Sainsbury's Bank believe that ex-smokers may be losing millions of pounds by not updating their policy providers after they have given up. According to the bank, around 7 million people have given up smoking, but only around a quarter of those have informed their life insurance company.
It is estimated that there are up to 2.2 million ex-smokers who may be wasting as much as £126 million or more every year because they have not reviewed their life insurance to show non-smoker status.
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