Monday, July 6, 2009

On a health-binge? Why you should review your life insurance policy

The global economic crisis is causing all of us to revise our expenditure and to review whether we really need to spend on items that we usually take for granted such as life insurance. However, while many of us are eager to reject the idea of life insurance as a necessity for all, we all know that the best way to really enjoy the security it offers is to be a healthy person. So how are you healthy? And could you kicking enjoying some of those defects in touch indulgent?

Whether you are a smoker or not, can make a huge difference to the amount you spend on life insurance premiums. United Kingdom, the Tobacco Free Day takes place May 11 and highlights the many benefits of quitting, and regardless of the obvious health implications, the financial plan through savings on your life insurance are also very important. According to The Guardian, to stop smoking for a year when you reach age 40 can result in premiums of 50 per cent lower than they would be for a smoker. Taking into account the actual costs, a person could save over £ 100 per month.

Similarly, alcohol can affect the price of life insurance as well. This information increases in importance when one considers how much is appropriate to drink in terms of health. The Telegraph reported last December that insurers are forced to raise prices after the increase in cases of cirrhosis of the liver, heart problems and cancers that May be linked to alcohol - while statistical Kingdom Britain 20 percent of men and 30 per cent of women reported drinking at "hazardous" amounts. 50 units, ie an amount which is considered dangerous can lead to 300 pounds on the premiums in a year. Yet an article stresses the importance of taking a re-test of liver function should be cut, which may be taken into account when considering a life insurance policy.

Be obese, to the extent that it affects your health, and levels of clinical obesity is increasing more rapidly in the UK than elsewhere, insurance companies are beginning to take note. Statistics form watching average of 40 years (12 stone), compared to an obese person of the same age and who weigh 18 stone. Coverage that is worth £ 100,000 would cost 50 percent more for the second individual, but in May they be the same may not be given to all covered.

While the recession is causing many of us to reduce costs, and re-evaluate the financial aspects of our lives, recognizing the cost savings achieved by those with a healthier lifestyle, it seems that 2009 could be the best year to focus on our lifestyle and our habits of money. And if you're healthier now than you were, since the purchase of life insurance, review your policy and compare prices - and to keep informed, even if you have just joined the gym. It might be more valuable than you realized. Photobucket

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