People who smoke could pay as much as £16,000 extra in life insurance coverage premiums – COVER

You are currently accessing Cover Magazine via your Enterprise account.
If you already have an account please use the link below to sign in.
If you have any problems with your access or would like to request an individual access account please contact our customer service team.
Phone: +44 (0) 1858 438800
Email: [email protected]
Search Cover
COVER hosts conferences and bespoke events
for PMI and protection professionals.
View all events
Search Cover
You are currently accessing Cover Magazine via your Enterprise account.
If you already have an account please use the link below to sign in.
If you have any problems with your access or would like to request an individual access account please contact our customer service team.
Phone: +44 (0) 1858 438800
Email: [email protected]
The insurer stated that non-smokers could be eligible for lower rate premiums if they have not smoked tobacco, or used any nicotine replacement products including e-cigarettes, for 12 months. According to Royal London research, a smoker aged 50 would pay nearly triple every month what a non-smoker of the same age would have to pay for the same sum assure – £29.13 compared to £82.48, based on level single life cover, over a 25-year term for £150,000 sum assured. In the example, savings can amount…
To continue reading this article…
Join now
Login
Social care cap amendment defeated in House of Lords
CII's Ambassadors in Action conference set to mark 125th anniversary
Editor, COVER
FCA hastens process to cancel or vary regulated firm's permissions
The golden opportunity for Group Income Protection
"I won’t ever end my advice journey with a client until I’ve talked GIP"
According to CIExpert research
“Communication is key”
© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR.Registered in England and Wales with company registration numbers 09177174 & 09178013. Part of Arc network, www.arc-network.com

source

Leave a Comment

Your email address will not be published. Required fields are marked *