It goes without saying that if you smoke the risk of contracting a serious illness such as lung cancer is greatly increased. As a result the cost of life cover for smokers can be up to double that of non-smokers.
Life companies treat applicants as smokers if they have smoked in the last 12 months. So a sneaky 'fag' at a party 8 months ago whilst under the influence or a celebratory cigar at a friends' wedding would significantly increase costs. Non-disclosure would jeopardise the payment of any benefit.
Not many people realize that if life cover has been taken out as a smoker and the policyholder quits smoking then it pays to re-apply for cover to enjoy much lower premiums and possibly save thousands of pounds in unnecessary costs.