Can Life Insurance Companies Tell If You Smoke?

Life insurance companies will ask on the application for coverage if you do smoke, in addition, they may require you to take a medical exam including a blood, urine, follicle or swab test to determine if you smoke.

If you are rerouted by the insurance company to take a blood test, urine test, or swab, the presence of nicotine will show up in all those tests.

If you have ever taken Chantix or other prescription drugs to help you quit smoking, the insurance company will see that on your pharmacy record.

If your medical records from your doctors show that you smoke or have smoked in the past, and you have a health condition that causes underwriters to order your medical records from your doctors, the life insurance company will take the word of what is written in your medical records.

If you're applying for a life insurance policy with a medical exam required, one of the items they test for in the urine test is the presence of nicotine in your system. If nicotine is present in your system, whatever risk class they approve you at will also be based on tobacco user rates. There are some life insurance companies that may offer you non-smoker rates depending on the frequency of your smoking.

Please note, even if you buy a non-medical life insurance policy and you lie on the application about your tobacco usage, saying you son;t use tobacco when you do, if you die in the first 2 years of being insured by the life insurance policy (the Contestability Period), and the insurance company discovers that you intentionally misrepresented the information on the application, they can refuse to pay out the death benefit to your life insurance policy's beneficiary and only give them the premiums that were paid into your policy.

Does Term Life Insurance End At A Certain Age?

Yes, usually term insurance policies end or expire at a certain age. The exact age depends on the particular term life policy, but age 85 is a common age for most term life plans to end. Term life insurance polices are often renewable and convertible. That means that they renew for a higher premium at the end of each term period which may be 10, 15, 20 or 30 years, for example. It also means that up to a specified age you can convert the term life policy to a level premium permanent life insurance plan that does not expire before you do. The permanent life insurance policy will provide you with lifetime coverage and not expire, as long as the premiums are paid. Here's how you can learn more about how a term life insurance policy works.

What Are The Top Rated Term Life Insurance Companies?

Are you looking for the top term life insurance company for your term life coverage?

If so, there are hundreds of term life insurance companies in the U.S.A. that offer term life plans for 10, 15, 20 or 30 years of coverage.

Among the most popular term life carriers are names you may already know, including Prudential, Met Life, State Farm, and New York Life.

But which are the top term life companies? Well, there is a list issued each year by the III.org (Insurance Information Institute) which shows the top term life insurance companies based on the total number of individual term life insurance policies issued for the previous year.

However, there are several ways to rate a life insurance company, for instance you may want to look at their financial stability based on the financial strength rating of the insurer as issued by AM Best Company, an independent rating agency.

Also, you can look at the insurer's total assets or customer satisfaction.

However you compare term life companies make sure to request and compare multiple term life insurance rate quotes from a network of insurers to help you find the most affordable carrier. Online life insurance quotes will not only show you the lowest term life rates, but also the financial strength ratings of the insurers quoted.

Can A 70 Year Old Get Term Life Insurance?

Yes, a 70 year old may purchase life insurance coverage.

However, the cost and or approval for coverage, as well as the amount of life insurance available, will depend on the life insurance company, as well as, your own personal risk factors.

Your health will play a big role in determining if you qualify for life insurance at age 70. Also, your height-to-weight ratio, lifestyle, tobacco use, driving record and hobbies will impact your rate for coverage.

There are several well-known providers of senior life insurance coverage including Colonial Penn, Globe Life, Mutual of Omaha, and AARP/New York Life, among others.

When comparing over 70 life insurance plans make sure you find out the following:

1. How long will the term life insurance coverage least?

2. How long is the rate guaranteed to remain the same?

3. Does the amount of life insurance remain level, and for how many years?

4. Do you have full coverage from the start of your life insurance policy?

5. Is the death benefit graded over the first 2-3 years you are insured?

6. How long does it take to get approved and start your life insurance?

7. What is excluded by the life insurance policy - death in the first 2 years? Suicide?

8. Can you convert your term life insurance to permanent life insurance?

9. Can you renew your term life policy when your term expires? If so, what will the renewal premium be?

Here's how you can get your free quote for life insurance for people age 70 and over.

Who Can You Insure for Life Insurance?

Who can you buy a life insurance policy on? You can buy life insurance on anyone that you have an insurable interest in, including but not limited to your spouse, family member, or business partner. Insurable interest is required by the life insurance companies in order to buy life insurance on another person. Basically, insurable interest in another person means you rely on someone for financial support, or that you may suffer financially if the other person were to die. For example, many people buy life insurance eon the parents who are seniors in order to have the money to pay for their parent's funeral and burial costs. In additino, to insurable interest, you will need the other person's permission, signature on the application, and the other person may need to answer some health questions. Learn more about who can you insure for life insurance?

How Many Life Insurance Policies Can You Have?

I was wondering if a person can have more than one life insurance policy? Actually, yes, you can own more than one life insurance plan. Life insurance companies understand that over time your need for life insurance may change as your financial responsibilities increase during your lifetime. With the increase in financial responsibility comes a greater need for life insurance coverage. For instance, if you get married or start a family your need for life insurance will be greater and thus the need for another life insurance policy. However, when you apply for life insurance the application asks about other life insurance policies you own, and how much life insurance you already have In Force. The insurers ask this questions to make sure you aren't over insured. A life insurance company will usually let you buy up to 10-20 times your annual income in life insurance. So, if you earn $100,000 per year, you might be able to qualify to buy up to $2,000,000 of life insurance protection. Learn more about How many life insurance policies can you have?

Can Life Insurance Check Medical Records?

When you apply for life insurance, you are asked to sign a medical release form. A medical release form allows your doctor to release medical records to the life insurance insurance company. It also provides a release to use the MIB (Medical Information Bureau). The MIB is where insurance companies keep basic information about people's health records when people apply for insurance. The insurance company's can access information to find out if you have been declined for life insurance previously due to health issues or any other reasons. However, if you do not want to take a medical exam there are no exam life insurance plans that offer you the option of buying a life insurance policy direct online without having to take any health examination. And, if you are approved, you may be able to start your life insurance coverage today.