The recession is causing all of us to review our expenses and to reconsider whether we really want to spend on items such as life insurance.
While many of us are eager to reject the idea of life insurance as a necessity at all, we all know that the best way to really save and benefit from the security it offers is to be a healthier person. So how healthy are you?
Whether you are a smoker or not can make a huge difference to the amount you spend on life insurance premiums. You can make big savings by quitting smoking today!
According to The Guardian, stopping smoking for a year when you reach the age of 40 can result in premiums 50 percent lower than they would be for a continuing smoker. Taking actual costs into account, an individual could save over $100 a month.
Alcohol consumption can affect life insurance costs also. This info increases in significance when we consider how much is adequate to drink in health terms. The Telegraph reported last December that insurers were being forced to push up prices after increases in cases of liver cirrhosis, heart problems and cancers which may be linked to inebriant consumption. 50 units, i.e. an amount that is considered harmful, can result in $300 extra on life insurance premiums over a year.