If you do not disclose that you are a smoker on your actual Life Insurance application and it is later discovered that you lied about smoking, Insurers generally have 2 main options:
- Decline any claim made on the basis that the insurance is not valid due to ‘Non-disclosure’ of a material fact.
- Re-calculate the percentage of premiums that should have been paid and then deduct that percentage from the sum being claimed for (i.e. If the client has only paid 50% of premiums then 50% would be deducted from the amount being claimed for)
Some providers in the current market offer a review of Life Insurance premiums for people who are no longer classed as smokers (i.e. Have not smoked any tobacco products for at least 12 months). Generally an insurance provider would require a cotinine test which is the industry standard for testing whether a person has smoked in the past year. The provider may also require further information from the GP to ascertain whether there are any underlying problems and they may also ask for a chest X-ray in certain cases.
Alternatively it is possible to re-apply for Life Insurance with an alternative Insurance provider on the basis that you are now classed as a Non-smoker which could reduce your premiums. This is also based on your age and medical circumstances at the point of application which may vary considerably.