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In the eyes of many insurance companies, smoking is a serious health risk, making it harder for smokers to get coverage from an insurance company. But what about vaping? Is it possible for people who vape to get life insurance coverage? This guide should help you figure out how vaping could affect your chances of getting life insurance.

How Life Insurance Works for Smokers

There’s a reason why insurers are hesitant to allow smokers to take out a life insurance policy. The main reason being life insurance is a risk-based program. This just means the higher the risks of a person getting sick or dying, the less likely they’ll be allowed by insurance companies to take out a policy. It’s been established as a fact that smoking can have detrimental effects on your health, thereby increasing a person’s chances of dying young. While it’s not entirely impossible for smokers to get insurance, many insurers don’t allow it. If you happen to find an insurance company that will provide you coverage, you’ll be faced with higher premiums, making your insurance a lot more expensive than a non-smoking individual.

What Happens When You Give Up Smoking?

If you’ve been a smoker for a long time and you decide to quit, your overall health will begin to improve over time. In fact, some researchers have found that a smoker’s excess risk of a heart attack is reduced by half after only 12 months of being nicotine-free.

While quitting smoking is good, and all that doesn’t automatically make you a better candidate in the eyes of insurance companies. They’ll still consider you a smoker, for a while at least. Calculating your insurance premium will likely depend on when you last had nicotine. There are insurance providers that will reduce the premium after only 12 months of quitting, while other providers will still charge you higher premiums for up to five years after you stop smoking.

Is Vaping the Same as Smoking When it Comes to Life Insurance?

On the whole, yes. Most insurance providers will classify vaping as the same as smoking, even though they’re technically quite different. So, it’s still possible to invalidate your policy if you tick the ‘non-smoker’ box on your life insurance policy, and it turns out you’ve been using vapes and e-cigarettes.

The reason for such a classification is because insurance providers look at nicotine as nicotine. It doesn’t matter where and how you get it, it’s still a bad thing for them.

Why are Vapers Treated the Same as Smokers?

Despite all the research done on vaping, it’s still relatively new. In fact, Public Health England has even reported in 2018 that vaping could be 95% safer than smoking normal cigarettes. Even with that report, many experts still think that vaping hasn’t been around long enough yet to fully see the impacts of any long-term health effects.

Until that long-term research data is available, the perception of insurance providers on vapers and smokers will not change any time soon. Vaping is still viewed as a nicotine replacement, so it’s not exactly completely risk-free, which is what every insurance provider is looking at.

Conclusion

Until that long-term research data is available, the perception of insurance providers on vapers and smokers will not change any time soon. Vaping is still viewed as a nicotine replacement, so it’s not exactly completely risk-free, which is what every insurance provider is looking at.

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