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Quit smoking in ‘Stoptober’ to feel healthier and wealthier

6th October 2014 Print

Stoptober 2014 is in full swing and analysis from MoneySuperMarket reveals smokers who take up the challenge to kick the habit will benefit from healthier bodies and bank balances.

The comparison site found stubbing out cigarettes could significantly reduce the cost of life insurance. For example, a 30 year old wanting £150,000 worth of cover over 25 years could save £1,530 with Aviva over the term, or £5.10 per month, if they made the decision to go smoke free. The British Heart Foundation estimates a smoker could save themselves a further £2,555 on the cost of cigarettes per yearby making the decision to stop smoking. 

Emma Walker, head of protection at MoneySuperMarket said: "Smokers should use the month of Stoptober as a kick start to a healthier lifestyle. Not only will kicking the habit result in a healthier body but not paying for cigarettes or smoking related paraphernalia will mean they’d be better off in the pocket too. With further savings to be made on the cost of life and critical illness cover by being a non-smoker it really does add up to stub it out. 

“Those turning to a smoke free life should shop around for the best protection insurance option for their circumstances. It’s important to remember that insurers will insist smokers have kicked the habit for a full year in order to be classed as a ‘non-smoker’, so if someone quits during ‘Stoptober’ they have to be in it for the long haul to qualify for reduced life insurance rates.”