Posted: Tue Feb 05, 2008 10:50 pm Post subject: Chewing Tobacco
Does chewing tobacco carry the same weight as smoking? I'm a PA and rarely see medical complications due to this, especially when compared to smokers. Most of the people I take care of are smokers. If my spouse were to start up again in the 2 year grace period and died of mouth cancer 4 years later, would be have a problem with the policy? The addiction is very strong for some and can become an issue for them at any time. _________________ Register Now to have your Insurance queries solved.
Chewing tobacco, in some cases, is even more harmful than regular smoking.
A bit off topic, but about 10-15 years ago, CNA had a term policy called "smoker's choice." If you were a smoker, you received nonsmoking standard rates for three years. The canned that policy as very few of the smokers stopped smoking. CNA had some interesting twists with their policies.
Imho it's the responsibilty of the policy holder... he or she should notify the agent or insurance company... reason? Cause the risk significantly changed.
For me, my answer would be NO. Why? because it would increase my insurance premium. As long as I don't have smoking related diseases, I won't bother to tell them. _________________ Free Insurance Quotes
That is why some textbooks use "one way street" to describe the manner how life insurance companies deal with change of risks before and after insurance application.
When applying for life insurance, if a person has medical conditions and is subject to premium loading, he can request insurance company to review his premium rate if in later years he shows improvement in his heath condition.
Similar requests can also be made by a person who when applying for life insurance is subject to premiuim loading due to occupational risks or smoking habits.
On the other hand, if a person is at standard risk when applying for life insurance but starts to develop some heath problem or picks up smoking habits in later years, he is not required to pay higher premium.
