EXPERT COMMENT – IMPACT OF SMOKING IN LIFE INSURANCEĀ 

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News today reveals that shopkeepers are demanding stricter laws for selling tobacco, including increased age limits. Life insurance expert at Confused.com, Louise Thomas, comments:

“There is growing support to increase the age limit for buying tobacco from 18 to 21 in the UK. This comes as shopkeepers are increasingly concerned about the health of their customers.

“Our research reveals that more than half (51%) of smokers in the UK are aware that quitting will increase their life expectancy and reduce health risks. But that means there are still many that don’t recognise the impact smoking can have. Nearly 1 in 3 (30%) smokers began smoking between the ages of 16 and 18, so increasing the age limit could have a positive impact in the long run.

“The data also shows that 1 in 6 (16%) don’t feel that they need life insurance. But it acts as a great safety blanket in case anything does happen, especially if your lifestyle habits could impact your health. Although smoking can have a significant impact on the cost, it’s so important to have life insurance in place and be honest when declaring any health conditions or lifestyle choices, especially if you have dependents. If you’re not honest, you run the risk of your policy being cancelled or even declined in the future. If you’re worried about your lifestyle choices increasing your insurance costs and are unsure of the impact of smoking on life insurance, our guide has all the answers.”


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