Cigar smoking and Life Insurance premiums.

[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.

Originally Posted by CigarNut

If they can find proof that you did smoke cigars when you signed up for the insurance then they can get out of paying out the insurance regardless of how you died because you "lied" on your application. This is from a friend of mine who sells insurance.

It's much safer (in terms of Life Insurnance) to say "yes" to the smoking question.

[BigCat]

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.

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...

[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?

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.