Cheaper insurance for vegetarians
UK’s Animal Friends Insurance (AFI) offers cheaper life insurance premiums to vegetarians. The insurer is offering this discount based on the assumption that vegetarians are a lot less likely to suffer from a variety of illnesses. The company estimates that “the risk of vegetarians suffering from cancers is reduced by up to 40% and from heart disease by up to 30%”.
If you don’t eat meat, then you could expect to save approximately 10% on your Life Insurance premiums for the entire life of your policy! For example a 30-year-old female non-smoker Non-Meat Eater could pay just over £5 a month for £100,000 worth of cover over 25 years!
By introducing this policy AFI plans to remove the unfairness in the insurance industry when only non-smokers get to pay cheaper premiums whereas vegetarians are not being rewarded in the same way for their healthier lifestyle.
Although there’s no medical test that would confirm that you’re a strict vegetarian, the insurer is confident that meat eaters will not take advantage of this.
AFI is a non-profit insurance company that donates net profits from it’s business to animal charities worldwide.