Smokers Life Insurance Florida FL
Reader’s Question:
I just want to know why smoking is a big deal to life insurance providers here in Florida.
Ulysses
Miami, FL
Nice question, Ulysses. As you may know, smoking is said to be one of the factors that cause, among others, heart, lung and brain-related diseases. Meaning, if you are a smoker, the life insurance provider may view you as a potential victim of diseases linked to smoking, thereby making you a potential higher risk client to them. It only follows that the higher you are deemed to be “at risk,” the costlier your life insurance premium will be. After all, insurance companies, just like any other businesses, intend to make a profit.
The cost of a life insurance is determined by making use of mortality tables. Mortality tables are based on statistics showing annual mortality rates. It is through these figures that life expectancy is computed. Age, gender and use of tobacco are the three main variables used in mortality tables. These mortality tables, in conjunction with your family history, occupation and the place where you live or work, are used by the life insurance companies to come up with quantitative figures on just how much of a risk you are. As recent studies attribute a lot of major diseases to smoking, (and smoking being one of the variables used in mortality tables), I think it is just sensible for life insurance providers there in Florida to ask you if you are a smoker.