Are you smoking away your money?
March 14, 2007 by admin
Filed under News, News-Banking
Smokers are being urged to kick the habit as National No Smoking Day lights up the UK on March 14th.
Co-Operative Insurance is calling upon all smokers to give up so that they can improve their health and their financial standing.
The firm claims that a smoker who gets through 20 cigarettes a day could save themselves over £1,800 every year.
That figure doubles if a couple quit smoking together but the financial benefits do not stop there.
It is also possible to severely reduce the premiums on life insurance cover by stopping, as well as premiums on income protection and critical illness insurance.
“Giving up smoking can save people a significant amount as well as hopefully bringing a longer and better quality of life,” commented Fiona Jackson, head of protection at Co-Operative Insurance.
“Someone who is able to give up an addictive habit like smoking can certainly take charge of their own financial destiny and make adequate financial provisions for their future.”
Research shows that smoking is more common among men than women, although the gap is just three per cent.
Smoking is said to cause 30 per cent of all cancer deaths, 17 per cent of heart disease deaths and at least 80 per cent of deaths from bronchitis and emphysema.
