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Life Insurance -
Quit Smoking and Save Money - 01/04/2008 |
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Britons are being told to pack in bad habits and save money on their life insurance policy by quitting smoking as soon as possible.
Emma Walker, head of life insurance at Moneysupermarket, explained: "The premium difference between a smoker and a non-smoker is vast and there are considerable savings to be made simply by shopping around for the cheapest deal to suit your circumstances."
Although you’ll have to wait a while before you can reap any rewards, insurers want to make sure you’ve kicked the habit of your life.
"In order to be classed as a non-smoker and qualify for life-insurance premium savings, insurers insist on smokers having packed it in for a full year," said Ms Walker.
"Once smokers have given up for 12 months, they should go back to their insurer and ask for non-smoker rates, subject to tests to prove they have quit."
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