Smokers who kick the habit in line for life insurance windfall

Tue, 13 Mar 2007

Smokers who manage to stay off the cigarettes after Lent could cut their life insurance premiums by almost a half compared to those who succumb to temptation, according to the latest figures.

Research from internet mortgage broker Charcolonline has discovered that people who smoke 20 a day and then manage to kick the habit will receive a savings windfall of £1,825 every year.

But an unexpected further boost to their pockets may also come in the form of life insurance discounts.

Kate Tucker of the mortgage specialist claims that life insurance cover for a 35-year-old man who smokes would cost £17 each month over a 25-year term, as opposed to £9 if he was a non-smoker.

"With savings on life assurance premiums and even some home contents insurance policies, there really is a great financial argument for not lighting up, as well as the obvious benefit to your health," she said.

In addition to life insurance incentives, smokers may also wish to consider the danger to their health that smoking causes.

Lung cancer, bronchitis, heart disease and emphysema are among the diseases that have been regularly linked to smoking in scientific studies.

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