It is a fact that smoking is injurious to health. But, when we talk about life insurance, smoking and life insurance is a complicated story.
At your young age when you decide to buy your first life insurance policy, and if you are a smoker, buying life insurance will be costly. On the other hand, smokers are likely to double their premiums. This applies to all different kinds of life insurance including critical illness cover or income protection.
Prices are driven by statistics
In general, these prices are driven by statistics. Life insurance is surely going to be costly if you are a smoker as you are more likely to die when your life insurance policy is active. This is the reason why pension companies will provide you with more when you retire as the company expects to be paying it to you for fewer years than a nonsmoker.
Life insurance for e-cigarette users
What about electronic cigarettes? It has been the key that many heavy smokers have quit the real cigarette. A UK government study even showed that it is 95% less harmful than a regular cigarette.
Still, you will come across numerous life insurance companies that e-cigarette and normal cigarettes the same, your premium will double in both the cases.
You won’t benefit!
Ultimately and unfortunately, you will not get any benefit or lower quotes if you vape instead of smoking, the reason being, most e-cigarettes still contain nicotine and its presence in your system is sure to increase your premiums.
Our professionals can help!
If you smoke or vape and want to get life insurance, let our professionals understand the condition and they will help you to find the right life insurance policy. Consult our professionals for more details.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00