YES! YOU ABSOLUTELY CAN GET LIFE INSURANCE IF YOU USE MARIJUANA —WHETHER IT’S MEDICAL OR RECREATIONAL— GET THE FACTS – WHAT YOU NEED TO KNOW BEFORE YOU APPLY!
The Way Life Insurance Companies View, Assess, and Rate Marijuana Usage Is Changing…
Contrary to popular belief, marijuana use does NOT automatically disqualify you from getting life insurance. While marijuana use DOES have an impact on the cost of your policy, that does not mean you should forego coverage.
Not all insurers are the same. Each life insurance company has their own guidelines and —as more and more life insurers ‘take a fresh look’ at how they underwrite marijuana usage— those guidelines are constantly changing.
There are life insurance companies known to be ‘marijuana friendly’— more progressive or, at least, more lenient. In fact, some are even willing to offer their best prices to marijuana users. But there are some very important things you need to know, first— common mistakes to avoid.
FACTORS THAT WILL IMPACT THE COST OF YOUR LIFE INSURANCE AS A MARIJUANA USER:
- Frequency of Use
- Means of Ingestion (smoke, liquid, edibles, pills, etc.)
- Recreational vs. Medical
- If Medical – the Condition Marijuana is Prescribed to Treat
- High-Risk Habits and Lifestyle Choices
Have you ever been approved for Life Insurance in the wrong Health Class… due to ‘medications and/or certain habits’?
Please tell us about it—
Preferred Best Non Smoker Rates for Medical Marijuana
Healthy Non Smoker approved at Standard Smoker Health Class, for Life Insurance, because of his Medical Marijuana Card. Rates were more than double the nonsmoker rates he was quoted by another agent. Don’t let this happen to you!
WHAT IS THE BEST LIFE INSURANCE COMPANY TO APPLY TO IF YOU USE MARIJUANA?
If you use marijuana DAILY, you will most likely be declined by ALL life insurance companies.
However, if you use marijuana weekly:
| COMPANY | FREQUENCY | HEALTH CLASS |
|---|---|---|
| Prudential | Up to 3x / Week | Standard Plus Non-Tobacco |
| Lincoln Financial | Up to 2x / Week | Preferred Non-Tobacco |
The Bottom Line
With now 30 years experience, Christopher Lalor knows which Life Insurance Companies to recommend for specific situations— especially if you are approved at a different health class than you applied for, have health conditions, take medications, or ‘enjoy’ certain hobbies or habits.
Chris explains the (admittedly complex and overwhelming!) subject matter, in a “frank” —but patient and easy-to-understand— manner. His goal is quite simply to help you secure the best life insurance policy for your needs, from the best company that provides it, at the best possible rates.
