Vaping has become increasingly common in Australia, with many people turning to e-cigarettes as an alternative to traditional smoking or as a tool to quit. If you currently vape or are considering it, understanding how it affects your life insurance premiums is crucial.
What Are E-cigarettes and Vaping?
E-cigarettes and vaping devices are battery-powered products that heat a liquid (often called "e-liquid" or "vape juice") to create an aerosol that users inhale. Modern vaping devices come in various forms, from small pod systems to larger box mods and disposable vapes. The liquids may contain nicotine, flavourings, and other chemicals.
If you are currently vaping, or are thinking about doing so, you should consider the potential health effects as well as how it may affect your life insurance premiums.
Are you an e-cigarette user?
Get a free online quote to see how your insurance premiums could look.
If you use vapes or e-cigarettes, what does it mean for your life insurance and premium? In most cases, smoker premiums will still apply if they contain nicotine. Generally, a non-smoker is defined as someone who has not smoked a cigarette, or used nicotine or a nicotine-replacement product, within the previous 12 months.
In addition, someone who has smoked marijuana within the last 12 months would also be considered a smoker.
However, according to the rules of some insurance companies, it would depend on the type of e-cigarette — namely, whether or not you use the sort of e-cigarette vials that contain nicotine.
If you would like to find out more about smoking, vaping and what they mean for your life insurance policy, give us a call today on 13 54 33.