Veggies Take Life Insurance carrot

Summary
An interesting new insurance product has been launched by Animal Friends Insurance (AFI). The insurance plan offers cheaper premiums to vegetarians, based on evidence that they are at a lower risk than their meat-eating counterparts of developing certain health conditions. It remains to be seen whether other insurance firms will follow the new policy marketed by Animal Friends Insurance .

A no-profit insurance business has marketed an insurance policy which offers fish-eaters and vegetarians a reduced cost critical illness .

The deal, thought to be the 1st of its kind, is being pioneered by Animal Friends Insurance (AFI). The organisation is offering vegetarians a 6 per cent discounton life assurance premiums
The organisation claimed that vegetarians ought to pay less for the product, which pays out if the plan holder were to die, because they were more unlikely to suffer from a range of chronic diseases, including cancers.

Rebecca Puttey, a director at AFI, said that the risk of veggies being diagnosed with certain cancers is lowered by up to 42 per cent and the risk of them suffering from heart disease is cut by up to thirty two per cent, but despite this they have, until now, had to pay identical premiums as people who eat meat.
She says that AFI believe this is not fair and says the insurance companies should recognise the concept that being a veggie can create have a positive influence on life expectancy and lower its monthly charges accordingly.

A full-price arrangement is also on the market for non-vegetarians. Both insurance policies are brought to the market by LV=, which was known as Liverpool Victoria.

In common with normal life insurance policies, a range of things contribute to the cost of the premiums including whether the applicant smokes, their sex, weight and age.

At the moment, AFI is funding the 6 per cent cheaper premium itself from the fee it gets from LV=. In the future, however, the company’s objective was to offer lower premiums on specialist policies. In offering the deal the firm is hoping to sign up enough veggies to make it viable for LV= to underwrite yet another policy that takes the veggie diet into account.

Indeed there are welcome savings to be made, a 42-year-oldnon-smoker wanting