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There are several requirements you must meet when obtaining any kind of insurance. Taking out term life insurance is no exception. For the most part, insurance companies want to make

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

sure you start out healthy before issuing you a policy. Premiums are based on your lifestyle and what your medical history is like. The cost of your premium is based on your age, ge

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nder and even occupation. Tobacco use has always been of concern when you are applying for term life insurance .

Tobacco use in any form already sets you apart from non-users. Some

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

insurance companies do not distinguish between the form and frequency of your tobacco use. If you are a person who smokes an occasional cigar you are treated the same as a person who

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

smokes two or three packs of cigarettes per day. Despite this unfair categorization, there are some companies that do make the distinction. The key is to find these select insurance

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

companies that individualize their rates. These select companies base their premiums upon the type of tobacco and frequency of usage. They make a clear distinction between the use o

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

f cigarettes, cigars, chewing tobacco, pipes, smokeless tobacco, nicotine gum, marijuana or a nicotine patch to quit your smoking habit. If you smoke marijuana, you must also disclos

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

e that you use drugs on your application form.

Lifestyle Discrimination?

While automatic higher premiums set for smokers are seemingly unfair and may even be view

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ed as lifestyle discrimination, it is also important to understand the perspective of insurance companies. Generally, smokers miss work more often than non-smokers due to respiratory

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

problems. It is believed, although not clinically proven, that smoking lowers the immune system defenses, therefore causing smokers to be more susceptible to certain smoke related i

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

llnesses than non-smokers. Smoking has also always been believed to cause premature death. Ailments such as lung cancer, high blood pressure, heart attacks, emphysema, severe asthma,

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

stroke, and other forms of cancer are all associated to nicotine use. Current studies have also found a connection between heavy tobacco use and Alzheimer's disease. Certainly one c

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

an compare the consistent use of a known carcinogen to someone who is employed at a job considered to be “hazardous duty.” Both are subject to higher premiums due to higher risk for

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

insurance companies to carry you.

Tobacco Use and Low Cost Term Life Insurance

If you are smoker who has tried to obtain tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

om/life-insurance/term-life-insurance.html">term life insurance in the past, you have probably been disappointed by the high premiums quoted to you. In recent years some insuranc

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

e companies have opted to offer low cost term life insurance for tobacco users. Smokers or nicotine users are now eligible for 10, 15, 20 or 30 year term periods at low rates. For ex

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ample, as long as a smoker is in otherwise excellent health and is at a reasonable weight, he or she may obtain $250,000.00 worth of coverage for about $40 per month over a 10 year p

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

eriod.

The best thing to do would be to research out companies and their policies for tobacco users. By shopping out the different insurance companies, you are sure to find one that

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

does not penalize you excessively for tobacco use. Doing an internet search is the fastest way to obtain a quote online as many companies are now doing “Insta-quotes” that only take

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

minutes. Tobacco users can now afford to protect their families at much more affordable rates and doing due diligence in shopping out your quotes will save you money in the long run

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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