Lupa Namfauk
New Member
- Joined
- Mar 5, 2008
- Messages
- 127
Hello Everybody,
I am relatively new into cigar smoking, probably two months or so, but I have really learned a great deal on here and have come to enjoy 1 to 3 cigars each weekend. I doubt my cigar smoking will ever increase beyond that and there is a good chance that it may decrease. I already have a cooler full of pretty good smokes that at my current rate of smoking would probably last me 2 years, but I enjoy collecting cigars and having plenty on hand to share with others.
I just turned 40 years old earlier this year and my father recently (over the course of the last 8 months) has had a successful bout with non-Hodgkins lymphoma, so I guess I am starting to realize the potential for my own mortality. I have been pretty successful career wise which provides me a generous salary, plus I own a side business that definately enhances our income. So my wife and I have become accustomed to a certain lifestyle. We have also been pretty diligent investors over the past 15 years, but even though our investments are sizable, we need to stay the course throughout the next two decades to reach the point where I would term us as being "self insured".
Here is my concern. I without a doubt generate the lion's share of income between my wife and I (probably 80%). I am starting to worry that something could happen to me and my wife would be left in a very vulnerable position. So I have been looking into term life insurance recently and even though I am what most would consider fit and healthy, my new found enjoyment of the occasional cigar has placed me directly into the category of a smoker (never was a smoker prior to cigars). Most insurance sites recommend term insurance in an amount equal to 8 to 10 times my annual salary, which for me is in excess of 1 million dollars and for a 20 year policy, as a smoker, it ends up being around $300 per month. If I were not a smoker, it would be right around $100.
I could certainly fore-go smoking cigars for a month or two to get the nicotine out of my system (heck with the amount I smoke it would probably be gone later this week) and then lie and apply as a non-smoker, but if I then return to smoking my 1 to 3 cigars per week, I would be putting my wife in danger of being denied the insurance payout if I meet my demise somewhere down the road and the insurance company does an investigation and determines I was a smoker, which I am sure at least a cursory investigation would be carried out on a policy of this size.
I would really like to hear others feeling on this subject. As well as, what others on here have done concerning life insurance. I can't believe that all smokers just get categorically lumped together.
Thanks to all for your feedback,
Paul
I am relatively new into cigar smoking, probably two months or so, but I have really learned a great deal on here and have come to enjoy 1 to 3 cigars each weekend. I doubt my cigar smoking will ever increase beyond that and there is a good chance that it may decrease. I already have a cooler full of pretty good smokes that at my current rate of smoking would probably last me 2 years, but I enjoy collecting cigars and having plenty on hand to share with others.
I just turned 40 years old earlier this year and my father recently (over the course of the last 8 months) has had a successful bout with non-Hodgkins lymphoma, so I guess I am starting to realize the potential for my own mortality. I have been pretty successful career wise which provides me a generous salary, plus I own a side business that definately enhances our income. So my wife and I have become accustomed to a certain lifestyle. We have also been pretty diligent investors over the past 15 years, but even though our investments are sizable, we need to stay the course throughout the next two decades to reach the point where I would term us as being "self insured".
Here is my concern. I without a doubt generate the lion's share of income between my wife and I (probably 80%). I am starting to worry that something could happen to me and my wife would be left in a very vulnerable position. So I have been looking into term life insurance recently and even though I am what most would consider fit and healthy, my new found enjoyment of the occasional cigar has placed me directly into the category of a smoker (never was a smoker prior to cigars). Most insurance sites recommend term insurance in an amount equal to 8 to 10 times my annual salary, which for me is in excess of 1 million dollars and for a 20 year policy, as a smoker, it ends up being around $300 per month. If I were not a smoker, it would be right around $100.
I could certainly fore-go smoking cigars for a month or two to get the nicotine out of my system (heck with the amount I smoke it would probably be gone later this week) and then lie and apply as a non-smoker, but if I then return to smoking my 1 to 3 cigars per week, I would be putting my wife in danger of being denied the insurance payout if I meet my demise somewhere down the road and the insurance company does an investigation and determines I was a smoker, which I am sure at least a cursory investigation would be carried out on a policy of this size.
I would really like to hear others feeling on this subject. As well as, what others on here have done concerning life insurance. I can't believe that all smokers just get categorically lumped together.
Thanks to all for your feedback,
Paul
