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Stop smoking and the savings will be more than you expect - you life insurance premiums should be some 50% cheaper to start with. This article explains.
Life and Critical Illness Insurance. Quit smoking and your premiums will crash. Page 2
Author: Michael Challiner
People searching the Internet for low prices, have forced the insurance
So giving up smoking is a really good way to save on your life and critical illness premiums. Most companies won't classify you as a non-smoker until you've fully given up for a least a year - and some even want five years. But once you've passed the 12-month stage you need to contact your insurer and be re-quoted. And don't be tempted to lie because that's false economy. If you were subsequently to make a claim, the insurer is certain to seek confirmation from your Doctor that you were a non-smoker and if that was wrong, the claim would be thrown out under the policy's non-disclosure provisions. Once you have the re-quote you'll see a big reduction in the premium but don't accept it automatically. The odds are that you'll still get a cheaper quote elsewhere on the Internet - and what better place to start than our web site! Just a word of warning. If you do find it's cheaper to switch, don't cancel your existing policy until the new policy is confirmed and in place. That's because it's always possible that the new insurer will revise their initial quote upwards when they've seen your full application details and health record. Only cancel your existing policy when everything's in place with your new policy. And it's quite easy to terminate a policy - simply cancel your direct debit! After a few weeks the insurer will contact you to find out why - just tell them you don't need the policy anymore, and that's that! There are no cancellation charges just more savings in the bag. Did you Know? It is, however, beginning to get easier to get mortgage quotes for high value homes. Recent figures from the Land Registry show a massive increase in the sales of million pound plus properties. Did you know? Today's Tip Don't buy direct from a Life Insurance Company or even your bank, until you have received at least two quotes from specialist life insurance brokers. That way you're bound to get a great deal for your life insurance policies . |
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