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For your info, there are three life insurance basic classifications according to the premiums that you are going to give. These are the standard, the preferred, and the preferred plus. The kind of classification that you will be part of depends on the kind of lifestyle and the health that you have depending on your past and present health and medical records. If you haven’t smoked for the past five years and better if you have never smoked before, you will be classified in a lower premium fee. This is because you have a lesser chance of early death and also for having excellent health condition.

If you haven’t smoked cigarette for the past three years then you can be classified as a normally healthy individual, which will mean that you will have a standard classification for the premiums of your insurance policy. By having this kind of premium classification, you are required to pay a normal life insurance rate. On the other hand, a smoker will pay a higher rate of premium compared to the standard classification. Potential risks of life will also mean prudence for the companies that are offering life insurance.

If you tried applying of an insurance of this sort, they will definitely ask you if you are a smoker, or if you have ever used tobacco before. If you answered yes to any of this question, probing will continue and they will even initiate a medical examination to know more about your health. This goes the same with occasional smokers.

Article written for oneshopinsurance.com
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