Term Conversion Smoking Status

April 11, 2022 by Sheryl J. Moore

I had someone tell me yesterday that they did a term conversion and the new policy was issued with a smoking status, which was the standard operating procedure on term conversions for the life insurance company.

This really turned the agent off because the insured is not a smoker.

Is it just me, or is this as easy as completing a form, giving a urine sample, and getting the smoking status changed on the policy?

I thought it was pretty standard on term conversions, guaranteed purchase options, and juvenile policies to issue as smoking, but allow a smoking status change with minimal effort. Am I wrong?

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