Tobacco company Philip Morris starts life insurance firm that offers discounts to smokers who quit

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.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

E-cig company Juul is considering creating a digital health tool for smokers who want to quitIn addition to its e-cigs, Juul could offer smokers an app or similar tool that they could use for support while they try to cut back on smoking.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

Twin sisters started cigar company with only $500 investment — and now they're shipping nationwideThese twin sisters started their own brand of cigars, Tres Lindas Cubanas. Even as the only Afro-Cuban women in a room full of men, they now ship their blends to all 50 states. $500 is a lot of money in Cuba.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

Torrent of job offers, bigger salaries offer more proof U.S. labor market is still red-hotJust because the U.S. economy has slowed doesn’t mean companies have stopped hiring or people have given up looking for work. Far from it — the jobs market...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »