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Everybody knows that smoking can damage your health, and with the increasing cost of cigarettes, everyone knows it will also damage your wealth, but the financial cost when it comes to taking out life insurance may not be truly understood.

Over 2 months ago the smoking ban came into effect for all public places in Scotland, with similar plans for the rest of the UK, and along with the ban the sales of nicotine patches and gum have rocketed.

A standard life insurance policy through one of the high street insurers such as Barclays insurance reveals that smokers are liable to be paying almost twice as much as an identical non-smoker. For example, a 20 a day male smoker, aged 35 next birthday, taking out 100,000 cover for 20 years would have a premium, after tax relief, of about 7.55 a month. An identical smoker would be required to pay 13.39 per month for the same cover. Searching through most of the UK providers using a insurance comparison site like Moneynet also provides similar results. (more...)

The right health insurance plan can be beneficial for you and your family, and one can choose from an array of plans offered by various insurance companies. Choosing the best insurance plan is not easy, as most plans differ in their payment and services one needs. Although a single plan might not pay all the costs associated with your medical expenses, most plans provide insurance against common medical expenses.

Health insurance plans can either be indemnity or managed care, and differ in choice of providers, out-of-pocket costs for covered services and how the bills are paid. Although indemnity plans offer more choice of doctors, hospitals and other health care providers than managed care plans, the latter plans usually have agreements with certain doctors, hospitals and health care providers for services to members at reduced cost. Both plans have benefits, as a managed care plan has less paperwork and lower out-of-pocket expenses, while indemnity plans provide a broader choice of health care pr (more...)