Press Release 01-03-2010

Swap ash for cash on No Smoking Day

The UK's annual no smoking event gives smokers the perfect chance to save cash on their finances.

No Smoking Day on 10 March will give smokers a great opportunity to kick the habit and save themselves thousands of pounds on their Life Insurance policies in the process.

Insurance companies consider ex-smokers to be 'non-smokers' a year after they have given up. Being classed as a non-smoker means that, for many types of policy such as Life Insurance and Critical Illness Cover, premiums can become around 50% less expensive, so many people could still save money even if their policy has been in force for years.

Typical rate table shows savings that can be made when a customer quits smoking*

Source: www.lifesearch.co.uk

* Quotes assume £150,000 of level term assurance over 25 years, guaranteed monthly premiums.

To be classified as a non-smoker by an insurance company you must have quit smoking for at least 12 months. At that point, you should speak to a financial adviser for free to see if they can rebroke a new policy for you at a cheaper premium. A cheaper premium is not certain, as it also depends on age and health, but there is a very good chance that the premium will fall.

Matt Morris, Senior Policy Adviser at LifeSearch, says: "It is important to make sure you have a new policy in place before cancelling the existing one, as a new policy could turn up some nasty surprises in underwriting and may even be declined if your health has changed."

Enquiries

• Matt Morris, Head of Media Relations
  Direct Line:   0207 065 1020 / Switchboard: 0207 065 1000
  e-mail: mattmorris@lifesearch.co.uk

Notes to editors

• About LifeSearch
• LifeSearch can source case studies where required and can provide tables of typical premiums.
• Consumers can now buy Protection Insurance products online with regulated advice in a quick and simple format for the first time ever without having to deal with an adviser at www.getliferight.co.uk.
• Contact LifeSearch