- You can qualify for a non tobacco rate class while taking Chantix if you have not used cigarettes for one year.
When life insurance companies create commercials and advertisements, they like to promote rates for clients that are in excellent condition in their 30’s and 40’s. They’ll usually quote a 10 year term policy mainly because these rates are really good at getting people’s attention.
Ever heard the commercial?
“John, a 42 year old man in good health can get a $500,000 term policy from a highly rated insurance company for less than $25.00 a month”
Which is true, but what if you’re not in great shape? What if you have some preexisting conditions? What if you are currently taking some prescription medications? What do you do then? This is when getting life insurance goes from “processing an order” to “needing an expert”.
The good news is that the life insurance industry is just like every other industry out there. Competition is constantly driving insurance carriers to compete for your business. As a result, carriers take on “niches” in an effort to earn market share. These niches may vary but generally insurance carriers do become known within the industry to focus on certain market populations. For this reason, it’s key for you as a consumer to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of different carriers out there. Only by doing this can you insure that you are getting the best policy for you and your family.
For example, let’s look at folks that are currently shopping for life insurance while taking Chantix (varenicline). Chantix is a smoking cessation medicine. Chantix is used together with behavior modification and counseling support to help smokers become non-smokers. Chantix works in the brain to block the pleasurable effects of smoking.
Now here is where things get complicated, because with most carriers, applying for life insurance while taking Chantix will constitute using nicotine, which would mean that the applicant would receive “a tobacco rate” which are typically 3 or 4 times more expensive than a non-tobacco rate. However, there is a life insurance company that will offer a non tobacco rate for Chantix users. The one caveat is that you have to be free and clear of cigarettes for one full year. If you have not used cigarettes for a full year and you take Chantix, you can qualify for a non tobacco rate class.
Totally confused?…. Don’t be, this is where TermLife2Go steps in, as an independent agency our agents are committed only to you and your family. Our sole purpose here is to help guide you through the process of:
- First, choosing the right type of policy, whether it be Term, Whole Life, and Universal Life etc..
- Second, determining the appropriate coverage amount.
- And lastly, determining which carrier will most likely give you the best rate available.
By working directly with TermLife2Go you will have an assigned agent dedicated to your application. This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best deal out there!
So what are you waiting for? Just give us a call or simply click on the link below to see just what we can do for you!