February 2, 2018

Vaping

Does Vaping count as being a smoker when it comes to Life Insurance?

Are you an e-cigarette user or do you vape? Have you ever wondered if life insurance or critical illness premiums are cheaper for people who now only use e-cigarettes or vape?

For most insurers, a non-smoker is someone who hasn’t used tobacco, or nicotine replacement products in the last 12 months.

The good news is there is one UK insurer who is currently offering reduced premiums to people who use e-cigarettes or who vape.

This means you might be able to save money if you currently have a life insurance policy which you arranged on ‘smoker’s rates’.

How can I find out the cost?

Get a quote on-line. You will be asked some health and life style questions, which will take about 5 – 10 minutes. If you like the premium (and we think you will) – you can start your cover instantly!

If you’re not sure what cover you need – call one of our friendly advisers – Freephone 0800 644 4468 

Our office hours are: Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Case study:

Here is a recent case study where we helped an existing client of ours make huge savings on his life insurance policy.

We have been speaking to a 41 year old gentleman who has been looking for life insurance to protect his mortgage.

He required £250,000 of cover over a 27 year term. He does not smoke cigarettes but has been vaping since about 2013.

Most companies would still count our client as a smoker and charge approximately £42.45 per month.

However there is now one insurance company which will offer non-smokers rates to those who have not smoked tobacco products in over 12 months, even if they are still using nicotine replacement products.

As the premium was over a third cheaper than it would be on normal smokers rates, the client was happy to apply.

He was able to obtain a level term assurance of £250,000 over a 27 year term for only £27.48 per month, saving himself over £4,800 over the term of the policy.

Next steps:

Get a quote on-line. You will be asked some health and life style questions, which will take about 5 – 10 minutes. If you like the premium (and we think you will) – you can start your cover instantly!

If you’re not sure what cover you need – call one of our friendly advisers – Freephone 0800 644 4468 

Our office hours are: Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

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Please feel free to read our Independent client reviews, or read about the team at Future Proof.

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Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.