How long does one enjoy to own stopped smoking to see a significant drop within time insurance premiums?
If you are/were a smoker, at what point do life insurance premiums for a quit-smoker equal that of a non-smoker?
Answers:
For most standard policies it is 1 year. To qualify for preferred or super preferred polices it is much longer, 5 years or more.
If you are not truthful, most blood and/or saliva test will show you clear of nicotine and tobacco after quitting for 1 month.
1 year rule...for most
at lowest possible that is what they articulate...
The rules vary by company but here are some guidelines:
http://www.lifeinsuranceadvisors.com/smo...
You involve to be 1 year smokefree to get non-smoker rates. There is one company available that will consider you in a minute for non-smoker rates if you are a cigaretter smoker.
For "Preferred Best" non-smoker rates - 3-5 years smokefree.
For "Preferred" non-soker rates - 1 year smokefree
I could be wrong, but I reckon that for some insurers it is as long as 5 years. That would make sense as I believe that contained by 5 years your risk of lung cancer drops to a comparable person who is a non-smoker.
It may vary next to the insurer Alex, but one things for sure. The lungs and eyes are the quickest healing tissues contained by the body. After 24 hours (I think) they say the lungs regain some of their lost dimensions. And it just get better from there.
Good Luck
1 year on mortgage protection insurance
Usually its 12 months.