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Guest
Guest
I have a prospect who used to be a smoker but quit smoking. Last year they bought a life insurance policy it was a term life policy and it was issued at a non-smokers rate because they quit smoking three years earlier. The customer called me this week and told me that they had started smoking again and they wanted to make sure that if something happened they would still get the life insurance policy to pay out upon death.
Since the policy was issued at a non-smokers rate because they had quit smoking and they let the insurance company know on the application that they used to smoke I'm curious if this will have an effect on the current policy since they have resumed smoking.
So basically a former smoker purchase a life insurance policy at a non-smokers rate. They have started smoking again and want to know if they die of lung cancer or any other smoking-related illness that the policy will still pay out. Can anyone provide any insight to situation like this?
Since the policy was issued at a non-smokers rate because they had quit smoking and they let the insurance company know on the application that they used to smoke I'm curious if this will have an effect on the current policy since they have resumed smoking.
So basically a former smoker purchase a life insurance policy at a non-smokers rate. They have started smoking again and want to know if they die of lung cancer or any other smoking-related illness that the policy will still pay out. Can anyone provide any insight to situation like this?