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The following post is by Joseph Brown

Term life insurance rates are based on risk. Insurance companies must view smoking as quite risky business because they generally charge three time as much in premiums for smokers as they do for non-smokers. However, some companies are offering cheaper, or even non-smoker rates, for people who use e-cigarettes, also known as electronic cigarettes.

There are two important areas that need to be taken into consideration when thinking about switching to e-cigarettes for cheaper term life insurance rates. First, what are the risks associated with e-cigarettes as compared to regular tobacco cigarettes. Second, how do you find these non-smoker rates if you use e-cigarettes.

Are E-Cigarettes Safe?

E-cigarettes are usually considered to be safer than traditional cancer sticks, but it is important to know there are some danger associated with this product. The claimed advantages are that they use synthetic nicotine that can be consumed without inhaling tar, second-hand smoke exposure is reduced, and they have less chemicals in them than regular cigarettes. The electronic cartridges are made mostly of artificial nicotine, tobacco essence, propylene glycol (PEG), tetramethylpyrazine, and flavorizers. Classic lung darts contain about 4,000 chemical products and 43 carcinogens, in addition to nicotine and PEG.

Remember that this product is still quite new to the market and no clinical studies have been conducted on the long-term effects of use. One potential danger lies in assuming this product is safe, leading to greater exposure to nicotine – which is a highly addictive drug. Just some of the health problems associated with nicotine use are hypertension, stroke, artery constriction, acceleration of coronary artery disease, cardiac ischemic events, peptic ulcer disease, esophageal reflux, high cholesterol and natural healing processes slowed. Plus, some ingredients in e-cigarettes are associated with gastrointestinal irritation and brain damage.

Can I Qualify for Non-Smoker Rates by using E-Cigarettes?

One of the quickest and easiest ways to find cheaper premiums is to shop around to get quotes from multiple companies. The more agencies you speak with the greater your chances of finding a company that is willing to give more favorable rate quotes to tobacco-less nicotine users. Some will offer the same or comparable premiums as non-smokers. These rates will depend on the company policies, the type of product used and the frequency in which it is used.

When shopping for term life insurance quotes, look for multi-carrier brokers to take some of the leg work out of research. Multi-carrier brokers will have access to a more diverse range of providers and will more likely know which companies offer non-smoker rates to e-cigarette users. Some providers will require applicants to test negative for nicotine as where others will find testing positive acceptable when qualifying for non-smoker rates. The later will factor premiums based on how the nicotine is consumed.

The healthiest choice is to quit smoking all together; however this is an extremely difficult habit to kick. When it comes to e-cigarettes, many doctors warn against exchanging one bad habit for another and recommend that they be used temporarily as a tool to quit. But in the meantime, they can be an ideal way to help reduce term life insurance rates.