How does smoking affect my life insurance?

For every life policy, we require you to fill out a Smoking Status Declaration that tells us whether or not you’ve smoked in the past year.

Smokers are more likely to have ongoing health problems and have a shorter lifespan than non-smokers, making them more of an insurance risk for any insurance company.

How does smoking affect my life insurance?

For every life policy, we require you to fill out a Smoking Status Declaration that tells us whether or not you’ve smoked in the past year.

Why do smokers pay higher insurance premiums?

Smokers are more likely to have ongoing health problems and have a shorter lifespan than non-smokers, making them more of an insurance risk for any insurance company.

How much more will it cost to insure a smoker?

Premiums for smokers are anywhere from 40% to 100% higher than for non-smokers, depending on health history, due to increased risk.

I’ve just had a few cigarettes in the past year. Am I considered a smoker?

Yes. According to experts, occasional smokers are likely to turn into regular smokers and consistently use tobacco.

What if I lie on my application about being a smoker?

If you lie on your application and die from a smoking-related complication such as a heart attack or cancer, there is a possibility that your benefits will not be paid out. If you are given a medical exam prior to being insured, your urine will be tested for nicotine, regardless of whether or not you have declared yourself as a smoker.

How can I be rated as a non-smoker?

Once you have been smoke free for 12 consecutive months, you are considered to be a non-smoker.

How can I go about quitting?

Different methods work for different people. Some try many methods before successfully quitting. The key thing is to try using various methods until you find one that works for you. For more information on smoking cessation, visit Health Canada’s website.