How E-Cigarettes Affect Life Insurance Rates

  • Last updated Aug 29, 2018 at 7:33PM | Published on Aug 22, 2018
  • Richard Reich
life insurance and e-cigarettes

Finding life insurance policies can be difficult if you have pre-existing health conditions or if you are a smoker.

Even those who occasionally smoke or use e-cigarettes can regularly experience 2 to 5 times higher life insurance rates than non-smokers. Thankfully, there are life insurance companies that provide affordable life insurance rates for e-cig smokers and vapers.

Before we dive into the details of life insurance rates for e-cig smokers and where to find the best rates, let’s some time to answer some frequently asked questions about life insurance for smokers.

What are E-cigarettes?

Getting into electronic cigarettes is a popular habit today especially for people who want to reduce their reliance upon cigarette smoking. Roughly 10% of the population uses electronic cigarettes today.

What Are the Effects of E-cigarettes in the Body?

Vaping, or smoking electronic cigarettes, has generally been shown to pose less of a health hazard than smoking traditional tobacco cigarettes.

Is vaping bad for your cardio?

Vaping is less harmful than smoking, but it does have a mild amount of nicotine in some cases. So, if you are vaping with nicotine, then your cardiovascular performance could suffer. 

Even vaping without nicotine can affect your cardiovascular performance, as it is inhaling vapor into your lungs that simply does not belong there.

What can e-cigs do to your lungs?

Currently, due to the lack of scientific studies on e-cigs and vaping, there is no evidence to substantiate vaping causes any health problems with your lungs. 

However, common sense would dictate that inhaling any form of smoke or vapor into your lungs over an extended period of time cannot be good for your lungs or respiratory health.

As a result, e-cigs and vaporizers are still considered to be a form of smoking in the eyes of life insurance companies.

Can vaping affect your heart?

There is also no scientific evidence that it hurts your heart either. However, common sense would also dictate that any inhalation of something other than oxygen over an extended period of time will affect your red blood cell levels and the oxygenation of your blood, which can put a strain on your heart over time.

Life insurance companies are not exactly the type to take unnecessary risks. As a result, this potential for heart problems as a result of smoking e-cigs and vaporizers regularly is factored into life insurance rates for e-cig smokers and vapers.

Do electronic cigarettes raise your blood pressure?

There is also currently no evidence that the use of electronic cigarettes will raise your blood pressure. However, once again, common sense and a quick look at the effects of smoking cigarettes on your blood pressure will quickly provide you with an accurate guestimate of how electronic cigarettes affect blood pressure.

Again, this is factored into risk classifications life insurance rates for e-cig smokers.

How Life Insurance Company View E-cigarette Smokers

Life insurance companies are starting to offer better ratings and lower premiums for people who use e-cigarettes compared to those who smoke traditional cigarettes.

Some life insurance companies will even place people under a non-smoking category if they only use electronic cigarettes. There are a handful that have made the switch and are offering customers lower “non-smoking” rates for their premiums if they use e-cigarettes, and many who offer smokers more favorable options altogether, but some companies still have rather strict underwriting policies.

E-cigarettes vs. Tobacco

When you use electronic cigarettes, you are inhaling vapor which is produced by heating liquids rather than inhaling smoke from burning tobacco.

While there are arguments that e-cigarettes and vapes are safe alternatives to smoking cigarettes, this claim has little to no backing due to lack of scientific research.

Because of the lack of research on vapes and e-cigs, most life insurance companies are still considering people smoking these new devices to be in the same risk classification as cigarette smokers.

While this may seem unfair because many people start smoking e-cigs and vapes in order to quit smoking cigarettes, it is important to remember that any type of smoke inhalation is damaging to the body.

Not to mention, many vapes and e-cig liquids contain equal or higher levels of nicotine as cigarettes. Even those with less or no nicotine content are still considered to be dangerous to health.

This makes sense when you consider that e-cigs and vape juice flavorings have been known to contain over 6,000 chemicals.  Not to mention, this type of smoking involves superheating condensed vapors in the form of liquids with a viscosity similar to syrup using lead coils.

Lead is known to be linked to cancer and other diseases. On top of this, once this liquid turns to vapor in its excited state, naturally, it wants to expand. Once it has expanded, it cools and condenses back into liquid form in your lungs.

While this has not been directly correlated to any specific health condition yet due to lack of research, it has been postulated by many doctors and respected physicians that vaping and e-cig usage can cause popcorn lung and chronic bronchitis.

While smoking e-cigarettes may be a somewhat safer alternative to smoking cigarettes, it is by no means safe or harmless, and life insurance companies are very aware of this.

Is vaping healthier than cigarettes?

Cigarette smoke typically contains 69 carcinogenic compounds. The juices that are found in electronic cigarettes contain just five (as far as we know now). 

However, on average, the nicotine content of vapes are considerably higher than that of cigarettes. For instance, one cigarette contains about 9mg of nicotine, while one teaspoon of vape juice contains about 12mg.

There is, of course, the choice for vapers to decide exactly how much nicotine is contained in their juices.  With levels ranging from 0mg of nicotine to 200mg in the typical 30mL to 60mL in e-liquids used for vaping.

Overall, vaping may be slightly healthier than smoking, but this has yet to be scientifically proven, and as a result, life insurance companies still classify vape smokers in the same risk class as cigarette smokers.

If e-cigarettes are used as a substitute for tobacco, do you qualify for non-smoker insurance rates?

In some cases, yes. Americo Life Insurance, for example, has their “Quit smoking” advantage whereby smokers are given the “non-smoker” rates for the first three years of their policy.

If, after 3 years, you have quit smoking, then you can continue paying the premiums at the start of the policy. If you have not quit smoking, you have the choice to keep the same amount of coverage but just pay more, or pay the same monthly premium and have your coverage decreased.  

Most life insurance companies are sympathetic towards smokers who are trying to quit, and they offer lower life insurance rates to those who do. However, these lower rates are not usually available for smokers who have already applied for life insurance, until they have not smoked for 12 months or more (depending on the company).

Once you have quit for more than a year, with most life insurance companies, you can retake the medical examination in order to reclassify in a better health class.

Typically, this allows smokers who have quit to obtain life insurance rates that are within 10% or closer to non-smokers in the preferred health class, barring any other health complications.

Life Insurance Rates for E-cigarette Smokers vs. Non-Smokers

If you look at the two tables below you will see the price comparison for smokers versus non-smokers, which clearly indicates which of these policies are more financially favorable.

Non-Smokers

The life insurance rates below display monthly premiums for non-smokers in the preferred health class.

Age Policy Type $100,000 Male $100,000 Female $500,000 Male $500,000 Female $1,000,000 Male $1,000,000 Female
25 10 Year Term $7 $6 $13 $12 $21 $18
25 20 Year Term $9 $8 $19 $16 $33 $27
25 30 Year Term $12 $11 $31 $24 $52 $42
25 Whole Life $72 $64 $152 $128 $264 $216
30 10 Year Term $7 $6 $13 $12 $20 $18
30 20 Year Term $9 $8 $20 $17 $34 $29
30 30 Year Term $13 $11 $34 $28 $60 $50
30 Whole Life $72 $64 $160 $136 $272 $232
35 10 Year Term $7 $7 $14 $13 $22 $20
35 20 Year Term $9 $8 $22 $19 $39 $33
35 30 Year Term $14 $12 $39 $33 $70 $59
35 Whole Life $72 $64 $176 $152 $312 $264
40 10 Year Term $8 $8 $19 $17 $30 $28
40 20 Year Term $11 $10 $31 $27 $58 $47
40 30 Year Term $19 $16 $58 $45 $108 $85
40 Whole Life $88 $80 $248 $216 $464 $376
45 10 Year Term $11 $10 $30 $26 $50 $44
45 20 Year Term $17 $14 $52 $41 $95 $75
45 30 Year Term $26 $21 $89 $68 $171 $130
45 Whole Life $136 $112 $416 $328 $760 $600
50 10 Year Term $15 $13 $46 $37 $83 $67
50 20 Year Term $24 $19 $82 $61 $155 $112
50 30 Year Term $41 $31 $140 $107 $270 $206
50 Whole Life $209 $165 $682 $484 $1,287 $902
55 10 Year Term $20 $18 $76 $55 $141 $101
55 20 Year Term $36 $27 $133 $97 $255 $181
55 30 Year Term $73 $57 $271 $194 $534 $381
55 Whole Life $297 $231 $1,089 $715 $2057 $1,331
60 10 Year Term $32 $25 $122 $83 $226 $151
60 20 Year Term $60 $41 $235 $158 $456 $304
60 Whole Life $384 $300 $1,464 $996 $2712 $1,812
65 10 Year Term $57 $37 $220 $136 $409 $254
65 20 Year Term $108 $72 $457 $298 $865 $556
70 10 Year Term $96 $63 $373 $241 $705 $445
70 20 Year Term $207 $172 $848 $682 $1,694 $1,363
75 10 Year Term $161 $112 $675 $460 $1,259 $885
75 20 Year Term $280 $215 $1,254 $871 $2,487 $1,659

Smokers

The life insurance rates below display monthly premiums for smokers who are otherwise in excellent health.

Age Policy Type $100,000 Male $100,000 Female $500,000 Male $500,000 Female $1,000,000 Male $1,000,000 Female
25 10 Year Term $17 $15 $50 $38 $85 $67
25 20 Year Term $19 $15 $66 $54 $125 $98
25 30 Year Term $26 $19 $97 $67 $187 $127
25 Whole Life $152 $120 $528 $432 $1,000 $784
30 10 Year Term $17 $15 $52 $40 $86 $72
30 20 Year Term $20 $17 $72 $58 $136 $104
30 30 Year Term $29 $22 $115 $85 $218 $160
30 Whole Life $160 $136 $576 $464 $1,088 $832
35 10 Year Term $20 $18 $56 $46 $98 $82
35 20 Year Term $26 $22 $88 $73 $170 $130
35 30 Year Term $35 $28 $145 $104 $275 $202
35 Whole Life $208 $176 $704 $584 $1,360 $1,040
40 10 Year Term $26 $23 $81 $65 $146 $119
40 20 Year Term $37 $33 $133 $105 $249 $201
40 30 Year Term $52 $41 $216 $156 $425 $299
40 Whole Life $296 $264 $1,064 $840 $1,992 $1,608
45 10 Year Term $34 $30 $132 $99 $240 $181
45 20 Year Term $53 $44 $209 $163 $407 $312
45 30 Year Term $84 $62 $347 $249 $687 $482
45 Whole Life $424 $352 $1,672 $1,304 $3,256 $2,496
50 10 Year Term $50 $41 $198 $149 $355 $274
50 20 Year Term $80 $62 $327 $239 $622 $459
50 30 Year Term $116 $94 $530 $398 $1,050 $775
50 Whole Life $660 $550 $2,783 $2,156 $5,269 $4,059
55 10 Year Term $75 $58 $309 $212 $536 $398
55 20 Year Term $122 $90 $514 $363 $1,001 $698
55 30 Year Term N/A N/A N/A N/A N/A N/A
55 Whole Life $1,023 $770 $4,213 $3223 $8,261 $6,061
60 10 Year Term $118 $85 $477 $326 $854 $612
60 20 Year Term $174 $135 $767 $547 $1,451 $1,085
60 Whole Life $1,416 $1,020 $5,724 $3,912 $10,248 $7,344
65 10 Year Term $173 $130 $762 $491 $1,426 $945
65 20 Year Term $324 $259 $1,302 $1,033 $2,485 $1,969
70 10 Year Term $286 $186 $1,167 $725 $2,327 $1,414
70 20 Year Term N/A N/A N/A N/A N/A N/A
75 10 Year Term $475 $312 $1,958 $1,186 $3,681 $2,312
75 20 Year Term N/A N/A N/A N/A N/A N/A
80 10 Year Term $979 $711 $4,724 $3,262 $9,035 $6,475
80 20 Year Term N/A N/A N/A N/A N/A N/A

Guaranteed Issue Life Insurance Rates for Smokers

For smokers who may not be able to find affordable life insurance coverage with traditional term and permanent life insurance policies, guaranteed issue life insurance may be the best option.

Guaranteed issue life insurance is guaranteed to be issued, as the name implies. This means that regardless of the applicant’s health, they can obtain coverage with no medical examination or medical questions necessary. These types of policies are permanent – they offer life insurance for life.

This type of life insurance is provided in small face amounts, which are usually below $50,000, with a few companies such as United Home Life offering guaranteed issue life insurance coverage up to $100,000.

Due to the inherent risk of people who apply for this type of policy, and the fact that payouts are inevitable, guaranteed issue policies have higher premiums per $1,000 of coverage than traditional life insurance coverage.

However, smokers can easily find affordable guaranteed issue coverage fairly easily.

Guaranteed Issue Life Insurance Rates for E-cigarette Smokers

The table below displays guaranteed issue life insurance rates for smokers, on a monthly basis.

Age $5,000 Male $5,000 Female $10,000 Male $10,000 Female $25,000 Male $25,000 Female $40,000 Male $40,000 Female
45 $29 $25 $55 $47 $134 $112 $212 $177
50 $22 $17 $44 $34 $108 $84 $229 $189
55 $29 $20 $56 $39 $138 $96 $249 $216
60 $32 $23 $63 $45 $154 $109 $292 $256
65 $37 $28 $73 $54 $179 $133 $359 $312
70 $47 $36 $93 $70 $229 $173 $469 $399
75 $63 $48 $124 $95 $308 $236 $626 $546
80 $88 $68 $175 $135 $434 $334 $902 $752
85 $150 $103 $298 $204 $744 $507 N/A N/A

As you can see, these policies offer small amounts of life insurance coverage for smokers who may be in poor health, or who are living out their senior years.

Due to the high cost per $1,000 of insurance, guaranteed issue life insurance policies are typically only recommended for smokers who have health conditions that affect rates in a negative way, or for smokers who are too old to obtain affordable term life insurance coverage.

Finding the Best Life Insurance Coverage for E-cigarette Smokers

When it comes to finding the best life insurance rates, policies and companies for e-cigarette smokers, we recommend speaking with an expert.

The resources on the internet can be very helpful, but do not account for individual factors that can also affect your life insurance rates. In order to get rates that are tailored specifically to your needs, speaking with an expert is the best way to go.

Our independent life insurance agents work with dozens of the best life insurance companies on the market in order to help our clients find the best life insurance policy for them and their family.

Give us a call today in order to speak with an agent who can help explain all of your options to you and help answer any questions regarding life insurance for e-cigarette smokers you may have.

Or, get started online, using our life insurance quote tool for quick and easy life insurance rate comparisons for smokers.

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