Criticl Illness Cover For Smokers
This article is to highlight the cost benefit in critical illness cover
for non-smokers as appose to smokers. The article explains how the difference in cost increases
with age and that giving up smoking now will give significant advantage both to your help and
your pocket.
After years of scientific research it has now been scientifically proven
that smoking does have a detrimental effect to a persons life and a smoker is more susceptible
to being diagnosed with a serious life threatening illness.
Smoking is the single biggest cause of cancer in the world. (Cancer research)
According to research carried out by the author, all insurance companies
apply an increase to the amount of the monthly premiums of life insurance and critical illness
cover policies if the applicant is a smoker. This research shows that the increase in premiums
increases exponentially the older the applicant becomes. Therefore there is no great difference
in the premiums of a 20 year old male smoker to that of a 20 year old male who is a non-smoker,
where the smoker will pay a few pound more. Compare this with a 35 year old male smoker looking
to take out a new 20 year critical illness cover policy who will pay some £20 per month more
than the non smoker equivalent, this increase steps up a to £40 difference for a 40 year old.
So to save money on your life insurance and/or critical illness cover then
if you can quit smoking 12 months prior to applying for life insurance and/or critical illness
cover you should qualify for the lower non-smokers premiums. You will however, still need to
declare to the insurance provider or insurance broker that you have been a smoker in the past
but if you have been clear of smoking for 12 months then the non-smoker rates will apply. This
is because non-smokers are less likely to make a claim on either life or critical illness as
there is a lower risk to the individual from being diagnosed with a serious life threatening
illness or suffering loss of life.
Look after your health, and the pounds will look after themselves!
About the author:
Steve Wentworth formed his firm Wentworth Financial Services in November
2007 having been in the industry since November 2002. If you are looking for
critical illness cover for smokers
or want to know how to obtain
cheaper critical illness insurance premiums
then visit our website. |