Non-smokers make life insurance 'savings'
www.moneynews.co.uk > Insurance > Non-smokers make life insurance 'savings'
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Money News |
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Non-smokers make life insurance 'savings'
Tue 27th Feb 2007
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Ahead of a smoking ban coming into force in the summer, the price comparison site shows how a number of insurers offer markedly different rates for those who refrain from the habit.
While monthly premiums offered by Legal and General to smokers amount to £19.15, a non-smoker can pay just £10.65 for a package.
Over the course of a 25-year life insurance plan, a non-smoker could therefore save some £2,550.
Emma Walker, head of life insurance at Moneysupermarket, said that consumers had to show they had not been smoking for a year in order to qualify for life insurance premium savings.
"The difference in premiums between a smoker and a non-smoker is vast and there are significant additional savings to be made simply by shopping around for the cheapest deal to suit your circumstances," she added.
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Related News : Legal and General |
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