In New Zealand, if you use an electronic cigarette you'll still be classified as a smoker, even if you don't use traditional cigarette products. If you stop vaping and smoking tobacco altogether for more than 12 months, you can apply for a 'non-smoker' rate. If you are accepted as being a non-smoker, you can save thousands of dollars on your life insurance premiums.
Life-Info, an independent life insurance guide has some great information on cigarette smoking and insurance. It's worth a read and can give you some pointers on what to expect if you use any of the products they have listed, ranging from using e-cigarettes, to tobacco products, to nicotine patches.
If you have any questions regarding smoking and insurers, we can lend a hand. You can compare life insurance quotes from NZ's leading insurers all in one place. Alternatively, you can fill out a contact form online or give us a call on 0800 800 400 to chat with our Wellington based team.
Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.