Obviously, quitting smoking is good for your health, but it can also be good for your finances.
After two years of not smoking, rates drop to $670 and $543.
A few other key findings and takeaways include:
Switching to a different nicotine product wont help.
Dont lie on your life insurance app.
Misleading your life insurer is considered fraud and can jeopardize your beneficiaries death benefit payment.
The company will re-evaluate your health and smoking status and might grant you a better, nonsmoking rate.
Theres no risk to you.
Even if youve developed other health problems in the meantime, your rate cannot be raised.
Life Insurance Savings from Quitting Smoking| NerdWallet
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