Why you Should Review your Life Insurance Policy
The current recession is causing all of us to review our expenses and to reconsider whether we really need to spend on items we used to take for granted such as life insurance. However, whilst many of us are eager to reject the idea of life insurance as a necessity at all, we all know that the best way to benefit from the security it offers is to be a healthier person.
How healthy are you? Could you benefit from dropping some of those vices?
Smoking: Whether you are a smoker or not can make a huge difference to the amount you spend on life insurance premiums. Stopping smoking for a year when you reach the age of 40 can result in premiums 50 percent lower than they would be for a continuing smoker.
Alcohol: Similarly, alcohol consumption can affect life insurance prices also. Insurers are being forced to push up prices after increases in cases of liver cirrhosis, heart problems and cancers which may be linked to alcohol consumption. 20 percent of UK men and 30 percent of women are said to drink 'hazardous' amounts.
Obesity: Being obese to the point that it affects your health, and with levels of clinical obesity increasing faster in the UK than anywhere else, life insurance companies are beginning to take note.