Philip Morris International, the tobacco company that sells Marlboro cigarettes, is getting into the life insurance business.
On average, people who switch to e-cigarettes will receive a 2.5% discount on premiums, people who switch to Philip Morris' heated tobacco product iQOS for three months will receive a 25% discount, and people who quit smoking for at least a year will receive a 50% discount, the company said. Premiums for a 20-year-old nonsmoker run about $6.47 for a life insurance policy that pays $194,125 . The same premium would buy a $77,650 policy for a 40-year-old nonsmoker.
E-cigarettes are incredibly popular in the U.K., thanks in part of the country's public health agency embracing the products as a less harmful alternative and encouraging people to switch. Offering people bigger life insurance discounts for switching to iQOS may push more people to try it.
Talk about being a lightning rod for the left! Tobacco and health insurance. Liz Warren hates you.
Ah! The irony
Isn't a bit to late
It's nice to see a corporation who cares.
AnandWrites
They sold death for many years and with that money they funded a health insurance company... They are now receiving money from one end or the other.
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