Life Insurance Advice for Vapers
Life insurance and vaping is taken very seriously as technically you are still considered a smoker. If you were to lie and say you weren’t a smoker, you would only be misrepresenting yourself. Vape products still contain nicotine, and therefore still a threat to your health.
In the eyes of an insurance provider, nicotine is still nicotine. Nicotine is an addictive substance, absorbed through the lungs (or chewed), reaching the brain in about 7 seconds. It acts as a stimulant, acting upon receptors within the brain. This results in increased heart rate, a sense of relaxation and possible euphoria.
As it is known for its use in cigarettes, it is now used in the up and coming e-cigarettes, also known as vaping. Vaping itself is defined as the action of inhaling and exhaling a vapour type substance, produced through an electronic cigarette. The purpose of vaping is used as a method of giving up smoking. Cartridges of liquid are used inside the e-cigarette, which contains nicotine. The nicotine dosage is supposedly decreased over time, to help former smokers cut down the habit.
When applying for any sort of life insurance, it is crucial you are honest about your health. If a pathology report is to come back not in line with what you have declared, you may be at risk of not receiving a pay-out.
Why are vapers still penalised?
Even though it’s a step in the right direction that you have chosen vaping over smoking, unfortunately, you are still considered a smoker to insurers. Vaping is seen merely as a form of tobacco replacement. Especially as vaping is a relatively new concept, there are still no long health term implications at current.
Under the law, vaping is considered smoking in the sense of not being allowed to smoke in a public inside place or on an aircraft. It is still governed under the same law as smoking, and it has to be considered on insurance policies. The realistic sense of it is that you will be likely to pay a smoker’s insurance fee.
According to Money Supermarket smokers will pay up to 65% more which is typically £16 extra a month. So, you may have wondered if vaping affect your premiums, and the answer is yes.
Even though you haven’t initially smoked an actual cigarette in years, the health implications can still be present. This is why it is important, to be honest with your smoking history, from how many you smoked a day and for how many years. The long-term effects of smoking are completely relevant in an application, regardless of how long you have been vaping.
An example of this is, is death due to an illness prompted by your smoking history. Even if you are vaping a 0% product, your health risks may still be present if you smoked 30 a day for 25 years.
When am I considered a non-smoker?
This can be a grey area for some as if you’ve smoked a tobacco/nicotine-based product in the last year, even if only several times, you are a smoker. As far as insurance is concerned, anything under 365 days is classing you as a smoker.
Some policies can be as strict as being smoke-free for 2 years, but the majority will consider 1 year as smoke-free. Regardless of this, your smoking history should always be disclosed as failure to do so can result in reduced or declined payments. If you don’t disclose that you vape, the insurance company can link other medical health conditions to this and increase your premium or deny your claim.
Example of costs
You may be wondering what the exact costs are for an ex-smoker. If you are fortunate enough to find a provider that has vape policies, your outcome could be as followed (bearing in mind the smoker rates could still be applicable for you as a vaper):
Based on £100,000 cover for 10-15 years.
- 30 years old, given up 2 years ago, vapes
- 40 years old, 2 years smoke-free, vapes
- 50 years old, 5 years smoke-free, vapes.
Smoker price: £9.26 £16.37 £36.08
Non-smoker price: £6.00 £8.68 £15.69
Vaper price: £6.54 £9.72 £20.94
This is only an average; other lifestyle factors would come into play.
What are my options?
Some insurance applications may only have the option of yes/ no to a smoking question, whereas some can go into more detail, which could work in your favour as a vaper. You will be able to give more details about your habit, especially if you’re on a 0% nicotine cartridge.
You will be required to give your full smoking history, and some companies may request tests such as urine, blood or saliva to prove you are nicotine-free. It is still important to declare you are using a 0% cartridge, as it still shows you are using a smoking replacement habit.
With this in mind, there are life insurance policies out there purely dedicated to smokers and vapers. These policies can be designed to fit your exact needs if you’re concerned about what a generic policy has to offer.
As said before, you should prepare yourself for higher premiums. Just because you vape, doesn’t mean you’ll necessarily be completely penalised in the long run. It’s inevitable that you’ll pay slightly higher costs or run into certain conditions, but it doesn’t mean you can’t get a structured plan that suits your needs.
By talking to an advisor, you can be sure the support you need will be provided to find the right policy for you. You can still have peace of mind when wanting to look after your loved ones, come smoker or vaper.
Can you die from vaping?
Vaping is less harmful than smoking itself however, like anything, it comes with its side effects. If you are still using a high percentage of nicotine in your e-cigarette, your risk of illness is still relatively high. It’s always advised to look into what substances are in your liquid, to make sure you know what you’re putting into your body.
As vaping is still a new concept, the long-term effects are still unknown. It has been a great transition for people to give up smoking and reduces their tobacco and nicotine intake.
Is vaping addictive?
As the vape cartridges contain nicotine, then yes vaping is addictive in this sense. Nicotine is a highly addictive substance.
Even when users drop down to 0% nicotine, they still continue to vape as the habit itself is addictive. Ex-smokers find they still need some sort of hand movement to occur, to fulfil the lack of cigarette use.