Lifestyle changes can be good for life insurance

Fri, 06 Jul 2007

Certain changes in one's lifestyle can have a positive impact on the amount they pay for life insurance, according to one expert.

Quitting smoking and reducing weight can result in lower life insurance premiums as individuals making these changes present a lower risk to insurers, noted a spokesperson for the Association of British Insurers.

However, Jonathan French also that some life insurance providers may require a minimum period for which consumers must have effected such changes, for example one will need to have given up smoking for six months or a year.

But real financial benefits can be reaped as a result of such alterations in lifestyle, as life insurance companies will offer more competitive deals once factors such as those highlighted are different, he reaffirmed.

"Make lifestyle changes that will make you healthier and therefore will have all sorts of benefits, including getting lower premiums on your insurance," he remarked.

Some Britons may have opted to quit smoking in the wake of the recent ban on cigarettes in public places, which will include clubs, bars, restaurants and areas such as train station platforms.


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