You probably know that life insurance companies aren’t a fan of cigarettes. You know about smoker’s rates and how expensive they can be, but how do e-cigs fit into the life insurance equation?
With the popularity of smoking cigarettes decreasing and the high rates for life insurance when smoking, many smokers are turning to tobacco alternatives, most prominently the e-cigarette.
These electronic cigarettes are intended to mimic the feel of smoking tobacco, but the user is actually smoking vapor. While society is moving forward, most life insurance companies have yet to recognize that e-cigarettes do not pose the same risks as tobacco cigarettes – except for one life insurance company.
This article will cover how you can get non-smoker rates when using an electronic cigarette (e-cigarette). Unfortunately, many e-cigarette users aren’t aware you can get non-smoker rates for life insurance. Non-smokers pay significantly lower rates for life insurance – usually 60 or 70% less than smokers. Let’s take a look at an example:
Smoker vs Non-Smoker Rates
A 40-year-old male of average health, let’s say 6’0 230 pounds applying for $250,000 can get a 20-year term a Standard Non Tobacco rates for $34 per month. By comparison, the same 40-year-old smoker would be over $90 a month for the same policy!
The larger the policy, the bigger the gap is going to be. The example above is only for a $250,000 plan – just imagine if you were shopping for a million dollar policy.
It’s important you find a company which offers non-smokers rates if you smoke e-cigarettes. E-cigs are new to the market. A lot of insurance companies don’t know how to rate these e-cig smokers.
According to a study completed by Munich American Reassurance Company, 9 in 10 insurance companies think electronic cigarettes should be considered “tobacco,” meaning 90% of carriers are going to lock you with smoker’s rates. The same study showed only 76% of insurance companies had a policy about these new electronic tobacco users.
What does this mean to you? The trick is to find the 10% who will save you money. How do you find that 1 in 10 companies? This is where we can be beneficial. As independent insurance agents, we can pinpoint the companies which are going to be more affordable.
Prudential Life Insurance for Electronic Cigarette Smokers
Many e-cigarette smokers are turning to insurance companies that offer more affordable rates. Prudential is one of those insurance companies. This is one of the only companies on the market which will not give you smoker rates if you have not used cigarettes for at least a year, and instead use e-cigarettes.
Prudential is extremely friendly to tobacco users of all kind. They offer non-smoker rates if you smoke a cigar, a pipe, chew tobacco, e-cigarette, and even for marijuana smokers. As long as you don’t smoke cigarettes, you can get non-smoker rates with Prudential.
It makes sense that so many e-cigarette smokers are turning to Prudential for their smokers life insurance needs. If you use e-cigarettes, you are living a healthier lifestyle than other smokers.
If you’re an e-cig user, we can’t recommend Prudential enough. As of right now, they are the leading edge when it comes to offering life insurance to people who use electronic cigarettes.
Not only will they give you non-smokers rates, but they also have great rates compared to other companies, and we recommend Prudential to a lot of customers who are not smokers.
They are not the only ones which give non-smokers rates, but they are at the top of our list. Feel free to head over to our Prudential review page and see more about the company.
Getting Cheaper Life Insurance
As more and more companies research the effects of vaping, you can expect life insurance companies to change their views. Some might take more liberal views, while others are going to become more strict. As of right now, the verdict is still out on how e-cigs are going to impact life insurance premiums.
If you’re worried about getting life insurance because of the cost, don’t worry anymore. In most cases, applicants are surprised to see how affordable life insurance can be. Let’s look at some of the ways to save money.
The medical exam will look at your weight, blood pressure, heart rate, and much more to determine what kind of shape you’re in. The better your health is, the less you’ll pay for your life insurance. The two best ways to improve your health are to start going to the gym and making healthier food options.
The second tip is to compare, compare, compare. You probably don’t want to spend all day calling companies to get quotes, but it’s one of the best things to do. Simply shopping around before you buy can play a huge role in how much you pay.
While two companies might offer the same kind of plan, the premiums will not be the same. One company will have more affordable rates, which means it’s vital you gather a variety of quotes before picking one of them. Like we mentioned above, only 1 out of 10 companies will give you affordable premiums, you could spend days sifting through the other 9 companies.
Here’s the bad news, there are over 6,000 insurance companies out there. Each one with different plans and prices. If you were to spend all day calling these companies, you would still spend months getting quotes.
You’ll hear over and over again, “smoking e-cigs will get you smokers premiums.” Instead of having to listen to the same sentence on repeat, let us do some of the work.
Let us save you some time. At Best Life Quotes, we are partnered with over 30 companies. We can bring a whole set of quotes.
Buying life insurance isn’t easy. If you’re an e-cig smoker, you want to be careful about applying for a company which gives you smoker’s rates. Finding a company who will give you non-smoker’s premiums will save you thousands and thousands of dollars throughout the course of your insurance plan.
If “buy life insurance” has been on your to-do list for years, it’s time you finally cross it off of your list. We can make the whole process as painless as possible.
We are Prudential life insurance agents and can help you get non-tobacco rates for using an e-cigarette. Compare rates using our quote form on the top right of this page or call us at 888-552-6159 and we can discuss quotes and help you apply for life insurance.