How E-Cigarettes Affect Life Insurance Rates

Does Electronic Cigarette Smoking Impact My Life Insurance Coverage?

Electronic cigarettes, commonly known as e-cigs, are one of the fastest-growing trends in the tobacco industry. While most e-cigarettes contain addictive nicotine and carcinogens, they are generally considered “safer” than cigarettes because they do not contain tobacco. Although they are booming on the market, there is little research behind them. Due to the lack of scientific proof that they are safer, the life insurance industry is hesitant to view e-cigs are less harmful. As a result, e-cigs could impact your life insurance on Long Island, NY.

Life insurance agents will look at your health and habits when you apply for life insurance coverage. You will be placed in a category based on your risk factors. The category you’re placed into is called a Risk Class. Generally, there are two types of categories for risk classes: tobacco and non-tobacco. For tobacco smokers, their risk class (and premiums) will be higher than that of non-tobacco smokers. Even though most insurance companies agree that vaping is less harmful than smoking, it’s worse than not smoking at all.

If you have been relying on e-cigarettes to quit smoking and no longer smoke cigarettes, you should disclose this in your application. If no traces of nicotine show up in your urine sample, there is a chance that you would qualify for non-smoker life insurance rates. It’s never a good idea to lie on your life insurance policy. If the insurer finds out you lied, the company could either lower the death benefit your beneficiaries receive or deny the claim altogether.

Even if you use electronic cigarettes, protecting your family with a life insurance policy is an important part of any financial plan. Are you ready to find the right life insurance for your needs? Talk to the professionals at Premier Risk Insurance to find out how you can acquire affordable coverage. We serve Long Island and surrounding cities in New York, and we look forward to hearing from you today.