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low cost permanent life insurance coverage for smokers

The life span insurance industry is now tougher on smokers and those folks who are heavy.

When an insurance company calculates its prices, it has to work out the risk of you dying whilst the insurance policy is in force. (Or Critical Condition Coverage, the risk that you’ll become critically ill during the policy’s duration.) In this context, smoking and overweight have become progressively important issues.

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The permanent life insurance industry pointedly ignores the views of some Pro Smoking Pressure Groups which claim that smokers under age 40 have around the same probability of dieing as non smokers. D. Pickett, INSURANCE COVERAGE Manager at Sainsbury’s affirmed “Health risks associated with smoking can have a major influence on life coverage costs. It is vital for those who have kicked the behavior to examine their policies”.

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Just how big an impact smoking has on cheap life insurance costs was outlined in a recent snapshot review by This discovered that the average cigarette smoker paid 56% greater than a non-smoker. The analysis was predicated on nine of the UK’s top insurance firms and reviewed the monthly premiums quoted for just two men aged 30 asking for $100,000 coverage over 25 years. The only real difference between the program details was that one was a cigarette smoker and the other wasn’t.

The life insurance industry has also recently tightened its belt on the over weight customers of modern culture. Previously, only people who have a physical body Mass Index of 33 or more were regarded as fat. This level has been reduced by 16%. Now a person with a BMI of 28 or even more will probably face premiums loaded by 50%. If you are anxious to learn whether that includes you, you’ll desire a calculator! BMI is determined by dividing your body weight in kilos by your level in meters and the full total consequence squared.

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So if you are intending to make an application for low cost life insurance is may be as well to loose several pounds first – oops kilos – and they are much harder to reduce than pounds!

It’s not quite so uncomplicated for smokers. To be considered a non-smoker, most permanent life insurance agencies insist that you should not have “smoked or used any form of nicotine products through the previous year.” Some life insurance coverage go and stretch this period to a further 5 years!

Because rates for smokers and over weight people are so high, it becomes even more important to seek out the least expensive possible prices. As you’re a web surfer, the odds are you’ll land a good discount. Just seek out cheap life insurance and let your fingertips do the walking!! You’ll still pay more but the discount will soften the impact on the wallet. Expect online cost savings of 10% – 15%.