Smoker vs Non-Smoker Life Insurance

When you finally decided to take out life insurance one of the many questions that the adviser asked you when assessing your health was whether you were a smoker or a non smoker.

Besides being bad for your health, by being a smoker you will be required to pay more for life insurance cover than a non-smoker.

By quitting smoking you could be eligible for a reduction in your life insurance premiums if:

  • You have decided to quit smoking and stay that way for at least 12 months, and then you can ask for re assessment of your life insurance premiums.
  • You will have to have no intentions of smoking tobacco or any other substance in the future.
  • Hopefully you decided to give up smoking on your own accord and were not told to do so due to a medical condition associated with smoking.

By kicking the habit you too can save money on your life insurance premiums.

John had been smoking for over twenty years, and had a family with 2 beautiful children, when he decided it was time to quit smoking. Not only did it improve his overall health but as he had not smoked in over 12 months he was able to have his life insurance re-assessed. Low and behold imagine his delight in being told that he could now save a considerable amount of money on his life insurance premiums.

Why not be like John, and kick the habit and not only improve your health but save yourself money on your life insurance premiums.

If you have given up smoking for more than 12 months and would like to arrange a life insurance re-assessment then give us a call on 1300 793 143 or fill out the form on this page and speak to one of our advisers who will gladly give you a free quote today.

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Published on April 4-th, 2010 in Life Insurance
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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