Life Insurance in Canada

I suppose all of you know that life insurance companies apply different policies for nonsmokers and smokers. but what about cigar smoking?

Generally, cigar smoker is consider as a standard smoker and thus applies for higher policy. On the other hand, most of the insurance companies offer some limits. Usually it’s one cigar monthly, rarely one cigar weekly. Often you need to prove not inhalating - you need negative tests for cotinine*

You should really think about it - use our term life quote Canada to get results. Just one example. You can have $500000 term life (20 years) policy for 43 years old male nonsmoker from $85 monthly. but as a smoker, you would pay more than $200!! thats about $1500 annually and more than $30000 at the end of policy. So smoking is not only about tobacco price…
For more information about smoking visit Life Insurance Canada section Life insurance tips.

*Cotinine is a metabolite of nicotine. It is used as a
marker of tobacco smoke inhalation. he half-life of cotinine, the major
metabolite of nicotine, is twenty
hours. This means that the cotinine in the applicant’s body at the time
of last smoking will decrease to half the original level in twenty
hours, to a quarter in another twenty hours, and so on. Depending on
the starting level, it may take up to four days for cotinine levels to
be undetectable.