Smokers could pay £16,000 more in life assurance premiums

No Smoking Day

John Brazier
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Smokers could pay £16,000 more in life assurance premiums

Research from Royal London shows smokers can save £16,000 on premiums by kicking the habit

On this year's No Smoking Day, Royal London states that mon-smokers could be eligible for lower rate premiums if they have not smoked tobacco, or used any nicotine replacement products including e-cigarettes, for 12 months. According to the insurer, a smoker aged 50 would pay nearly triple every month what a non-smoker of the same age would have to pay for the same sum assured, £29.13 compared to £82.48, base on level single life cover, over a 25-year term for £150,000 sum assured. In this...

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