On the whole, yes. Most insurance providers will class vaping as the same as smoking. So, you could still invalidate your policy if you tick the ‘non-smoker’ box on your life insurance policy and it turns out you’ve been using e-cigarettes.
Full Answer
Is vaping the same as smoking when it comes to insurance?
Even if you’re using vaping as a smoking cessation tool, it won’t lead to a lower rate. Insurers “tend to view quitting smoking in the same way they view pregnancy. If you’re pregnant, you’re pregnant. If you smoke, you smoke,” Campbell says. “If you want a non-smoker rate, come back when we can verify you’ve been free from nicotine for one full year.”
Can you get life insurance if you vape?
Dec 06, 2021 · If you use e-cigarettes and vape, you probably know first-hand the difficulties surrounding life insurance coverage. As would be expected, one of the greatest misconceptions about vaping and life insurance is the rate class you can be approved for. More and more research suggests the negative health impacts of vaping, prompting life insurance companies …
Do health insurers consider you to be a smoker?
Apr 23, 2019 · However, while the majority of insurance carriers consider vaping no different than smoking, a life insurance agent who is well-versed in underwriting guidelines will know there’s at least one major life insurance company that offers “Non-Smoker” rates for unlimited vaping, cigar use, or chewing tobacco as long as no cigarettes have been smoked in the last 12 months.
Are vaping inhalers considered tobacco products?
Nov 30, 2021 · Because there is relatively little research on vaping and its effects, a typical insurance provider may be reluctant to give non-smoker rates to applicants who vape. The only exception to this rule is when applicants use vaping liquids with 0% nicotine content. Vaping THC Oil
How vaping affects life insurance
Frank Campbell, a chartered life underwriter and licensed life & disability analyst with more than 30 years of industry experience, says most, if not all, life insurance carriers treat vaping the same as smoking.
What if I'm using vaping to stop smoking?
Even if you're using vaping as a smoking cessation tool, it won't lead to a lower rate.
Lying on your life insurance application
Even though vaping can lead to higher insurance rates, it's best to be completely honest when applying for life insurance.
Your life insurance options if you vape
Life insurance can be an important financial tool for families. Though your health history will affect your chances of approval and what kind of coverage for which you may qualify, it never hurts to apply.
How to prepare for a blood test?
Prepare ahead of time for your blood test, and take your physical seriously. Admit to your examiner you use an e-cigarette before commencing the exam. Do not lie, either directly or by omission, during the underwriting process (including the exam).
Is e-cigarette a tobacco product?
However, in 2016, the FDA determined that e-cigarettes, or Electronic Nicotine Delivery Systems (ENDS), are considered tobacco products and subject to federal regulation. This is why so many vapers experience smoker rates when it comes to life insurance coverage. Nonetheless, this is great news for e-cigarette users, ...
Is smoking a risk for insurance?
Most insurance companies would consider this drop in longevity not only a significant risk, but also a huge liability concern. Most carriers also recognize that smoking is one of the most popular substance addictions (and therefore one of the most difficult habits to quit).
What is Hannover RE?
Reinsurance company, Hannover RE, cautioned life insurance issuers about providing coverage to young vape users. It urged its clients to charge vapers under the age of 25 much higher prices than the non-smoker life insurance rate.
Is vaping safer than smoking?
Since the launch of vaping products , most insurance companies refused to see vaping any safer than smoking. Most insurers charge the same rate for enrollees who smoke, vape, or dip (chew tobacco). This rate is usually double that for the price of non smoker life insurance.
How much does Policygenius save?
Policygenius saves you up to 40% by comparing the top-rated insurers in one place. Get Started. While you’ll probably pay more for life insurance if you vape, it’s partially because life insurance providers have limited information with which to assess the riskiness of your habit.
Who is Amanda Shih?
Amanda Shih is an editor and licensed Life, Health, and Disability agent at Policygenius in New York City, specializing in life insurance cost and types of life insurance.
Who is Patrick Hanzel?
Patrick Hanzel is a CERTIFIED FINANCIAL PLANNER™ and Advanced Planning Team Lead at Policygenius. He has eight years of insurance and financial industry experience and previously worked at Northwestern Mutual as an advisor and associate.
Do smokers pay more for life insurance?
Smokers pay two to four times more for life insurance than non-smokers. Some insurers may consider non-smoker premiums if your vaping is nicotine- and cannabis-free. Concealing a vaping habit can cause an insurer to deny coverage or cancel your policy.
Can you get life insurance for vaping?
Yes. Most life insurance providers treat e-cigarette users like smokers, so you’ll be given a costlier smoker health rating unless you quit vaping for 12 months or more or don’t use your vape for nicotine products.
Is vaping better than smoking cigarettes?
While some argue vaping is healthier than smoking cigarettes , there are still harmful chemicals in your device that can have negative side effects for your health — the metal used in the coil or the chemicals in the juice, for example.
Is vaping considered life insurance?
Life insurance for vapers. Most providers consider vaping the same as smoking for life insurance purposes, with a couple of exceptions. We broke down how vaping affects your premiums.
How long do you have to be a non smoker to be insured?
If you have not used any tobacco products, nicotine replacement products or e-cigarettes for 12 months, then you are considered as a non-smoker for most insurers. Be completely honest.
How many people use e-cigarettes in the UK?
According to Action on Smoking and Health (ASH) there are more than 3.2 million people in the UK now using e-cigarettes (e-cigs), up from around 700,000 in 2012. Vaping continues to be a popular choice for those that are trying to quit tobacco products but the dangers and long term effects are still unknown.
How to check if you have life insurance?
Life insurance if you smoke or vape - Summary 1 Vaping is considered the same as smoking for most insurers (but not all) 2 Insurers can test to see if you have any nicotine in your system by asking you to take a cotinine test 3 If you have not used any tobacco products, nicotine replacement products or e-cigarettes for 12 months, then you are considered as a non-smoker for most insurers 4 Be completely honest. If you are unsure, tell your insurer or insurance broker everything and they will be able to tell you whether you should be treated as a smoker or not. 5 If you are unhappy with the quote you can decline the offer and apply elsewhere 6 Get a quote from Reviti*, an insurance company that specialises in covering smokers and those who vape 7 Alternatively, seek advice from an independent specialist. We have vetted a specialist that has extensive knowledge in this area and they will be able to find the best insurance company for you at the very best price. If you take out a policy with them you will qualify for up to £100 cashback. They can be contacted via this form*.
What does it mean when a link has a * beside it?
If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use.
How long does cotinine stay in your system?
Cotinine will usually remain in your system for around 10 days but could be detected for far longer, depending on how you ingested the nicotine. Electronic cigarettes will often show up on a cotinine test, especially if they are nicotine-based.
Can you lie about smoking on life insurance?
A life insurance company will usually ask whether you have smoked any tobacco products, used an e-cigarette or used any nicotine replacement products in the last 12 months. You need to think hard and be completely honest.
Do life insurance companies pay for e-cigarettes?
There are however a couple of insurance companies that are more lenient and so will offer lower premiums for those that smoke e-cigarettes.
