The price of life insurance is dependent on multiple factors and one of these is the habit of smoking/consumption of tobacco. So, if you are a smoker and thinking of buying a life insurance policy, here is what you should know.
For decades, smoking has been the leading cause of various life-threatening diseases such as lung cancer, stroke, heart disease, and tuberculosis. It’s no wonder then that the habit is also considered hazardous for your life insurance premium. According to the underwriting rules of several life insurers, life insurance policy premium is influenced more by smoking habits of the policy buyer than any other factor in general.
