Smokers cough up 50% to 80% more in life insurance premiums
July 27, 2023 by msn.com
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 26, 2023 by dailymaverick.co.za
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, peopl…
20.20% of the adult population are current smokers. There are approximately 8.3 million current smokers in South Africa 34.60% of men are current smokers but only 6.50% of women.
SOURCE: GSTHR
