• 27
  Jan
  2010

• Smokin’ Hot Options for Term Life Insurance

  
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Did you know that living a healthy life can have a positive impact on your term life insurance as well? The latest trend in term life insurance is rewarding a plan holder for healthy habits, especially in the area of smoking tobacco.

Traditionally, life insurance premiums have always been higher for smokers, and the latest trend seeks to reward people who have kicked the habit. According to the idea, anyone whose new year resolution is to stop smoking should register for a prompting service, which sends a reminder that the applicant may be eligible for non-smoker rates at the end of the year.

Clearly, if kicking the smoking habit is on your agenda, save the date that you stopped smoking, so that you can remember to review your policy rates at the appropriate time. Some term life plans might not allow you to change your status midway—check with your plan for details.

Term life insurance is a great way to receive extra cover during those periods in time when the need is greatest. While it doesn’t work as an investment, it helps you plan your finances and ensure that your family is still well settled if the unthinkable happens.