Financial News

• Brown dismisses housing crisis fears (09 04 2008 10:15)
• Mortgage hope offered by bank (09 04 2008 10:15)
• Consumer morale 'falls again' (09 04 2008 10:15)
• Bristol & West withdraws deals (09 04 2008 10:15)
• Retirees feel 'unhappy due to no longer working' (09 04 2008 10:15)
• Severn Trent to be fined £36m (08 04 2008 04:15)
• Brown to announce first time buyers help (08 04 2008 04:15)
• UK bank details 'for sale by thieves' (08 04 2008 04:15)
• Last 100% mortgage to disappear (08 04 2008 04:15)
• High earners 'shut out of market' (08 04 2008 04:15)

Subscribe!

Quit fags and boost your finances

Quitting smoking can offer a financial boost as well as the health improvements – but it can also lower your life insurance premiums, say experts.

With the chancellor today levying an extra 11p on a packet of 20 cigarettes, the cost of smoking has never been higher.

However, Norwich Union says there is another saving consumers can make if they can kick the habit, as spokesperson Sarah Horner explained.

Stressing that a broad impression of an individual's lifestyle was the key, she said there were likely to be some savings - and for certain people, a non-smoker "can pay around half the premium as their smoker counterpart".

She added: "As any smoker or ex-smoker will know, giving up smoking can be an extremely hard thing to do, so it's perhaps unlikely life insurance savings will be the only reason to quit, but they can certainly be an added incentive."

The chancellor's decision to add 11p on to the cost of a packet of cigarettes came appropriately enough on National No Smoking Day.

Send this article to: