Veggies can now get great deal on life insurance

Life insurance premiums can vary from one insurance company to another, but the cost of premiums is based upon your circumstances, medical history, and lifestyle.

In the past, we have all learned that those that smoke, those that are morbidly overweight, and those with certain medical conditions will pay more for life insurance because it makes them high risk. Healthy individuals that do not smoke, do not drink to excess, and are not overweight, however, can enjoy lower premiums.

There is now an insurance policy that takes it one step further, and offers discounted premiums to those that do not eat meat. Vegetarians and those that eat only fish and no meat can enjoy lower premiums with the life insurance cover that is available through Animal Friends Insurance. The company, which is a non-profit organization that deals with pet insurance, has got together with Liverpool Victoria in order to offer the special life insurance deal.

According to the company there are around 3.5 million people in the UK that are either vegetarian already or are planning to give up meat in the next year or so. The term life insurance on offer from Animal Friends and Liverpool Victoria will offer a 6% discount on premiums to vegetarians and fish eaters.

One official from the company stated: “The risk of vegetarians suffering from some cancers is reduced by up to 40 percent and from heart disease by up to 30 percent, but despite this they have to pay the same life insurance premiums as meat eaters. We believe this is unfair and the life insurance industry needs to acknowledge the fact that being a vegetarian can have a very positive impact on life expectancy and reduce premiums accordingly.”

Tom Smith
19th September 2007

Tags: lifestyle, vegetarians, eat, good, Insurance, life, vegetables, healthy, exercise, disease