Looking after your health is easier said than done primarily because most people make promises to themselves that they simply don’t keep.  

The thing is, it pays in the long-term to keep a check on your health, and with a little thought you could actually end up saving money, eating better and having a much more healthy and enjoyable lifestyle.

Beers after work?

It all adds up... to the waistband and to the bank.   Something that could urge you on the way to improving your lifestyle habits is thinking of the money you could save and the ‘healthier’ insurance premium you could purchase. The younger, healthier and more ill-free you are, the cheaper your insurance should be. You may be thinking that you are too young to be thinking about insurance but it really is advisable to take out some form of health insurance after entering full-time employment, which for most people is a year or two after University, so aged 21 or 22. Life insurance only really becomes a necessity once you have a family depending on you, which is usually some years after this.

Smokers will not be pleased to hear that their indulgence can actually cost them not just in terms of their health, but also in terms of the price of insurance premiums. Many insurance companies see this habit as a high-risk factor and are less willing to invest in smokers on the cheap, because the chance of requiring medical treatment is significantly higher than in non-smokers.

Life insurance companies may want to do an ‘MOT’ on your cholesterol, weight and blood pressure before working out the cost of your premium.  If all these more ‘high-risk’ factors are combined, it looks like you’ll be paying more than others.  In essence, it pays to be healthy: you live longer, have a better quality of life and you can take out a life insurance premium that doesn’t cost a fortune. Obviously, there is some generosity given to medical and health issues beyond your control but it really does pay to try and avoid the self-inflicted ailments.

Ultimately, it’s up to you whether or not you decide to invest in health and life insurance. Despite the benefits, many people still prefer to go without and just deal with health issues as they arise. The financial implications of this mean that you may be facing large bills that you will have to pay for on your own, without the financial backing of an insurance firm. For this reason it may make sense to open up a dedicated bank account, which you can add to and use for paying for treatments you may need. Santander offer a range of current accounts that might just fit this bill.

Finding the right life insurance is an important task. Speak to an Independent Financial Advisor at
Endsleigh Insurance and they will search the whole market to find the right policy to suit your lifestyle.

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