Life insurance – stop smoking to save
Not smoking has more benefits that you potentially realise, not just for your health but also for your wallet – and I’m not talking about the money you’ll save not buying fags, your life insurance premiums could fall as well.
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Life insurance – improve your financial health
Most life insurance providers are more than happy to reward people who have a healthy lifestyle with lower premiums. This makes perfect sense – much in the same way that careful drivers get cheaper car insurance. Put quite simply – the lower the risk that your provider will have to pay out the lower the amount they will charge you – levying higher premiums on those individuals that continue to smoke.
Life insurance – ‘I’ve just quit – am I a non smoker?’
In your own eyes having just quit may make you a ‘non-smoker’ again, however; in order to qualify as a non-smoker to many life insurance providers you will have had to be smoke free for a full year. This is quite understandably due to the high volume of people who go back to their habit even after earnest attempts to quit.
Quitting during the policy term
Many people make the decision to quit smoking during the term of their life insurance policy, not necessarily with a mind to reducing their premiums, but purely for health reasons. Many people simply don’t realise that after a year of being smoke free they may be able to go back to their life insurance provider and alter the cost of their policy.
This may take a little time and effort and may mean filling out a couple of forms again, however; your premiums are likely to fall significantly – so more often that not it’s well worth the effort.
Choosing life insurance online
With a plethora of life insurance quotes to choose from online it is often difficult to know which one to pick. Established in 1995; Jump Money have been helping people like you protect their family’s financial security should the unexpected happen for over a decade. For more information on their great range of products and services why not give one of Jump Money friendly staff a call on: 0845 8516262. Or alternatively take a look at the website at: www.jumplifeinsurance.co.uk for a life insurance quote online.
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