Can Smokers Get Cheap Life Insurance – Myth or Fact

life insurance for smokers

What is the definition of Life Insurance? Life insurance is an agreement between an insurance company and an insured person by which the insurance company, in exchange for a premium, agrees to pay a designated beneficiary, an amount of money upon the insured person’s death. This life insurance agreement may include terms that compel the insurance company to pay the agreed upon amount in the case of a terminal or critical illness diagnosis, or cover the funeral expenses incurred. … [Read more...]