Top 5 Most Asked Questions for Smokers

Posted on July 21, 2014 and updated April 29, 2015 in Infographics, Life Insurance Canada News, Life Insurance FAQ, Underwriting Questions 1 min read

Are you a tobacco, cigar, or e-cigarette user who’s curious to read what insurance companies have to say about insuring you? Well, look no further! We have some useful information on this topic. Or perhaps you don’t smoke but know someone who does and is wondering why their premium is much higher than yours. Here at LSM Insurance, we have constructed an infographic answering basic questions in regards to obtaining life insurance for smokers.

Top 5 Most Asked Insurance Questions for Smokers

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Donald
Donald

Interesting infographic. It’s easy to understand and I find it has answered most of my questions. It’s unfortunate that e-cigarette smokers still get the smoker’s penalty.

LSM Insurance
LSM Insurance

I think this is especially troublesome for E Cigarette users who do not use nicotine.

Ami
Ami

Good and informative piece. However, and as an important caution, I would add that the reference to 12 months doesn’t fairly reflect the entirety of the picture, unless this brochure only refers to the “Regular” / “Standard” class. Many (most) of the Preferred “non-smoker” and Elite classes require a period of no tobacco, nicotine or related substance consumption that is longer than 12 months and may extend to as long as a minimum of 60 months. The risk of not providing true information is the same. There is also a serious hazard that I can see with criteria that refer… Read more »

LSM Insurance
LSM Insurance

You make a versus good point on 1 cigar per month versus 12 per year. Some one who smokes two in a month but under 12 a year would not qualify under the one per month wording.

I also agree the application question wording is crucial and if you need clarification the insured should get it in writing.