Does Vaping Increase Your Life Insurance Costs?

Your life insurance rates are dependent on a variety of personal factors.  For instance, your habits can influence your life insurance cost.  One bad habit that life insurers watch out for is e-cigarette usage.  But why does vaping increase your life insurance rates?  Here’s what you need to know.

E-cigarettes, or electronic cigarettes, are battery-operated devices that people use to inhale the aerosol.  Typically, the aerosol contains nicotine, flavorings, and other chemicals.  Many people rely on e-cigarettes to wean themselves off of traditional cigarettes and other tobacco products.

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 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.