Beneficiaries for Smoker Life Insurance Policies?

Do beneficiaries who are smokers increase the premiums for a non smoker life insurance policy owner?

No, they do not increase premiums for the policy owner.

The owner of a life insurance policy is the one who has the rights that are stipulated in the life insurance contract. These include the right to name a beneficiary of the life insurance policy.

The person insured by the policy, who is often the owner of the life insurance policy, is the person whose death causes the life insurance carrier to pay out the death claim to the beneficiary of the life insurance policy. The beneficiary can be a person, trust, estate or business.

Get a Free Quote for Life Insurance