“I had a cigar a few months ago – but that was the last! (I think)”

What would you do?

Today’s case: “I had a cigar a few months ago – but that was the last! (I think)”

Our client stop smoking cigarettes several years ago, but stopped smoking cigars only several months ago. Several carriers will offer him preferred non-smoker rates now; once he is completely smoke-free for a year, others would also make offers, and their rates will probably be lower.

His decision is this: if he buys the policy now, he at least would have preferred non-smoker rates, albeit not the lowest around. If he waits until year a has passed by, he might get a lower rate, but then again, another condition might develop that would bring the price up. And – he might start smoking again! You never can tell.

Would you buy now, or hold out for a potentially lower rate later – but in the process take the risk you might not be as insurable?