A new infographic shows that life insurance costs can drop for people who quit smoking — typically 20-30% less for whole life insurance rates. Smokers seeking term life insurance rates can pay 100-300% more than non-smokers.
New York, NY (PRWEB) December 03, 2013
The health consequences of smoking are widely known: Smokers die 10 years earlier than non-smokers and are more likely to get other deadly diseases.
Quitting smoking — as many people will try to do in the next few months as a New Year’s resolution to get healthier — has more than just health benefits. The added expense of a pack of cigarettes is just part of their financial life that can improve by no longer smoking.
A new infographic by BestLifeQuote.com shows that life insurance costs can drop for people who quit smoking — typically 20-30% less for whole life insurance rates. Smokers seeking term life insurance rates can pay 100-300% more than non-smokers.
For example, for a $500,000 life insurance policy with a term of 20 years, a 45-year-old man who smokes would pay $289 a month for the premium, compared to only $52 for the non-smoker. That’s $56,880 more over the policy’s term — enough money for a luxury cruise trip around the world.
The infographic and an accompanying story by BestLifeQuote.com point out that non-smoker life insurance rates can be given to clients who smoke something other than cigarettes. These can include cigars, e-cigarettes, chewing tobacco and even marijuana.
To prove they’ve quit, insurance customers can take a blood or urine test to check for nicotine and be nicotine free for a year before they can typically get a discount.
As a new year approaches, now is the best time to alert your readers how much money they can save by quitting smoking. Health improvements are a major resolution for many people when a new year starts, and no longer smoking can lead to a lot more than better health — it can lead to a better wallet, too!
If you’d like to talk to Liran Hirschkorn, the owner of BestLifeQuote.com, feel free to email him at: email@example.com. He can talk about more about how smokers can drop their life insurance rates by quitting smoking, or about other life insurance questions you may have. Or call 800-574-0245.
If you use the inforgraphic on your website, please use the embedded code at the bottom of the link, and please attribute to BestLifeQuote.com.