In a word, "yes".
It is 100% certain you will die. As Jim Morrison once said, and later proved, "No one here gets out alive".
Most of us who are now vaping smoked cigarettes. Some of us smoked packs of cigarettes, daily, for decades, before we started vaping. If, like me, you are in that group, considerable cardiopulmonary damage has already been done. The odds are pretty good, barring worse damage to your body from some other cause, that this will eventually cause or contribute to your demise. Vaping will not magically cure that damage.
It is widely believed that if we stop smoking cigarettes, our lives will be prolonged. Former smokers seem to live longer, healthier lives than they might, had they continued to smoke to the bitter end. This may even be proven but I have no desire to read or quote medical research, here.
My personal hope is that vaping does less cumulative damage to the system than smoking. I want to continue to feed my addiction to nicotine and continue to indulge my hand-to-mouth behavioral habits without many of the proven evil effects of inhaling tobacco smoke. I know that my smoker's cough has improved (but NOT been cured) over my 5 months of vaping. I feel as if I have "more wind" and better endurance.
OTOH, I'm also certain that I've chosen a replacement habit that has UNKNOWN long term health effects. There has been no meaningful research, the habit simply hasn't been around long enough. Inhaling vaporized PG/VG, nicotine and a variety of flavorings into the lungs on a daily basis is NEVER going to be proven healthy EXCEPT in comparison to tobacco smoke.
If health and longevity are your sole concerns:
Stop smoking and DON'T start vaping.
-OR-
Use vaping to get yourself off cigarettes and then STOP vaping.
If you don't smoke, why vape?