The Smoker’s Life Insurance Policy Will Drain Your Wallet

When insurance brokers look out into the world they see two types of prospective customers. Every individual person fits into one of the two categories. They are either smokers or non-smokers.

Someone who occasionally smokes socially and someone who smokes everyday can end up in the same insurance category. He will pay even more if he smokes more than 20 cigarettes a day. Often premium rates for smokers can be up to three times the rate non-smokers pay. This is because insurance companies believe that smoking amplifies the risk of untimely death.

The financial penalties of smoking extend far past the price of a pack of cigarettes. In addition to the nickel-and-dime of a pack of smokes every time he runs out, the smoker endures costly consequences to lighting up.

Homes and vehicles that retain the stench of cigarette smoke lose resale value. Smokers can also be penalized when shopping for a new home because insurance companies believe smokers are more likely to burn down the house.

Smokers will also pay more for health insurance, dry cleaning and yearly teeth cleaning appointments. All of these costs add up quickly to put a hefty dent in a smoker’s wallet.

It isn’t simply what a smoker pays in extra an expense that reduces funds, but being paid less in the first place can cause his bank account to suffer as well. Studies have shown that smokers earn up to 11 percent less than non-smokers. These figures not only take into account time wasted on smoke breaks, but first impressions as well. Smokers may be perceived as less attractive and therefore passed by for jobs.

Insurance costs aren’t the only money matters smoker’s have to worry about; however, it is a huge issue. A smoker literally burns his money away. That nicotine rush can cost thousands of dollars a year more in insurance premiums.

While saving money on insurance premiums may not persuade him to quit smoking, a smoker may not be conscious of how much the habit is actually costing him. He may even lose his job. There have been several companies in the news recently who have fired employees who smoke simply because they pay more insurance on smokers than non-smokers.

It begs the question, is it worth th
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e cost?

But, the high cost of smoking doesn’t necessarily only affect the smoker himself. Documented studies have shown that Americans spend over 60 billion dollars a year treating smoking related illnesses. Women who choose to smoke during pregnancy cost the country another 3 billion dollars a year. It also causes the deaths of 2,500 unborn babies a year and results in low birth weight and life-long complications in countless others.

Fires set by smokers who fall asleep or are otherwise careless with their habit, cost the government 500 million dollars a year. The human cost is great, as fires started by cigarettes take the lives of more than 2,000 people a year.

Smokers with group life insurance push up premiums for smokers in the same pool by 4 billion dollars a year.

Smoking is by far the most prevalent cause of untimely death in the United States today. More than 400,000 people a year pay with their money and their lives to light up a cigarette.

That quick fix can not only be deadly, but greatly reduce quality of life as well. Be it human life, depreciation of property, health factors or jacked-up life insurance premiums, the decision to smoke cigarettes is costly.

By: Donnie Weber

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California Health Insurance Giant Aided by Health Insurance Reform

According to the Director of the Office of Management and Budget, Peter Orszag, the historic health insurance reform provides the most deficit reduction of any bill in the past decade. It’s estimated to reduce the deficit by more than $100 billion over the first decade, and by $1 trillion in the following decade.

The health insurance reform bill includes help for major health insurance companies and doctor-owned hospitals. That includes help for the giant California-based insurance company Kaiser Permanente, according to congressional aides and lobbyists.

The latest changes to the 153-page health insurance reform bill include a provision that tax-exempt insurers would have to pay a new fee levied on insurers on only half of their premiums. Kaiser Permanente is one of these tax-exempt insurers.

California Health Insurance Reform and Medicare

The bill also extends an August 1st deadline on new doctor-owned hospitals to apply to the government for eligibility to be paid for Medicare patients until the end of 2010.

According to a 2003 report by the Kaiser Family Foundation, 40.2 million Americans were enrolled in Medicare. That was 14 percent of the U.S. population. California had the largest enrollment of any state with 4.1 million Medicare beneficiaries, or 11 percent of the state’s population.

California Representative Tackles Tobacco Industry

While the media focused on the health insurance reform debate, the Family Smoking Prevention and Tobacco Control Act was signed into law by President Obama on June 22, 2009.

By all accounts, it is the strongest measure to protect children from the dangers of smoking to date. Why does this law focus on children? Almost 90 percent of all smokers began at or before their 18th birthday. We’ve known about this for decades, but the tobacco industry has used special-interest lobbying to manipulate Congress.

Blatant refusal to accept responsibility for the sicknesses caused by cigarettes was exposed as recently as 1994 when Rep. Henry Waxman first brought tobacco CEOs before Congress. Waxman has represented the 30th congressional district of California in the U.S. House of Representatives since 1975, and has called cigarettes the single most dangerous consumer product ever sold.

Before Congress, these CEOs still denied that tobacco was deadly, that nicotine was addictive, and that they marketed to children. In reality, tobacco companies aggressively target children, and sell products with flavorings to mask the taste of tobacco and make it more tempting.

Healthcare Reform Has Potential to Help Millions

More than 400,000 Americans die of tobacco-related illnesses each year, and more than 8 million of us suffer from at least one serious illness caused by smoking. While you’ve probably heard that second-hand smoke can kill, third-hand smoke that is trapped in carpet, fabric, furniture, hair, skin, and toys also exposes you to toxic chemicals like arsenic and lead. Babies take in 20 times more third-hand smoke than adults because they breathe faster, and spend more time near the floor.

The Family Smoking Prevention and Tobacco Control Act is a victory for health care reform because it will reduce the billions of dollars we spend on tobacco-related health care costs in this country. It is intended to reduce the number of children who start smoking, and to save American lives and make us healthier.

This Act bans tobacco advertising within a thousand feet of playgrounds and schools. It also curbs the ability of tobacco companies to market products to children by using appealing flavors. It forces tobacco companies to more clearly and publicly acknowledge the deadly effects of their products, and allows FDA scientists to take other common-sense steps to reduce the dangers of smoking.

About The Author

By Wiley Long – President, eCAHealthinsurance ( http://www.eCAHealthinsurance.com ) – California Health Insurance Advisors – Offering instant quotes on California Health Insurance plans, online information on health insurance plans in California, and personal assistance for all your California Health Insurance needs.

Term life insurance is really an intense industry. This is often a great, realistic option for most; however, many individuals can get a less expensive cost if you take a few moments to consider the easy proper examination.

Once you look for life insurance coverage on the internet, you’ll be able to obtain no health check life insurance coverage. This particular does apply usually to term life insurance policies, therefore the simplest way to locate no health-related examination life insurance coverage is as simple as looking on the internet site using a big listing associated with insurance providers that offer term life insurance plans.

During the time you are searching for term life without any exam, you just have to make contact with many different term life businesses and get in relation to their particular underwriting procedures in terms of health-related examinations are involved.

There are numerous special forms of life policies available which assure that a majority of every person is going to be approved. That’s, they don’t require any kind of health check. Nonetheless, they’re usually additional more costly compared to some other life policies.

Simply by proclaiming to offer you life insurance coverage without any medical examination, the insurance coverage team is actually gambling that you’re within a healthy body. Nevertheless, simply by a little bit of simple comparison-shopping on the net, you will discover a cost-effective term life insurance coverage which has no health check.

Test Your Insurance IQ – Yahoo! News

Now that the health insurance reform bill has become law, it's a good time for a quick check-up: Do you have enough coverage? Your own health care isn't the only area that deserves a second look. Many Americans fail to take out enough life insurance but end up taking out too much insurance for their pets, for example. Here are five tips for making sure you have the right amount of coverage and maximizing the benefits that you already have.

Find out what your insurer covers in advance. This advice doesn't apply to anyone in need of emergency care, but if you're planning to have a skin biopsy or molar removed, then it can pay to call your insurer ahead of time to find out whether or not it will pay for the procedure. In some cases, you can save money by going to a different provider or making sure your doctor gives a specific code to the insurance company.

[Quiz: Test Your Insurance Smarts]

If your insurer rejects an expense, fight back. You can often find details about what your policy covers and what it doesn't on your insurance provider's website. That way, you can do some research before making a call to customer service to fight a claim rejection. It's not uncommon for doctors to make mistakes when they submit information, so it's worth checking for errors. “If you think it's something that should be covered, you need to call, and not take 'No' for an answer, and keep going until you find out what the answer is,” says Aetna spokeswoman Wendy Morphew. If speaking with the insurer and doctor's office doesn't yield results, then you can consider filing an appeal.

Skip insurance for Fido. Just because you can take out health insurance for your pet doesn't mean it's a good idea from a financial perspective. The American Pet Products Association estimates that Americans will spend about $12.2 billion at vets' offices this year on treatments ranging from cancer surgery to organ transplants. Pet health insurance usually starts at a couple hundred dollars a year. While pet lovers who would spend thousands on treatments might benefit from taking out a policy, financial experts say it can be a smarter – and more humane – decision to prepare to say goodbye if serious illness strikes.

[See How to Fight Health Insurance Denials]

Take out travel insurance for special occasions only. If you get sick before a big vacation, then you might have to cancel your plans and reschedule. Some forms of travel insurance reimburse you for cancelled or interrupted trips, but that doesn't mean taking out the insurance is always a good idea. According to travel expert Peter Greenberg, such policies can add up to 10 percent of the cost to your trip. He says it's only a good buy when it comes to expensive vacations and recommends skipping it for short getaways. If you're going to buy a policy, be sure to compare different rates online first and take note of the exclusions – interruptions caused by acts of war, for example, are usually not covered.

Don't skimp on life insurance, especially if you have kids. Most people don't take out enough life insurance, partly because the topic is such an uncomfortable one to discuss. No one likes thinking about death, after all. That might explain why one-third of adults lack life insurance altogether. But anyone with dependents, such as children or a stay-at-home spouse, should consider getting a policy that would replace their income or cover the expenses for which they are currently responsible. “What I've come to realize is that the biggest mistake folks make with regard to risk management is that they don't even address the topic. It's very emotional and forces you think about your own mortality and what would happen to your family if something tragic were to occur,” Michael Bonevento, a senior financial advisor at Ameriprise Financial Services, Inc.

Traditionally, people relied on a standard “seven times income” rule to calculate how much insurance they need. But that's not a useful measure, says Matt Easley, vice president for Allstate Financial, because people's situations are so different. A single person with no dependents will probably need much less insurance than someone with five young children, for example. Instead, Easley recommends sitting down and thinking about “the things you want to protect.” How much would it cost to support your children in the way you want? To pay for their college, or pay off the mortgage?

Bonevento also recommends making a “human life value” calculation, which looks at the economic loss that would come from a breadwinner passing away. For example, if he earns $100,000 per year and has 20 years left until retirement, then the value is $2 million. (Taxes then get subtracted out along with the amount the breadwinner consumes himself, and other benefits such as health insurance are added. Finally, the present value of that number is calculated.) The human life value is usually a higher number than what people come up with after considering what they'd like to be able to pay for if they were to die. Bonevento recommends purchasing insurance for somewhere in between those two amounts.

Improving Your Health Can Improve Your Term Life Insurance Rate …

Smoking cigars, marijuana and tobacco usage will also be considered as smoking by the life insurance company. A urine or saliva test will detect the presence of nicotine, so if you are a smoker, it is best not to lie in you term life …

Life Insurance for Cigar Smokers

Are you paying high life insurance rates for smoking an occasional cigar? If you smoke a cigar once in a while, should you really be paying non-tobacco rates for your life insurance? You can now get Life Insurance for Cigar Smokers …

Insurance for Cigar Smoker

Hundreds of people every week in the world conducted a search through major search engines Google and Yahoo, the phrase: smoker life insurance and life insurance for Cigar smokers. The financial consequences of smoking are far beyond …

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

Denise

Houston, TX

Sure Denise!

Group life insurance policy is one type of a life insurance wherein a single bond or contract covers the whole group of people. This group life insurance is usually offered by an employer. The employer stands as the policyholder and his/her employees are covered by the life insurance policy the policyholder has.

This group life insurance policy is usually offered as one of the work benefits. In general, when a person looks for a job he/she considers the benefits being offered by the company. Group life insurance is usually less expensive as compared to an individual life insurance policy. The reason for this is because the life insurance rate is subsidized by the company a person works for. In addition, for other life insurance companies that offer this policy, they don’t ask for a medical examination. So this is good for people who have health conditions or any pre-existing health conditions. This is mandatory if you are getting an individual health insurance.

So if you are looking for a job, it’s always best to ask your employer if they offer group life insurance policy. Getting this kind of coverage may help you in getting the lowest possible life insurance rate.

Alfred

Houston TX

Obtaining life insurance with medical or health issues can be very difficult and expensive. Obesity is one of the most common condition which can cause your life insurance to be very expensive. A study shows that cancer patients are usually charged more than the normal life insurance rate and some are even denied of insurance. Do not worry, it may be difficult to find cheap obesity life insurance companies, it is still possible and there are still life insurance companies who will insure you.

Those with cancer, diabetes or who are obese will find themselves being charged much higher life insurance premiums for life insurance, health insurance, and even car insurance.

The secret to obtaining a good deal on cheap obesity life insurance, is to speak to a specialist life insurance broker.This will increase your chance of getting you a much better obesity life insurance rate than going to the standard insurance companies directly. Specialist life insurance brokers are not only able to provide you obese life insurance quotes from various life insurance companies, they also have access to specialist insurers that may provide coverage where the main insurance providers cannot.

A. Your senior term life insurance policy may expire at a time when it is tough to get a new policy. However many mature adults can find good Senior Life insurance coverage at age 60, 75, or even 85, even if they have developed some health issues.
Senior Term life insurance is simple to understand, and allows for personal choice. You pay a (low) monthly premium based on the term length and amount of coverage you choose. You can choose term lengths such as 10, 20 or 30 years, and coverage amounts anywhere from $100,000 to several million dollars. Senior Term life insurance is a life insurance policy with a definite period of time you are insured. Senior Term life insurance is a good type of plan if you are young and healthy and are looking for a plan that protects your beneficiaries in case of death. A senior term life insurance policy will usually have a very low monthly cost, sometimes as low as $10.00 a month, and can protect you for several hundred thousand dollars.