Life Insurance & Finance

Unfortunately there is no getting away from the fact that Life Insurance for Smokers is more expensive than it is for their none smoking counterparts.

I believe the main reason for this is that all of the UK’s Life Insurance Providers consider smokers to be at a much greater risk to make a claim and smokers are considered to have a general all round poorer level of health and fitness.

With some insurance companies your premiums can be double that of a none smoker but there are a few things you can do to try and reduce the amount you pay for your smokers life insurance:

• This is a bit of an abvious one but to stop smoking is the single most effective thing you can do to reduce your life insurance premiums. With most insurance companies here in the UK, if you haven’t used any tobacco products (Cigarettes, Cigars, Smoking a pipe, Chewing tobacco or using any nicotine products such as patches or gum) at all within the last twelve months then you are classed as a none smoker and could be elligable for paying lower premiums. 
• Reviewing your smokers life insurance on a 2 yearly basis is always a good practice (this can also apply to many other insurances such as your car insurance or home insurance).
  This is because insurance providers are constantly reviewing their prices to try and compete with their competitors.
• Exercise more and live a healthier lifestyle.
• Getting your quotes from an independent insurance broker such as www.uklifeinsurancesolutions.co.uk   They are fully independent so will search the whole of the market for you and help you to find the most suitable policy at the best possible price. Not only do they offer fantastic quotes for Life Insurance and Life insurance for smokers, they also offer critical illness insurance, income protection insurance, Accident, Sickness & Unemployment insurance and Mortgage Payment Protection Insurance.

To conclude:
If your a  life insurance smoker or looking for Smokers Life Insurance then there really isn’t any way of avoiding paying more for your insurance but if you follow the steps above then you should be able to reduce your premiums.