Economic Effects of a New Year’s Resolution to Quit Smoking are High
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 protected]. 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.
Liran Hirschkorn, BestLifeQuote.com, http://www.BestLifeQuote.com, +1 8005740245 Ext: 101, [email protected]
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