Child Life Insurance Texas TX

Reader’s Question:

Hi. My husband and I wanted to buy child life insurance for our kids. We’re thinking of making my husband as policy holder of the life insurance because I am already a policy holder of my child’s educational plan. Would this be possible even if my husband is a smoker? What are the odds?

Sheena

Houston, TX

Hello Sheena.

Nice question. You can actually still buy life insurance if you want since there is no limit of how much life insurance one can own. After all, it’s an investment and if you can afford for more, why not? But if you really want your husband to be policyholder, you can start searching for smoker life insurance quotes to give you idea of how much rates are involved for smokers.

If you are healthy and below 50, you may still qualify for term life insurance which is so far the cheapest life insurance ever. But your husband as a smoker, may not qualify for term life insurance which means that he would need to get permanent life insurance – quite expensive than term life. Again, your basis for the rate would be the smoker life insurance quotes. The smoker life insurance quotes are plans tailored for smokers. You may find that the rates may be higher than on rates with non-smoker and this could be another reason why it would be disadvantageous for him to be the policyholder. This is because the smoker life insurance quotes are based on higher insurance risks. Meaning, insurance companies providing smoker life insurance quotes may find that insuring smokers have a risk of high mortality because we all know that smoking has a lot of health consequences.

As soon as you have smoker life insurance quotes which you can get from quotes companies online in Houston, you can choose which among the insurance companies in the smoker life insurance quotes have the lowest rates. If by looking at the odds, you decide not to make him the policyholder, then it’s not necessary to look for smoker life insurance quotes anymore.