Cigar smoking and Life Insurance premiums.

[wayner123]

Originally Posted by ckay

Two things:

They do not test for nicotine. They test for cotinine.

Also, there are companies that look at cigar smokers more favorably than cigarette smokers. I write policies for many BOTLs and get my underwriters to look more favorably towards us.

A side note...insurance companies are going towards tobacco/non-tobacco classifications.

It is absolutely okay to tell the agent that you enjoy cigars and you should disclose this.

Lastly, if you are young and healthy, DO NOT BUY TERM! TERM NEVER PAYS OUT AS YOU ARE INSURING THE HEALTHIEST PART OF YOUR LIVES!

In reference to the bold above, I don't understand what you mean. The addage has always been buy term and invest the rest.

And just to add, some companies won't sign you as a non smoker even if the test comes back negative. If you tell them you smoke cigars and the test is clean, they still might put you on a smoker's rate.