Quit smoking to save, says Marks & Spencer Money
www.moneynews.co.uk > General finance > Quit smoking to save, says Marks & Spencer Money
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Money News |
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Quit smoking to save, says Marks & Spencer Money
Fri 1st Dec 2006
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Research undertaken by Marks & Spencer Money shows that as a direct consequence of the ban, over half of English smokers plan to give up smoking completely, saving an average of £1,495 per year in the bargain.
Collectively, this adds up to a total of £18.4 billion and the research highlighted that smokers were undercutting the amount they could save by half, meaning they will save twice as much money than they initially thought.
Brendan Cook, CEO of Marks and Spencer Money, said: "The six million smokers in England who are planning to kick the habit next year are set to save a small fortune, on average £125 each month.
"Those with life insurance can make even greater savings, so it's worth giving us a call to see if we can save you some cash as well," he continued.
The knock-on effect of quitting smoking will result in people getting cheaper insurance due to the fact they tend to insure themselves up to 15 per cent more than non-smokers.
Marks & Spencer Money mortgage life insurance pays out a guaranteed sum of money designed to pay off a customer's mortgage when they die and the life cover product can be purchased for £5 per month.
Related News : General finance |
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