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Tobacco use kills millions and drives up life insurance costs

Posted On Wed, August 26, 2009

The World Lung Foundation and American Cancer Society have produced a report called the Tobacco Atlas which warns against the dangers of smoking - a habit that kills millions and drives up life insurance costs for many consumers.

According to the report, up to 6 million people around the world will be killed each year by tobacco use, and many of these people will fall ill or die during their most productive years. With that in mind, the combined economic drain around the world from these deaths will amount to about $500 billion.

About one-third of the total tobacco-related deaths will be from cancer, according to the report.
"By utilizing this information to develop public health strategies to reduce tobacco use and help people stay well, we will save millions of lives," said John R. Seffrin, CEO of the American Cancer Society.

A Reuters report cites other details from the report, including a projection that up to 8 million people a year will die from smoking by 2020, and that tobacco use can reduce a country's gross domestic product as much as 3.6 percent.

Overall, smokers can generally expect to pay higher premiums on their life insurance policies. With that in mind, there are more reasons than ever to consider quitting.

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