Cigar smoking and Life Insurance premiums.

[jkim05]

Originally Posted by 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 all life insurance claims, the insurance company has 2 years from the date of the contract to make any adjustments or amendments to the policy, and that is only for information that was discovered later relevant at the time the policy was underwritten. For instance, if a criminal history was discovered subsequent to the original issue of the policy or some relevant medical information was not disclosed originally, but found out later by the insurance company, they could raise your rates or cancel the policy outright depending on the issue. However, any changes that happen subsequent to underwriting is not subject to disclosure. You could have a had any number of health conditions, but if it was not preexisting or did not come up in underwriting, the life insurance company cannot deny a claim on that basis. Once the policy is issued, you can do whatever you want, but you don't want to lie prior to the policy being issued also.

[Ahbroody]

Originally Posted by jkim05

For all life insurance claims, the insurance company has 2 years from the date of the contract to make any adjustments or amendments to the policy, and that is only for information that was discovered later relevant at the time the policy was underwritten. For instance, if a criminal history was discovered subsequent to the original issue of the policy or some relevant medical information was not disclosed originally, but found out later by the insurance company, they could raise your rates or cancel the policy outright depending on the issue. However, any changes that happen subsequent to underwriting is not subject to disclosure. You could have a had any number of health conditions, but if it was not preexisting or did not come up in underwriting, the life insurance company cannot deny a claim on that basis. Once the policy is issued, you can do whatever you want, but you don't want to lie prior to the policy being issued also.

I read all this online. Like I said earlier. I will disclose the occasional cigar. That said being healthy, young, a runner, non drinker, I dont see any health issues arrising from cigars in the next 2 years. It has almost been a week since I had a cigar though and will likely be another week apparently before this dude gets off his arse and gets out here. I am sure I will test negative.

I tell you what the Cohiba Esplendido I got in the MAW will meet its end after this physical.