Life and Critical Illness Insurance. Quit smoking and your premiums will crash.
Smokers have less money to burn that the rest of us - that's
- Life Insurers use the Body Mass Index to tighten the belt on fat people
- If youre fat the life insurance companies will load your premium by up to 400%. But how do they decide who is overweight? This article explains.
- Life Insurance Rates
- What factors influence your life insurance premium? This article provides an introduction.
- Insurance Are you covered and don't realise it?
- It might be worth checking whether you are forking out for two different insurance policies that cover you for exactly the same thing. Selling duplicate insurance policies is, after all, how some companies make their money.
- Critical Illness Insurance. Big changes on the horizon
- Critical illness insurance is beginning to price itself out of the market. But moves are afoot to bring in Menu Pricing. This will enable you to select which illnesses you want to insure against and you simply pay for that level of cover. This article explains.
- Life Insurance. Top Tips for Buying Online
- Buying life insurance online is easy but this article provides 5 money saving tips that the man in the street would otherwise be unaware of. Essential reading.
- Save Thousands on your Life Insurance.
- Smoking is the bane of many our lives. Giving up not only helps you live a longer, healthier lifestyle - it can also save you thousands on life insurance.
So the forthcoming ban on smoking in enclosed public places which { mortgage rates } comes into effect in summer 2007 is surely a great time to take your last drag! Similar smoking bans already in force in Scotland and Ireland, have persuaded thousands and thousands to give up.
Indeed, recent figures from the Health Development Agency show that smoking is the biggest single cause of illness and premature death, killing some 83,200 people a year in England alone! It's not surprising therefore, that health considerations are the most persuasive reasons for kicking the habit - but there are some significant financial reasons as well!
As smokers and ex-smokers alike can testify, it's far from easy to quit the habit - but along with the health dividend, the thought of extra spending money should provide a major incentive. { mortgage quotations } Reformed smokers could put some of their newfound money into savings or pay off debts quicker, or even overpay their mortgage. Even more holidays come into play!
And life insurance is another area to make big savings. Smokers frequently pay up to twice as much for their cover than non-smokers and it seems as if premiums for smokers are still rising. That's because for some years now the insurance companies have been locked in a price war fuelled by the Internet.
People searching the Internet for low prices, have forced the life insurance companies to cut their standard rates - these are the rates they quote all their initial enquiries. But the insurers have had to recover some of their revenue in other ways. What we have seen is a tightening of underwriting criteria. This means { car insurance quotations } that anyone who is not a lithe, fighting fit non-smoker will have to pay non-standard rates - to you and me, that means more! And as smokers expose themselves to a self imposed health risk, they get hit in the neck!