National non-smoking day, 10 March, is fast approaching, but it is not all bad news for smokers, as the Annuity Bureau is keen to point out.
It is urging proven smokers to take advantage of providers still in the business of offering better annuity rate deals, on the basis of their statistically shorter lives. The objective is not to encourage people to take up smoking in order to obtain better rates, the Bureau stresses, but to inform such consumers they should be aware of the options. Research suggests fewer than 10% of those who could qualify are searching out such deals, the Bureau says. Because smokers die on average five years earlier than non-smokers, insurers are able to pay out higher rates – smokers being defi...
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