| UK: Quitting smoking could mean life insurance costs next to nothing |
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09/03/2010 11:56 (705 Day 08:12 minutes ago) | |||||
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The FINANCIAL -- Two thirds (65%) of British cigarette smokers say they want to give up.
This "No Smoking Day" (Wednesday 10 March) Aviva advises that by giving up not only can people improve their health, but also see a significant reduction in their life insurance premiums.
Aviva data shows that the number of smokers has decreased in the last year. But, one in seven (15%) Aviva customers are still smoking, meaning they pay more for their life insurance premiums than non-smokers.
Not only does quitting smoking reduce the risk of life threatening illness such as cancer and heart attacks, but by quitting smoking, they may be able to help protect their family by purchasing life insurance with some of the money they save, meaning they can achieve peace of mind, at no extra cost.
It’s not only the people who have never touched a cigarette who benefit from reduced life insurance premiums.
Louise Colley, head of protection for Aviva, said; “It’s encouraging to see our statistics showing people are giving up. 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”.
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