Table 3
November 2010
Comparison of life insurance costs between smokers and non smokers
Based on a joint application, (1) male 30 and (2)Female 29 Sum insured € 250,000
Term 25 years
|
Company Name |
Monthly premium Level term age 30/29 |
Monthly premium Level term age both Smoking |
Difference over term |
|
Caledonian Life |
30 |
49 |
5700 |
|
Canada Life |
34 |
62 |
8400 |
|
Friends First |
30 |
53 |
6900 |
|
Hibernian Aviva |
40 |
53 |
3900 |
|
Irish Life |
28 |
50 |
6600 |
|
New Ireland |
29 |
50 |
6300 |
|
Zurich |
29 |
51 |
6600 |
This analysis demonstrates the additional cost of life insurance as a result of smoking for a couple aged 30 and 29.
What happens when you give up smoking?
The benefits of giving-up in addition to saving on your life insurance!
The health benefits start right away when you give up smoking:
Within 20 minutes your circulation will improve, your heart rate and blood pressure will get lower. This reduces your risk of heart attack straight away.
Within 8 hours the carbon monoxide level in your blood will drop and the oxygen level will go up.
Within 24-48 hours all the carbon monoxide will have left your body.
Within a few days your sense of smell and taste will start to improve.
After 72 hours your breathing will improve and your energy levels will increase.
Within 2 or 3 months your lung capacity can increase by up to 30%.
Within 1 year your chance of heart attack drops by half and within 10 years the risk drops to almost the same as a non-smoker.
Within 5 years the risk of smoking related cancers will be greatly reduced.
Once you give up, your lungs start to fight back by coughing up tar. A mug full of tar builds up in the lungs of a 20 a day smoker over the period of a year. It is the toxic chemicals in tar that cause cancer.
These are just some benefits. No matter what age you give up smoking, you will:
look and feel better
have fresher breath and cleaner teeth, hair, skin and fingers
have more control of your life
be fitter and have more energy
reduce your risk of illness
reduce the complications of existing illnesses
have a better quality of life
be a good role model for your children or grandchildren
have more money
have a healthier family as they will not be exposed to your second-hand smoke
