When you make a life insurance proposal you declare whether your a smoker or user of any nicotine product. You may well be required to have a cotinine test, so as an e-cig user this will return positive and you'd better have disclosed...
BUT, at least one insurer offers a Smokers Annuity policy. Their clever risk boys have worked out that smokers die young and they can offer preferential rates because they won't be paying the annuity for so long. For this sort of policy you have to have a cotinine test and it has to come back positive or you won't qualify. As a vapor, you've got the nicotine but you're going to live to a ripe old age - this is surely going to upset their risk forecast!!
Be interested to know if any underwriters out there know how the industry views our habit?
BUT, at least one insurer offers a Smokers Annuity policy. Their clever risk boys have worked out that smokers die young and they can offer preferential rates because they won't be paying the annuity for so long. For this sort of policy you have to have a cotinine test and it has to come back positive or you won't qualify. As a vapor, you've got the nicotine but you're going to live to a ripe old age - this is surely going to upset their risk forecast!!
Be interested to know if any underwriters out there know how the industry views our habit?
