Quick links to latest articles:

Kick the habit - and save on insurance too

By Matthew Plant - Financial specialist

4 January2011

With people around the country considering their New Year`s resolutions, a common one is giving up smoking once and for all.

Recent research indicates that 22% of women and 30% of men are ex-smokers, and that two thirds of the people who smoke today would like to join them.

As moneysupermarket.com points out, the health benefits and the actual cost of tobacco aren`t the only things to take into account here - insurance can cost a fair bit more for smokers, so kicking the habit can lead to some real savings here, too.

Someone who `stubs out` for good could save up to 1,725 on a single life insurance policy - or an average of 9,225 on combined Critical Illness Cover and life cover - the press release claims.

According to Emma Walker, protection expert at moneysupermarket.com: "New Year is often the time when people make promises to themselves to be healthier - but kicking the habit would benefit your wallet too. Don`t let your hard-earned cash go up in smoke; there are real savings to be made by kicking the habit and shopping around for the best insurance deal to suit your circumstances. In order to be classed as a `non-smoker` and qualify for life insurance premium savings, insurers insist smokers have kicked the habit for a full year."

Tags: insurance, smoking, habit, give up

Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider. Cards are provided by third parties and are subject to eligibility, status and terms and conditions. Applicants must be UK residents aged 18 or over.

All About Money Limited © 2013. All rights reserved. 42 Boston Rd, Sleaford, Lincolnshire NG34 7ER.