New Reduced Insurer Rates for Nicotine Replacement

New Reduced Insurer Rates for Nicotine Replacement

When nicotine replacement products first arrived in Ireland life insurance companies had to make a decision, do they charge Nicotine Replacement users full smokers rates which are much more expensive than those charged to non-smokers? and for a time many insurance providers were offering non-smoker rates once you were also tobacco-free for 12 consecutive months.

Last of the Non-Smoker Rates

However, all this changed in 2018 with all Irish operating life insurance companies classing e-cigarette and nicotine replacement users as smokers. Aviva being the last insurer to change their definition where they were previously offering non-smoker rates.

Reduced Insurer Rates – end 20th August 2019 can now get nicotine replacement users special discounted insurance rates (not non-smoker rates but halfway between), with these reduced premium rates available across: mortgage protection, life insurance, and serious illness cover.

To avail of these specially reduced rates, you must be tobacco-free for a minimum of 12 months and either vaping or using he nicotine patches or nicotine gum. You must also complete and return your application in advance of the deadline of 20th August 2019!

Achieving Non-Smoker Rates

To get full Non-smoker rates, you must also be off e-cigarettes and nicotine replacement products for a further 12 months.

Discounts for All

No matter which smoking category you fall into also offers up to 20% online discounts to all applications. So, even if you’ve yet to reach 12 months off the cigs, everyone can still make huge insurance saving through our discounted online broker rates!

I recommend giving me a call on: 01 845 0049, so as I can talk you through the process.

Ken O’Gorman  QFA | Smart Financial Protection

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