Cigar smoking and Life Insurance premiums.

[brigey57]

Well in that case it won't much matter cause to collect you need to be dead.

Originally Posted by BigCat

Most of the time the agents are considered to be independent agents, meaning that they are working for you, not the insurance company, when they submit your application. That means that the insurance company will tell you that they don't care what you told the agent - it only matters what is on the application. If your agent screws up, you can always sue him for negligence, but it won't be grounds to get benefits that you told the agent something and he decided not to include it on the application. Just wanted to throw that out there...

[BigCat]

Originally Posted by brigey57

Well in that case it won't much matter cause to collect you need to be dead.

Presumably the insurance is purchased to protect your loved ones who aren't dead - the company will deny their claim on the policy and and then they'll have to try to sue the agent.

[brigey57]

You do know that I understand that and my response was said sarcastically or why else would I look to buy Life insurance in the first place? Thank you for clarifying your point...

Originally Posted by brigey57

I did disclose the information to the agent with words like in an effort of full disclosure, I do on occasion smoke cigars. So there is no I didn't disclose the information. Fortunately it is coming off of the Winter.

[BigCat]

Originally Posted by brigey57

You do know that I understand that and my response was said sarcastically or why else would I look to buy Life insurance in the first place? Thank you for clarifying your point...

It wasn't clear to me that you were being sarcastic. It's one of the weaknesses of the written word at times. I was merely trying to shed light on an apparently overlooked point.

[JohnE1000]

If you lie, they will refuse your claims, then what is the insurance good for?

[Blueface]

Originally Posted by JohnE1000

If you lie, they will refuse your claims, then what is the insurance good for?

Well, applications are contracts. You agree to certain terms as does the company. Misrepresenting information not only yields a claim possibly not being paid but also may yield what they call void ab initio. This means your policy is void and never existed.

Now, back to the cigar thing, what if you are not a cigar smoker but later become one and the company doesn't f/u with you as the years pass to see if factors have changed? How on Earth will they be able to prove you intended to defraud on the application by proving you were actually a smoker at that time? Just hope they too are not on CA. (hint.................things that make you go hmmmm).

However, I won't advocate that. I am the guy that approves those voids when people lie on applications. Not a nice thing when that happens.

[Ahbroody]

This is a very valid point. Insurance companies dont follow up. More I have been able to find nothing regarding if you start smoking cigars later in life. They will not deny based on that and it is not on you to tell them you have begun smoking. The policy is based on the terms at time of signing. Given how bad insurance companies have and continue to screw people sorry if I lack compassion for them. That said I will likely disclose casual cigar use. I worked as an insurance adjuster for over 2 years. The primary focus on all claims was tryimg to see if coverage could be denied. Insurance companies love to take money and make profits, but sure dont like giving you any of your money back.

Tomorrow will make 1 week no cigars. Looks like I will make 2 weeks before the physical. That will make for an interesting dilemma.

For those of you who live in Ga, I know an agent/financial planner (who's a fellow BOTL)that sells a smokers policy that's rated/treated as non smokers insurance.

I'm probably not explaining this right, but you're not penalized for
being a smoker and you don't lose any benefits. I can send you
his contact info if you like.