More than 45 million Americans smoke, and many are trying to quit as a result of a number major anti-smoking campaigns that have launched during the past decade. Although the dangers of cigarettes have been public knowledge for some time now, people who quit could see more than just health benefits; they could also save money on life insurance.
Ex, a free online tool which aims to help people quit smoking, and Legacy, an organization trying to get teens to stop smoking, said people should make their New Year's resolution a pledge to quit smoking. The two companies said that 69 percent of smokers currently want to quit and more than 52 percent tried last year. The companies quote Timmy Piver, a man who has been smoking for more than 40 years, in his battle against cigarettes.
"After 44 years of smoking regularly, taxes and insurance rates made me realize that I had to quit, and on January 1st, 2010, I just did it," Piver said. "I had no idea how I was going to make it. By day 8, I was ready for a fight and I saw a commercial for BecomeAnEX.org and thought that might be just the place for it."
Research from Insurance.com said that those who quit smoking can put the money saved by not purchasing cigarettes towards a pretty nice life insurance policy.