Smokers Life Insurance

Calling all smokers. A dream ticket for two to Paradise Island - for all of you!

Sorry to remind all you died in the wool smokers but November was Lung Cancer Awareness month. But no don't click away - spare a few moments of your time, please ::

If hard words on packets wash over you, let me put the financial case to you for quitting. As well as feeling healthier I can offer you a holiday on Paradise Island in the Maldives, for two, for every year of your longer life!!

OK, I know you don't believe me. Let's explain. Say the average smoker is 40 and smokes 20 a day. With cigarettes at GBP5.00 a packet that's GBP1,800 a year. Then you'll save loads on the cost of your life, critical illness and medical insurance. Just how much was highlighted in a recent snapshot study by;

This found that the average smoker paid 56% more for life insurance than a non-smoker.

Therefore, giving up could easily save you GBP50 per month on your various insurance premiums. So as a non-smoker you could be GBP2,400 per year better off.

Wearing a financial hat I can show you that if a 40 year old man put those savings into a personal pension plan with NFU, then at 5% per annum growth, he'll have a healthy retirement fund of GBP97,860. On retirement that could give an in the pocket tax-free sum of GBP24,465, plus an annual lifetime income of GBP3,830 (or GBP5,100 per year if the tax-free cash was left in the pension).

On the other hand let's have a life of fun!

For GBP2,400 you can have a 5 star 10 day holiday for two on Paradise Island in the Maldives. Give up being a smoker for life and you could afford to go back to Paradise Island every year!

QED - makes you think doesn't it?

Michael Challiner has 15 years experience in financial services marketing at senior level. Michael now works as the editor of Express Life Insurance. Express Life Insurance offer "" UK life insurance as well as "" critical illness cover and mortgage insurancefor uk residents.

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