Quit smoking and save 50 per cent on life insurance

Tue, 30 Jan 2007

Sainsbury’s Bank has revealed that smokers could save almost 50 per cent on their life insurance policy by simply quitting.

Kicking the nicotine habit, or at least staying away from cigarettes for a long period of time, could provide numerous health benefits as well as financial sense. The financial services branch of Sainsbury’s claim that a 48 per cent potential saving on life insurance is possible, a statistic that could benefit the 740,000 smokers who have quit during 2006.

The life insurance manager of Sainsbury’s Bank, Claire Moyles, said: "There is obviously the near £6 per-packet saving from not buying cigarettes, but your life insurance premiums could also be significantly lower because of your healthier lifestyle."

The future for smoking in England is looking more and more grim, when a ban on smoking in public places comes into effect in July.
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