TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Uncategorized

I’ve just stopped smoking and want to get income protection – do I need to tell the insurer? 

by souhaib
September 29, 2020
in Uncategorized
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

Agile Time Management Project Management

Pfizer says it expects data on COVID-19 vaccines for children in ‘early part of 2021’

John Oliver on the new 'Last Week Tonight' season and if Trump was good for comedy

I’ve just stopped smoking after more than fifteen years and am considering getting insurance – possibly income protection, possibly life insurance. 

I currently pay a huge amount for my Virgin Active gym membership and think there are some options for combining insurance and getting money off that. 

But how long do I have to have been a non-smoker for my premiums not to be sky-high? How should I approach this?

It’s normally at least 12 months after a person has stopped smoking that they are considered to be a non-smoker

Emma Walker, of protection insurance adviser LifeSearch, replies: First of all, congratulations on your great achievement. 

Stoptober, the health awareness campaign by Public Health England has led to more than 1.5million people trying to quit smoking in Britain, since it was launched in 2012. 

The success rate for those actually quitting is the highest it’s been for a decade. So, it’s great news that you’ve successfully quit smoking.

As the British Heart Foundation highlights, smoking can seriously damage the lining of a heart, which then increases the risk of heart attacks and strokes. 

It can also lead to blood clots, increased blood pressure and other serious heart and lung problems, such as coronary heart disease and lung cancer. 

Emma Walker is a director at specialist protection insurance adviser at LifeSearch

Emma Walker is a director at specialist protection insurance adviser at LifeSearch

Quitting smoking improves a person’s health and brings both short and long-term health benefits. 

For example, within two weeks of not smoking, a person’s heart rate and blood pressure levels are shown to drop and the risk of a heart attack decline.

Given the high risk of health issues associated with smoking, it’s understandable that insurers need to take the various health consequences into account when deciding what premium to charge. 

It’s normally at least 12 months after a person has stopped smoking that they are considered to be a non-smoker, free of all nicotine products, and eligible for non-smokers rates. 

The 12-month period helps to establish that a person has truly quit smoking and not lapsed back into smoking again.

However, it is not recommended that you delay obtaining some protection cover until you are a non-smoker. 

Insurers offer a large range of products options that help to make the premiums affordable for smokers. 

For example, income protection plans are available to smokers and non-smokers that will pay out a regular amount for a maximum of two years, in the event of someone being unable to work due to ill health. 

CHEAPEST LIFE COVER GUARANTEED 

This is Money has partnered with Cavendish, an independent financial adviser firm specialising in life cover, critical illness cover and income protection. 

To find the cheapest life cover available in the UK you can apply online through This is Money here. 

Alternatively, if you’re not sure what cover you need and you want some help, choose one of the options here and an independent adviser will help you find the right deal for you. 

A financial adviser would be able to help assess all the options available and the maximum level of cover you’re able to put in place, with the budget you have available.

Then after 12 months of being smoke-free, they would be able to review the market and potentially obtain a reduction in the cost of your cover, as a non-smoker.

Yes, there are providers in the market, that when arranging protection cover with them also offer a range of health and well-being initiatives to support their customers. 

One such provider is VitalityLife, which has an innovative plan which enables their members to receive rewards for continuing to engage in a healthy lifestyle. 

This includes discounts of up to 50 per cent off Virgin Active or Nuffield health gym membership as well as other benefits designed to help you stay fit and healthy. 

It’s even possible under their healthy living rewards programme to potentially reduce the monthly cost of life cover premiums and receive cashback, if you maintain a healthy life as a non-smoker. 

A financial adviser will be able to explain the various benefits available in more detail.

Sarah Davidson, of This is Money, adds: We often think of buying life cover online from price comparison sites because it’s possible to search the whole of the market and find the cheapest quote in a matter of minutes. 

But it’s not necessarily the best idea to do this. You may not know how much you should be insuring yourself for and it’s unlikely that the quote will be tailored to your individual circumstances. 

At This is Money, we do think it’s worth speaking to an adviser if you’re looking for protection, especially if you want more than simple life insurance. 

That said, if you’re determined to go it alone there are plenty of options available. 

You can buy cover online from a number of price comparison websites Compare the Market, Confused or Moneysupermarket offer a good range of products and will quote you based on averages. When you apply directly to the insurer, they will then provide you with a personal premium offer.  

Alternatively, you can get a personalised quote online by answering some basic questions – This is Money has partnered with Cavendish Online to offer our readers exactly this option, for the cheapest price anywhere in the market.

You can complete the whole journey online or you can choose to chat to an adviser if you prefer, at any time.  

Life insurance experts

THIS IS MONEY’S FIVE OF THE BEST PROTECTION INSURANCE DEALS

 

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Tags: dailymail moneyusa today money
Share30Tweet19
Previous Post

ITV’s Honour reveals Banaz Mahmod killers were ‘boasting and laughing’ about raping her

Next Post

Britain’s top surgeon admits ‘we’ve never had to deal with anything like this’ with NHS waiting list

souhaib

Recommended For You

Agile Time Management Project Management

by souhaib
March 19, 2021
0

Time management Project management is very important.  If you are an owner of the company often the CEO without being the managing director, the one who must be...

Read more

Pfizer says it expects data on COVID-19 vaccines for children in ‘early part of 2021’

by souhaib
February 11, 2021
0

Both Pfizer Inc and Moderna Inc say they expect to have data on how well their coronavirus vaccines work in teenagers later this year.Currently, immunizations against COVID-19 are...

Read more

John Oliver on the new 'Last Week Tonight' season and if Trump was good for comedy

by souhaib
February 11, 2021
0

John Oliver talked with USA TODAY TV Editor Gary Levin about the new season of "Last Week Tonight" and why he won't miss President Trump.        Source link

Read more

Dr Fauci declares April ‘open season’ for COVID-19 vaccinatoins

by souhaib
February 11, 2021
0

Dr Fauci declares April 'open season' for any American adult to get a COVID-19 vaccine and predicts the 'majority' of Americans will have two doses by fallDr Anthony...

Read more

Biden administration fears it could take nine months to reach herd immunity

by souhaib
February 11, 2021
0

The US may not reach herd immunity and return to some semblance of normalcy until Thanksgiving at the current pace of COVID-19 vaccinations and speed of variant spread,...

Read more
Next Post

Britain's top surgeon admits 'we've never had to deal with anything like this' with NHS waiting list

No Result
View All Result

Recent Posts

  • Stores without returns, will allow the customer to keep the item | Video
  • in the United States, the digital giants face the danger linked to personal data
  • Kendall Jenner sunbathes NUDE in latest Instagram
  • BTS, the famous K-pop band, announces a break
  • Opportunities exist for companies, despite the complex and uncertain environment: Jorge Nacer

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide