Applying For Life Insurance as a Marijuana User— Common Mistakes | Essential Tips | Insider Facts

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YES! YOU ABSOLUTELY CAN GET LIFE INSURANCE IF YOU USE MARIJUANA —WHETHER IT’S MEDICAL OR RECREATIONAL— BUT BE SURE TO GET ALL THE FACTS, 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. 

Be sure to consult with an independent broker, before you apply. We're here to help: ​(888) 681-4952

“Unfortunately, life insurance underwriters don’t take a low-key view concerning marijuana use. Also, the differences in how they’ll calculate your rate are astonishingly varied— so you must do your due diligence to find the best policy for your needs. That said, the heart of the matter is locating an insurer that won’t designate you as a smoker because you use marijuana. Since the rates for smokers [are] quite often triple —compared to standard non-smoker rates— this is a critical issue.”

Chris Ward, Cannabis Law PA
SOURCE:  cannabislawpa.com

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Factors That Will Impact The Cost Of Your Life Insurance As A Marijuana User:

• Frequency of Use (daily, weekly, monthly)
• Means of Use (smoke, liquid, edibles, pills, etc.)
• Recreational vs. Medical
• (if Medical) the Underlying Condition it is Prescribed to Treat
• High-Risk Habits and Lifestyle Choices

The Best Top-Rated Life Insurance Companies For Marijuana Users (to date):

• ​AIG
• Lincoln Financial
• Mutual of Omaha (United of Omaha)
• North American
• Prudential
• SBLI (Savings Bank)
• Securian (Minnesota Life)

Look For Rates from 'Marijuana Friendly' Life Insurance Companies —AIG | Lincoln Financial | Mutual of Omaha | North American | Prudential | SBLI | Securian— in the Results of Your Free Personalized Quote:

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Frequency of Use is a Major Factor in Determining The Cost Of Your Life Insurance as a Marijuana User:

SAMPLE RATES ASSOCIATED WITH DAILY, WEEKLY, & MONTHLY MARIJUANA USAGE
​AIG | Lincoln Financial | Mutual of Omaha | North American | Prudential | SBLI (Savings Bank) | Securian (Minnesota Life)

LATEST SAMPLE RATES
​MARIJUANA & LIFE INSURANCE

DO NOT APPLY TO THESE LIFE INSURANCE COMPANIES IF YOU USE MARIJUANA
Banner Life | Protective Life | John Hancock

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Essential Tips & Common Mistakes To Avoid When Applying For Life Insurance As A Marijuana User:

1
Some life insurance companies (John Hancock, for example) are still very conservative. They will automatically decline an application if you use cannabis— regardless of your reason, situation OR prescription. Because a decline for life insurance will follow you, it is essential that you speak with an independent broker —openly and honestly, before you apply. We'll make sure you don't apply to THE WRONG COMPANY for your unique circumstances.​​
2
Under NO circumstances should you ever lie about using marijuana (or about anything else, for that matter) when applying for life insurance. You are almost certain to be declined —BY EVERY INSURER— if you lie. Even 'marijuana friendly' life insurance companies will decline your application, if they 'catch you in a lie' —and THEY WILL catch you!— so always be completely upfront about your marijuana use.
​3
Don’t get rated as a “smoker”, if you don’t smoke it!!! Rates for smokers are significantly higher, so the means of ingestion definitely matters. That said, regardless of how you consume your marijuana, we urge you —if and when at all possible— to "PEE CLEAN". This advice may sound somewhat contrary to our strong "NEVER LIE" warnings (above), but it isn't. Full disclosure is imperative, but that does not mean your sample has to... 'glow green', so to speak. Testing negative for THC at the time of application can go a long way to improving your insurability. It is ALWAYS BEST to strive for the cleanest possible screening, no matter what your circumstances.
4
​If you have been prescribed marijuana (i.e. you have a Medical Marijuana Card), your prescription will need to be verified. It is essential to keep in mind that the actual condition the marijuana has been prescribed to treat FAR OUTWEIGHS the impact of your usage —when it comes to life insurance— as a factor in determining the cost of your policy and the likelihood of your approval. Unfortunately certain serious medical conditions can be virtually uninsurable.
5
Let's face it, whether it is FAIR OR NOT, there is still a stigma attached. As a marijuana user, it is quite likely that your lifestyle will get a 'closer look' (additional scrutiny) during the application process, so it is EXTRA important to keep any/all other risk factors (alcohol consumption, obesity, high-risk travel or hobbies, extreme sports, and —of course— tobacco use) in check.
​

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Why Does It Matter If I Apply To 'The Wrong Company' and Receive An Automatic Decline For Using Marijuana?

A decline for life insurance will always follow you.  It will be permanently logged on the MIB (Medical Information Bureau) database and you will always have to answer “YES” to the question “Have you ever been declined for life insurance?” on every life insurance application you fill out for the rest of your life.
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How You Ingest Marijuana Matters— Don't Get Rated As A Smoker, IF You Don't Smoke it!

don't get rated as a smoker
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