1). Insurance News – UK Ex-Smokers Reportedly Paying Too Much For Life Insurance. By : R.Green
According to recent life assurance research by Sainsbury’s Bank, many ex-smokers may be paying too much for their life insurance. They assert that during the past 5 years approximately 6.78 million people have given up smoking, however only a quarter of these people have informed their life insurance company.
Time requirements differ between insurers; however, many companies consider a person to no longer be classed as a smoker after one year following quitting.
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