Quit Smoking And Save On Life Insurance Costs

No Smoking Day is a timely reminder of the health dangers associated with smoking and the amount you can save on life insurance premiums if you quit smoking.

According to Aviva, 15% of their customers smoke and are paying more for their life insurance premiums than non-smokers. Whilst this is a reduction in the number of smokers it is still a significant percentage.

Quit smoking and you reduce the risk of a life threatening illnes such as cancer or a heart attack. You also will save money by not buying cigarettes and you can use this towards getting life insurance and protecting your family.

If you quit smoking for a year you will be classed as a non-smoker and pay lower premiums.

Louise Colley, head of protection for Aviva, said; ”

We want to encourage people to think about the effect of smoking, not only on themselves but also on the people they care about.

It’s not a nice message, but the facts are there. Smoking is a danger to people’s health, that’s why it costs less for non-smokers to buy life insurance and critical illness policies. Life insurance companies offer the opportunity for financial security and peace of mind financially for loved ones, but it’s doesn’t protect customers health, quitting smoking is a crucial step for people to protect themselves”.

Life insurance is offered as Term Life Insurance, whereby your insurance policy will pay out if you die within the policy period or there’s Whole Life Insurance which lasts for your whole life.