Why life insurers charge more if you smoke e-cigarettes.
If you engage in risky habits, life insurers tend to charge you more for coverage. One habit that life insurers consider risky is smoking e-cigarettes. If you vape, then you will likely pay more for life insurance than non-smokers. But why is this the case? Here’s what you need to know.
- How do e-cigarettes affect your body?
Vaping (the more colloquial term for smoking e-cigarettes) is generally considered less harmful than smoking traditional cigarettes. However, this does not mean that e-cigarettes are safe. Any time you inhale chemicals into your lungs, you are putting your health at risk. For instance, vaping can have a negative effect on your cardiovascular and respiratory systems. To make matters worse, e-cigarettes still contain nicotine, which means that they have an addictive quality that makes it difficult to stop using them. While there is a current lack of scientific evidence regarding the long-term effects of vaping on your health, medical professionals and insurance providers alike consider e-cigarette usage a health hazard.
- How does e-cigarette use affect your life insurance cost?
Individuals who smoke traditional cigarettes typically have life insurance rates that are 2 to 5 times higher than non-smokers. Because there is a lack of research regarding the impact of vaping on your health, most insurance companies lump e-cigarette users in the same risk classification as traditional smokers. As a result, E-cigarette users typically experience the same life insurance rates as traditional smokers. While many users argue that this classification is unfair and that they are using e-cigarettes to curb their use of regular cigarettes, it is important to remember that any type of smoke inhalation is damaging to the body. While e-cigarettes may be a safer alternative to regular cigarettes, they still can still contain over 6,000 potentially hazardous chemicals. Naturally, life insurance providers are aware of the dangers associated with vaping, and they factor in this risk when calculating your coverage costs.
Here’s why vaping increases your life insurance rates. Do you have additional questions regarding your life insurance? If so, then contact the experts at Udell Family Insurance. Our dedicated team is eager to assist you with all your life insurance needs today.