The cost of life insurance for vapers will depend on personal circumstances.
During the application process, you’ll need to give the following details:
- Age
- Health (any pre-existing medical conditions you have)
- Smoking (or vaping) status
- Occupation
- Lifestyle (details such as your drinking habits and hobbies)
- Policy type
- Policy term
- Cover amount
The details listed above help to give insurers an idea of your level of risk and your monthly life insurance premium price will be calculated accordingly.
You’ll also need to give details about your vaping habits, such as whether you’ve smoked in the past, how long you’ve been vaping, how often you vape and whether you have any health issues due to smoking/vaping.
If you’re someone who only vapes on occasion, there might a minimal impact to the price you pay. Whereas if you have a long history of smoking/vaping and your health have been impacted, you could face more severe price increases.
The table below shows the price a vaper/smoker could pay compared to a non-vaper/smoker.
Quotes are based on an applicant in good health for a level term life insurance policy with a 20 year term and £100,000 of cover.