Life Insurance With Marijuana Use

There is a huge legislation change going around the country to legalize marijuana and it is a matter of time until it becomes as legal as alcohol and tobacco are. If you use marijuana don’t be alarmed as you can easily obtain a life insurance policy. The objective is of course to get non-smoker rates since majority of the companies will issue a policy at tobacco rates which are double in pricing(not good).

When it comes to life insurance for marijuana users they are two different categories you can fall under which are personal use and medicinal use. Based on your usage type it can make a difference in the rates that will be offered.

***Note: Life Insurance rates vary greatly so it is absolutely crucial for your checkbook to work with an agency like ours due to our variety of 60+ companies and underwriting expertise.

Medicinal Use

If your are prescribed marijuana for a medical condition it is much easier to get non tobacco rates. You can even get a pricing tier of a healthy non smoker with one of the best companies for this which is Prudential. If you have a script they have a policy with your name on it and  at no additional cost, considering all else is well with your health.

Personal Use

Some people have a beer after a long day, some have a joint, we don’t care which but frequency is what will make a difference in your rates with different companies. As we established before you can get life insurance with many companies but will be rated the same as someone who smokes cigarettes. To save you time I will only mention companies that offer non tobacco rates with the maximum usage allowed out of the bunch.  First one being Lincoln National they provide a non smoker rate class up to usage of 2-4 times per week. Prudential will also provide non smoker rates up to 4 times per week. If your use is much less than that there are many more companies who might be able to offer better rates.

I’m sure you can now see that getting life insurance with marijuana use is no biggie but please be sure to follow these tips.

1. Disclose your usage because if the company finds out they will most likely decline your application. Also you don’t want to give a company a way to deny a death claim based on fraud.
2. Use an independent agency who works with many companies and has an extensive experience with marijuana users.
3. Get a customized life insurance quotes. I would usually direct you to our quote engine so you can compare life insurance quotes yourself but there are too many variables affecting the pricing. Your best bet is to speak with a specialized agent to get a customized proposal based on your individual situation.

Feel free to call us 888-492-1967 if you have any questions.