Britons who adopt healthier habits could save hundreds of pounds every year on their life insurance premiums, new research has claimed.
According to Insurer Beagle Street, adults who give up smoking, drinking and take steps to consume a nutritious diet may find themselves forking out less for their monthly payouts.
Reported by This Is Money, the report found that a 46-year-old male smoker would be charged around £38.53 every month for a level-term life insurance policy, but if they gave up tobacco the premium would fall to just £16.75 a year.
Experts have urged individuals to shop around for a suitable policy that fits in with their lifestyle, while those who have stopped smoking and reduced their alcohol intake should search for better products.
Commenting on the findings, Matthew Gledhill – managing director of Beagle Street – said there could be an added incentive for Britons to lead healthier lifestyles if they know it will ensuring they are parting with less money.
He added: “If you have stopped smoking, lost weight and reduced your BMI, or reduced your alcohol intake, this could impact life insurance premiums.”