Houston Term Life Insurance- Why You Should Get One
Reader’s Question:
What are the advantages of Houston term life insurance?
Shane
Houston TX
If your life insurance agent is offering you to get a Houston term life insurance, then you should realize that this can help you a lot in your finances and future needs. A term life insurance policy stands out among other life insurance policies because it is very affordable, simple, and flexible. A term life insurance policy allows the policy holder to manage and opt for a certain amount of years of paying for that kind of insurance.
One of the most obvious advantages of a Houston term life insurance is its affordability. It is said that it can give policy holders at least 40% in savings compared to other kinds of life insurance policies.
Another benefit of a term life insurance is that it can be converted into another type of life insurance policy without the hassle of going into another underwriting process or the policy holder going through a medical examination. For instance, if you have a convertible sum of $20,000, you can convert this into a cash policy without having to go through a medical assessment.
It can also be converted into a whole life policy, although this can cost you to pay higher premiums. However this can be advantageous to you especially if your body starts to betray you and your health deteriorates. It would also spare you the hassle of applying for another whole life insurance policy. However you can only convert your term life insurance policy to whole life insurance policy before you reach 65 years of age.
Another advantage of a Houston term life insurance is that it is renewable. This will allow you to change the terms of your term life insurance policy according to your state of health. This should augur well especially if you are in your middle ages.
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Smoker Term Life Insurance Company
Reader’s Question:
What does a smoker term life insurance company get by offering such an insurance?
Erin
Houston Texas
Even with the recessions, insurance companies are still in business because everyone wants to leave something behind to people close to them. The same is true for a smoker term life insurance company. Even now, the insurance market is still a market that is full of competition. The reason why these types of companies exist is that they know the market for life insurance for smokers is a big one. Figures show that in the US for example, around 25% of the population smokes despite the fact that lung cancer is the number one cancer when it comes to deaths.
So what do these companies get? Customers for one. Customers go to a smoker term life insurance company not because of the rates per se, but rather only on the possibility that they may get to pay less premiums. The company can do this since they define some terms differently from the traditional insurance. Unlike other companies, an insurer that offers policies for smokers differentiates what smoking is or is not. They not only have a different definition of what smoking is, they also consider the frequency that you smoke as one factor.
For example you’re the type that only smokes cigarettes on occasion. You will be frustrated once you learn that the average insurance company will still consider you as a smoker. Already quit smoking? If five years hasn’t passed, then don’t even consider buying a policy.
These are the people that this type of company wants to corner and there are a lot of them. It’s a lot like insurance for senior citizens. Companies before didn’t want to cover older people because they felt that they had a high risk of dying which meant paying out the benefits even before the person has finished the term. A simple search would reveal that there are also now a lot of companies that offer insurance to the elderly.
To answer your question, what does a smoker term life insurance company get by doing this? Simple really. Money.
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Quick Life Insurance for Smoker, TX
The life insurance companies want to charge me my first born child because I’m a smoker! I’m sick and tired of talking to life insurance companies. Got any shortcuts?
Alex,
Houston
Alex,
I feel your pain! I think you have been barking up the wrong tree and searching for life insurance with the biggies. They have an investment to protect and people who smoke have more health problems and die younger making the possibility of leaving more dependents behind higher. What you need is a company that specializes in covering smokers and don’t over charge them. Fill out the form at the top of the page and you can get quotes from these companies for free. It takes a few minutes to fill out and the quotes come to you. May your search be brief and fruitful!
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Hide Smoking from Life Insurer
What if I just don’t tell the insurance company that I smoke? How are they going to know?
LoneStar234
Conroe
What they don’t know won’t hurt is what your thinking. This might save you some money in the short term but if something happened and they found out this would disqualify you from getting benefits. What would that mean to your loved ones left behind? It is really unthinkable, so don’t think about lying. Tell the truth because your loved ones deserve the very best care when you are gone.
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Life Insurance for Tobacco User in Houston
Well I don’t smoke, but I do chew tobacco regularly? Does that count?
John
John,
Well it would seem that chewing would not damage your lungs so it shouldn’t be considered the same right? Wrong. Life insurance companies look at tobacco usage the same way they look at smoking and would raise your rates just the same. That is why I would recommend a company that specializes in covering people just like you. Save your self some time and effort look at companies that specialize in covering smokers.
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Cheap Life Insurance for Happy Smoker in TX
I like smoking and I don’t want to stop. All of the insurance companies want to charge me more for smoking. How can I find life insurance that I can afford?
Anonymous
Anonymous,
There are actually a few niche insurance companies that specialize in covering smokers. They base their rates on the type of tobacco consumed and how often you consume them. You may be able to get the same rate as a non-smoker. Be sure to get quotes from more than one provider. If you fill out the form on this page it can help you with that. I wish you well on your search and hope you get a great rate.
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Does a Nicotine Patch Make a Smoker for Life Insurance?
I am trying to quit smoking and I am using a nicotine patch. If I try to get life insurance will they consider me a smoker?
sherri3
Spring, TX
Sherri3,
I applaud your desire to kick the habit and become healthier. Most life insurance companies require that you have exam before they will insure you. Any blood test will reveal that you have nicotine in your blood. The test does not show whether it got there from smoking a cigarette or a nicotine patch. This would raise your rates. You can go with a company that does not require an exam if you are young and healthy, but their rates tend to be higher and if it was discovered that you smoke then you may lose your benefits. Whomever you decide to go with, be honest. The fact that you are quitting is noble but you are still considered a smoker. Be sure to do your homework first and get many quotes so you can make a well informed decision.
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