MassMutual is the only life insurance carrier I’m aware of that allows whole life or universal life tobacco policy holders to switch to non tobacco rates, if they have quit tobacco use for one year. So let’s say you smoke cigarettes and plan to quit, um, one day. With an eye to the future, you take out a MassMutual whole life or UL with a tobacco rate. You pay along on your policy, and lo, that steely willpower day comes: New Year’s Eve, a birthday, baby on the way, when you finally quit. Contact MassMutual after a year, fill out a few forms and do a urine sample. You don’t have to all the way through underwriting again; basically it’s a limited set of questions that have to do with smoking. If you’ve developed a nasty smoking related condition along the way: coronary artery disease, cancer, emphysema, to name a few, you won’t be permitted to switch.
Quit pounding coffin nails, before the lid is too tight, and you lower your premium to non smoker rates. Plus your UL or whole life policy cash values perform much better off the tobacco road. Granted, many people never quit, but this a viable avenue for a far better deal on your UL or whole life insurance, and another incentive for quitting to lay down on the path.