Friday 7th March 2008
Stopping smoking could help Britons save a significant amount of money, new research shows.
Figures released by Co-operative Insurance reveal that by quitting the habit people could be some £2,000 better off each year just on the cost of cigarettes alone.
Meanwhile, it was suggested that health insurance expenses may also be reduced.
The insurance firm claimed that a third can be knocked off critical illness, income protection and life premiums, which in turn would generate further savings for consumers.
Co-operative Insurance pointed out that this is because medical research highlights that smoking increases the risk of certain illnesses and conditions such as cancer and heart disease.
Fiona Jackson, head of protection at the health insurance, said: "Giving up smoking can save people a significant amount of money as well as hopefully bringing a longer and better quality of life."
She added that by giving up smoking, consumers can "take charge of their own financial destiny and make adequate financial provisions for their future".
In other insurance news, the Association of British Insurers recently warned drivers to take the time to ensure what cover their car insurance provides if driving in another part of the EU.
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