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Applying for life insurance is totally safe
If you are worried about life insurance companies notifying law enforcement, don’t think about it for a minute. The carriers have an extreme liability to work with the HIPAA Act Privacy Rules and Regulations. They are bound by a rock-solid agreement to protect your privacy. Life insurance companies are in business to sell their insurance products, not informing others about your business. If you have any worries about this, put them to rest right now.
Smoking marijuana will never prevent you from purchasing life insurance
Marijuana use is not considered a high-risk factor for life insurance. Keep in mind, though, that extreme use could become a health hazard due to lung damage like cigarettes and result in higher rates. Insurance providers are more concerned with heavy smokers regardless of what they smoke.
Should marijuana use be concealed on your application?
Absolutely not! You never want to conceal any information that is asked of you on a life insurance application.
While life insurance companies do not specifically test for marijuana use, they will definitely know if you do.
To qualify for life insurance, you will be required to take a small physical exam called a Para-Med exam. As part of the test you will need to provide a urine and sometimes a blood sample. These tests will show marijuana use. THC, the chemical in marijuana, can show up in a blood test form anywhere between 2 and 14 days after smoking. This will depend on how frequently the applicant uses marijuana products. Traces are detectable in the urine for up to 30 days.
If you lie on your application the life insurance company will decline your application. Any future companies you apply with will know why you were declined.
Always tell the truth! Smoking marijuana cannot hurt your purchase of life insurance
Can recreational marijuana users qualify to buy life insurance?
Yes. The insurance companies will easily approve an individual who uses marijuana for recreation purposes. Remember, the usual underwriting factors that also have to be taken into consideration also such as.
- Current Age
- Overall Health History
- Height & Weight
- Hazardous Occupations
- Any Dangerous Sports
- Driving Record
- Tobacco Use
These other factors are always taken into consideration regardless if you smoke Marijuana or not.
Are marijuana users approved in a “smoker rate” classification?
In the past, life insurance companies would approve marijuana users in a “Tobacco” rate class. Marijuana was actually a form of smoking like a cigarettes or cigars. Even though this was a common practice in the past years, underwriting has drastically changed.
Many companies will classify a marijuana user as a non-smoker as long as they does not also use tobacco. Some companies still place marijuana smokers in a tobacco class. A tobacco class could raise your premiums over 300%.
You must apply with the most “marijuana friendly” company. You do not want Smoker Rates, they could over double your premium.
Excellent companies to choose
- MetLife: The New York giant, MetLife, will come back with a Super Preferred Non-Smoker rate if you smoke less than 1 week. (If you exceed the specified limit of smoking Pot, your rates would convert to smoker’s rates. This could easily double or triple your life insurance premiums.)
- Transamerica: Transamerica will normally come back with a smoker’s rate which is a common underwriting decision, however they always offer some of the best online life insurance quotes for individual life insurance.
- Mutual of Omaha: Mutual of Omaha company will usually come back with a Non-Smokers rate if you smoke reefer no more than once a week. Anything over once a week would trigger a smoker’s rate.
- Prudential: The Prudential company is a top life insurance company for marijuana smokers. Users who smoke marijuana up to three times per week could receive Preferred Best Non-Tobacco ratings.
The usual underwriting considerations remain the same
Always remember that your overall health history still is the most important factor on any life insurance application. The use of marijuana is just another rating factor on an application.
You can receive preferred rates as long as your health is acceptable.
Ready to get a quote?
We work with over 40 of the best life insurance companies. Finding the company with the most favorable underwriting decision is easy. We usually medical pre-screen many of our applicants before we have them apply.
If you are interested in purchasing life insurance as a marijuana user, a medical pre-screen can determine exactly what company will be your most cost effective choice.
Get a head start and run our quoting system
If you are ready to start comparing plans designs and premiums, complete the form on this page. You can quickly begin comparing the lowest rates from the most competitive companies in your state. Our quote engine will display immediate life insurance quotes from over 40 of the best life insurance companies. All of the insurance quotes displayed are up to date and accurate.
If you prefer, feel free to contact us directly and we will be able to direct you to the best company with the lowest rates in a matter of minutes.
Jack Venturi