker rates. Keep in mind that switching to a different source of nicotine, like patches or gums, usually won’t help since nicotine users typically still pay smoker rates. It’s also unwise to lie about a smoking habit. Not only is it going to turn up in a medical exam, but lying on an insurance application could be grounds to deny or challenge a claim.
Bad Driving Record
Tickets, DUIs, and DWIs (Driving Under the Influence and Driving While Intoxicated) can have a serious effect on your ability to qualify for life insurance and may deny you the best rates. Speeding and drunk driving are high-risk behaviors that can make insurance companies wary of doing business with you. If you have a problematic driving record, be prepared to shop around and answer questions about your history.
High-Risk Hobby or Profession
Do you enjoy skydiving or climbing high-altitude mountains? You could end up paying more for life insurance. Insurance companies worry that participants in high-risk activities might come to an early end and want to be compensated for the extra risk. If you work in a dangerous profession like logging, mining, fishing, or construction, you may also fall into a high-risk category.
If you’re concerned about how lifestyle risk factors may affect your ability to qualify for life insurance or get affordable premiums, we can shop the insurance market to find a policy that offers the best rates. If you have any questions about life insurance or risk factors, please give our office a call at 954-290-5142 or email email@example.com
Brian Symanski - President
4611 S. University Dr.
Davie, FL 33328