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Give up smoking and save over £100 a month on life insurance

Date: Wed, 22 Feb 2006

Giving up smoking could help to lower life insurance premiums by over £100 per month.

It is estimated that the new ban on public smoking could help more people to quit and therefore mean that ex-smokers could lower their life insurance costs, according to Moneynet.

For example, the cost of life insurance for a smoking couple in their 40s could total around £213.30, compared to just £112.20 for a similar aged non-smoking couple. Once the cost of buying cigarettes is taken in to account, smokers could be forking out over £400 a month on the habit.

"A smoker applying for life assurance will find themselves facing almost double the premium of a non-smoker," said Moneynet chief executive Richard Brown.

"Add that to the price of the cigarettes and the cost of smoking plainly threatens your wealth - not just your health."


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Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.