e're not being up.
insensitive, honestly!
We're talking about your They point out that some insurers
last gasp of smoke – have you have adopted a more relaxed
given up smoking recently? definition of a non-smoker. Some
insurers have shortened the 5
Did you know that smokers paying year smoke free period to just
up to 60% more for their life twelve months. So if you haven't
insurance cover compared to smoked for a year, find out how
non-smokers. So, besides the much you can save by moving your
health dividend and the money life insurance to one of these
saved on cigarettes, insurance insurers. But be careful. You
companies will chip in with lower must never cancel your existing
life insurance premiums. And the policy until you've received
insurance savings aren't to be written acceptance from the new
sneezed at! A typical insurer.
policyholder could save at least
£10 or more per month. How do find the right insurer?
With most insurance companies, First go onto Internet because
you qualify for non-smoker that's the best way to find cheap
premium rates if you haven't insurance. Then search for a life
smoked or otherwise used nicotine insurance broker that fulfils
products, within the last five three criteria:
years. Now five years is a long
time to wait for the extra The broker must search the whole
spending money if you've only insurance market for the lowest
recently given up smoking. price – this means that they will
However, people in the know have find the cheapest insurance
pointed out a way to speed things company for you.
be able to speak to a life
The broker must be prepared to insurance adviser on the phone so
discount the prices – they you can explain what you need. Of
achieve this by rebating some of course, to be able to be able to
their commission back into your make a direct comparison with
policy. That ensures you get a your existing policy you need to
really cheap quote. get a quote on an identical
policy that terminates in the
They'll phone you with the quote same year as your existing
and provide further help – this policy.
is essential as the chances are
that the price they will Once you've got the right quote,
initially phone you with, will be you'll be able to see much you're
from an insurer using the a likely to save. So if the price
five-year smoking definition. You looks right, make a full
have to tell them that you need application.
the cheapest quote from a company
using the twelve-month smoking One of the main aspects that will
definition . That means they'll affect your premium is your age.
have to call you back after doing Therefore, if your existing
some digging. policy was bought some years ago,
the savings could be less than
If you use a web site that the 60% we have indicated.
provides an immediate on-screen However, life insurance is one of
quote, you won't know whether the those things that's become
quote provided comes from an cheaper over recent years - so
insurance company that uses the until you get the figures in
5-year or 12-month smoker front of you, the savings are
definition. Online systems never hard to predict. You'll just have
tell you. That's why you need to to get a quotation and find out!
As all the brokers we know are choosey about whom they accept on
only too pleased to provide free standard insurance terms – that's
quotations without any the first price you were quoted.
obligation, you've nothing to The company's selection rules
lose and possibly lots to gain. about health and weight have
become far tougher resulting in
After finding a cheap quotation more clients having their premium
from an insurer with the 12-month loaded. That's why you must not
smoker definition, you'll have to cancel your existing life policy
complete a full application form. until you've got a final
Be sure to read every question acceptance notice at a price that
carefully and answer all the gives you the savings you're
questions fully and honestly. Far looking for.
too many people try to ensure
they qualify for a low premium by Whilst the process to switch a
being “economical with the policy may sound a little
truth”. Don't be tempted. If daunting, it isn't really too
there is a claim, the insurer bad. Just think of the money
will recheck the information you you'll save! Just reward for the
provide, even if it's many years stress of giving up smoking.
later.
Best of luck.
Over the last few years insurance
companies have become more
About the Author:
Michael writes for Express Life Insurance who offer Life Insurance and critical illness insurance. Click here for more life insurance topics
