Phillip Morris set to offer life insurance to ex-smokers and vapers

[smacuser]

I heard it on the radio this morning, then saw it in the news. Discounts will be given to iqos users and vapers.

Tobacco company Philip Morris starts life insurance firm that offers discounts to smokers who quit

 

[Letitia]

Desperation is ugly

 

[HauntedMyst]

Desperation is ugly

Not after you've had enough beers.

 

[charlie1465]

Just your normal day in the corporate world

 

[somdcomputerguy]

Not after you've had enough beers.

'Beauty is in the eye of the beerholder'

 

[ENAUD]

Desperation is ugly

The CEO stated that PMI hopes to stop selling cigarette sales completely someday, they can't do that and survive without replacing those products with something else. insurance policies are a service/ product, to me this is an interesting and somewhat creative leap for a tobacco company to take, and corporations by their very nature, have zero morals, only profit motives to guide their existence.

 

[smacuser]

I understand this is being proposed in the U.K., but will it have any impact on legitimizing vaping in general?

 

[bombastinator]

Heh. “Discounts”. iQOS is at least better than smoking. No one knows how much except atria though. Philip Morris doesn’t exist anymore as such though. They’re part of atria now. This whole thing sounds a bit weird to me. Obfusticated iQOS marketing possibly. I wonder if the stuff actually even exists and what the real numbers are, or if it was just an excuse to put line inches in the paper.

 

[stols001]

I'm not sure I'd trust Phillip Morris life insurance I sort of imagine the check coming tainted with all these chemicals, somehow.

it's an interesting and totally weird idea thought these companies are acting completely schizophrenic if you ask me.

Anna

 

[Falconeer]

Is this to head off or minimise future claims for damage done by smoking do you think?

 

[Horselady154]

Maybe I'm missing something, but anything that is touting that vaping is better for you than smoking is a plus for us.

 

[bombastinator]

I'm not sure I'd trust Phillip Morris life insurance I sort of imagine the check coming tainted with all these chemicals, somehow.

it's an interesting and totally weird idea thought these companies are acting completely schizophrenic if you ask me.

Anna

Which is why I think it’s possibly just obfuscated marketing. They want to put iQOS and vaping on the same perceived danger level.

 

[bombastinator]

Maybe I'm missing something, but anything that is touting that vaping is better for you than smoking is a plus for us.

Sort of. Except that what it looks like is being done is an attempt to put iQOS on the same level as vaping.

 

[stols001]

Yeah but didn't the IQOS get slammed hard by the US? I don't think life insurance is gonna do the trick.

The FDA is not gonna be,"Oooh, now IQOS users are gonna have LIFE insurance" (they seriously don't care.)

I have no clue why there are doing it but IMHO this will not make the IQOS more palatable to our lawmakers.

The last thing they need/want is another device that may work BETTER than vaping for some smokers.

Phillip Morris would do better giving the government "IQOS insurance" by offering them billions of dollars over time.

Anna

 

[bombastinator]

Yeah but didn't the IQOS get slammed hard by the US? I don't think life insurance is gonna do the trick.

The FDA is not gonna be,"Oooh, now IQOS users are gonna have LIFE insurance" (they seriously don't care.)

I have no clue why there are doing it but IMHO this will not make the IQOS more palatable to our lawmakers.

The last thing they need/want is another device that may work BETTER than vaping for some smokers.

Phillip Morris would do better giving the government "IQOS insurance" by offering them billions of dollars over time.

Anna

They’re not trying it in the US though. They’re trying it in Britain.

 

[somdcomputerguy]

I wonder if IQOS users will get a bigger discount than users of vapes made by other manufacturers?

 

[smacuser]

I wonder if IQOS users will get a bigger discount than users of vapes made by other manufacturers?

The article states a 25% discount for iQOS users (for the first 3 months) verses 2.5% for vapers. Go figure.

 

[somdcomputerguy]

The article states a 25% discount for iQOS users (for the first 3 months) verses 2.5% for vapers. Go figure.

It's been more than 20 hours since I read it, so I probably forgot that little nugget.

 

[bombastinator]

I wonder if IQOS users will get a bigger discount than users of vapes made by other manufacturers?

We’re short on data on this one. Good chance no data actually exists and it was just a marketing ploy. There may not be any actual insurance at all.

 

[r77r7r]

I think that they should give a discount to us long term smokers. Aaaand pay for any funeral that may be tobacco related. We could all be buried together in our own special cemetery .

 

[DaveP]

The death knell is on for tobacco companies. Life Insurance is a profitable business for them to ease into as the nation continues to stop smoking. There's no factory equipment to maintain and you only have to produce a printed paper document (or a check) as your end product.