Ex smokers may be eligible for life insurance premium savings
Thu, 25 Jun 2009
It has been estimated that smokers who have kicked the habit for good, following the implementation of the UK-wide ban in July 2007, may have saved themselves up to £8,500 since then.

According to figures calculated by the comparison website moneysupermarket.com, since the ban, the average smoker has saved themselves £2,740 on cigarettes . Further, a 30-year-old male smoker would have to pay £44.60 a month for critical illness cover, while his non-smoking counterpart would pay £27.70, which is a saving of 42 per cent.

Head of protection for moneysupermarket.com Emma Walker said: "In order to be classed as a non-smoker and therefore qualify for life insurance premium savings, insurers insist on smokers having packed in smoking for a full year."

This year's budget saw a rise of two per cent on alcohol and cigarettes, a move David Cameron said would "hit every drinker in every pub ".
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