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Smokers cough up 50% to 80% more in life insurance premiums

The new Tobacco Products and Electronic Delivery Systems Control Bill, which is intended to further regulate the smoking industry, is open for public comment – but how many smokers consider the financial impact of their habits?

First, there’s the actual expense in your grocery budget – a pack of 20 Peter Stuyvesant Red cigarettes cost R46. If you smoke a pack a day, that works out to R322 a week – R1,288 to R1,610 a month. According to Momentum Myriad in 2020, a smoker’s life insurance premium was as much as 80% more than that of a non-smoker.

July 27, 2023 by msn.com

Smokers cough up 50% to 80% more in life insurance premiums

While smokers have long been rated as higher risk when it comes to health and life insurance, people who vape are now also considered candidates with a higher risk.

July 26, 2023 by dailymaverick.co.za