The Benefits of Cheaper Life Insurance from Giving Up Smoking

by: Kate Tee
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Word Count: 320

Did you quit smoking last year? If so, congratulations… If you haven't had a puff in the last 12 months then you now qualify as a non-smoker for the purposes of getting life insurance. This is a bigger deal than it may appear at first, because it means you can make terrific savings on something that is genuinely worthwhile.

It should come as no surprise that life insurance is more expensive for smokers. What may surprise you though is exactly the kind of figures we're talking about. According to an online comparison site, at a monthly premium of £23.70 a 48 year old smoker will pay £2827.20 more than a non-smoker over the life of their policy (assuming this is male with cover for 20 years). By comparison, a non-smoker will pay about half that.

Let's put this into a bit more perspective. In times of recession, those in their late forties could be paying extra thousands needlessly on their insurance. And that's before you've even taken the cost of the cigarettes themselves into consideration.

And while we're on the topic, how much do cigarettes cost? Well, if you smoke twenty a day and pay about a fiver a pack (quite a generous underestimation), then we're talking over £1,800 a year. Ouch!

Those at the leading health campaign, No Smoking Day, estimate that over a million people want to quit smoking in the UK each year as a result of their initiative. And there are bound to be plenty more who may not have voiced this desire.

So do yourself and your loved ones a favour and ditch the smokes. Then take a little of the change and cover yourself with life insurance. Then the lion's share of the remaining change could be put towards something brilliant, like a holiday for your family.

Surely a better investment than a pack of fags?

Article Source: http://www.ArticleStreet.com/profile/kate-tee-11796.html

About the Author

If you would like to find out more about the benerfits of life insurance then please visit our site at http://www.confused.com/life-insurance

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