Prudential To Charge Higher Life Insurance Rates For Vapers

If you enjoy vaping, you better think twice or thrice before buying life insurance with Prudential.  They are one of the largest insurers out there – about to tweak its policy for vapers. Smokers are generally charged more for life insurance than nonsmokers. Under the new policy, Prudential will classify vapers as smokers when applying for individual policies.

 Unfortunately, there are over 18 reported deaths and 1,000 cases associated with vaping and lung disease all over the nation – 48 states to be exact.  Over the past few months, there have been warnings from the FDA about several deaths and illnesses linked to vaping. Health officials have traced these illnesses to e-cigars. As a special warning was issued by the FDA to avoid vaping THC – the active ingredient in Marijuana.  Many doctors say this is a concerning outbreak and consumers are warned to stay away from all vaping products until the exact cause of the reported deaths and illnesses is identified.

Large retailers such as Walmart, Walgreens, and Kroger will be discontinuing the sale of e-cigarettes. Many retailers had already set a minimum age of 21 to purchase tobacco products to discourage tobacco use among young people. The Centers for Disease Control and Prevention (CDC) data shows that cases with illnesses linked to vaping have risen significantly and most of the products contain THC. A recent study by New York University had also found that e-cigarette vapor causes lung cancer.

Flavored e-cigarettes have particularly become popular over the past years, which is causing concern among health officials as well as government regulators – the FDA labeling it an “epidemic.” The vaping industry calls the move hypocritical as Walgreens and Kroger continue to sell tobacco cigarettes while hospitals in other countries open shops for people to purchase flavored vapor products to help them quit smoking.

Prudential Financial plans will be charging higher to vapers as they will be classified as smokers in the coming weeks. Prudential rates for vapers were better compared to rates by other insurers.  Insurance companies have different approaches to classifying vaping – some categorizing as non-smoking.  However, as insurers continue to learn about the long-term effects of vaping, they may become more cautious.  

E-cigarette users are often confused about what to put on their insurance application – many identifying themselves as nonsmokers and putting themselves at risk of being accused of fraud. While some insurers are still offering rate relief for vaping, it’s not sure yet how long this will last.

Smoking is the leading cause of preventable death – over 480,000 people die every year in the United States. Vaping, like smoking, can be treated.