If you smoke pot and are interested in applying for life insurance for marijuana smokers, this article will help you. I will explain how smoking Marijuana will affect your premiums and your acceptance by the insurance industry. Years ago the life insurance companies did not hold a liberal view as they do now. This blog post is all about how to get the lowest life insurance rates for Marijuana smokers. Our quoting system will give you immediate life insurance quotes with the most competitive carriers.
Where at one time you could have been declined, you can now purchase life insurance with little change in premium. Nowadays your application can be easily approved. Way back in the 1960s, the possession of a small quantity of Marijuana could put you in a prison cell. This incarceration could have been for a simple first offence. The legal system and the insurance industry now have a totally different outlook on smoking Pot. In several states smoking pot is now legal.
Applying for life insurance as a Marijuana user is 100% safe. None of this information would ever be shared with any law enforcement agencies.
Insurance companies 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. The life insurance companies are in business to sell their insurance products and not working along side the police. If you have any worries about this, put them to rest right away. Your back is covered by the Federal Government. This protection works the same as any health issues you may have along with any medication you may take.
The insurers first question is why do you use Marijuana and how many times do you use it per week?
As a rule of thumb, smoking Marijuana will not prevent you from purchasing life insurance. If you spend several hours a day smoking Pot to the tune of seven days a week than yes, this could be a problem. Life insurance for Marijuana use is not high risk life insurance except in extreme cases. Heavy recreational use of Pot could raise a flag and the insurance company may take a pass. This heavy use could lead to lung and respiratory conditions similar to cigarette smoking.
Most people by far that are casual users will not have a problem. It is still vital for us to shop the market for you. We need to see who would be the most cost effective company to apply with. It is actually simple nowadays to apply and receive great rates if you use Pot. This is unlike years ago when the life insurance companies were a little intimidated with Marijuana use.
For most people by far, life insurance will be obtainable with no problem. The same thing holds true for consuming alcohol. If you don’t pound down a large volume of booze or beer you can purchase life insurance without a problem. This is pretty much just common sense. Obtaining the best life insurance rates for Marijuana users is simple process.
Here are some commons questions that I receive from many Marijuana smokers.
Can recreational Marijuana users qualify to buy life insurance?
Here is the Answer:
Yes, most definitely because the life insurance companies are changing their guidelines relating to marijuana use. The majority of the insurance companies will approve an individual who uses marijuana as well as the other factors that have to be taken into consideration such as your health history, height & weight and any hazardous jobs or sports just for example.
This revolves around the simple fact that Marijuana is not viewed along with the chemical type drugs such as Cocaine, Heroin, LSD, PCP and Methamphetamines along with many other illegal narcotics.
Years ago smoking Pot was considered a major event and could result in jail time if arrested. That is now a thing of the past and many states just inflict a small fine. There will be no arrest at all if a person is found to have less than an ounce of Marijuana.
Are Pot smokers approved in a “smoker rate” classification due to the fact Marijuana use is a form of smoking?
Here is the answer:
Traditionally in the past, life insurance companies would automatically consider approving Marijuana users in a “smoker” rate class. This is because this was actually a form of smoking just like a cigarette or cigar smoker would be. Even though this was a common practice years ago the underwriting has changed to the extremes.
Most companies will classify a Pot smoker as a non-smoker as long as he does not also use tobacco. This is at the same time when the application is completed. Just as with everything else, life insurance companies underwrite their applications differently than another company would.
Will Informing an insurance company of Marijuana use allow the insurance company to contact law enforcement?
Here is the Answer:
Absolutely not, because of the federal law known as the HIPAA Act. This would make it illegal for the life insurance company to ever release your applications information to anyone. Your lab test results such as blood, urine and saliva tests are held in strict confidence.
Your information is never ever released to any branch of the government or law enforcement. To put it bluntly, insurance companies are in business to sell insurance and not “blow the whistle” on their applicants.
Is it better to conceal the fact I use Marijuana and hope the insurance company never finds out?
Here is the answer:
Absolutely not, you never want to conceal any information that is asked of you on a life insurance application. The life insurance companies will definitely know if you use Marijuana because of your test results for blood and urine. If you lie on your application the life insurance company can decline your application.
When this happens any other life insurance company you apply with at this point with see on their central computer. It will show that you applied with a specific company and your application was declined. This will raise a flag right away. Always tell the truth!
If you are interested in applying for life insurance and you use Marijuana, go ahead and apply. Smoking Marijuana is so common today you have nothing to worry about especially in these modern times.
If your use of Marijuana is for medical purposes, that can be a different story all together.
One of our favorite companies is the well-known Prudential Insurance Company from New York. Prudential can actually offer you a life insurance policy without a smoker’s rate. They can even go as far as offering you Super Preferred rates if your health history is very good. Now keep in mind that this is for the medical use of smoking Marijuana. We will take a look at the pleasure use of Pot and its effect on purchasing life insurance below.
Throughout the years we did research on what life insurance companies give the most favorable decisions for a Marijuana smokers.
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: The Transamerica insurance company would normally come back with a smoker’s rate which is a common underwriting decision. Transamerica always offers some of the best online life insurance quotes for individual life insurance.
Mutual of Omaha: The well know 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 which is a top contender for use with a Medical Marijuana user which would allow you to smoke Pot twice a month to receive a standard plus non-smoker rating. Using Pot over the 2 time per month limit would change to table B or C non-smoker rating. This is still an excellent rate to receive.
Minnesota Life: The well-known Minnesota Life from you guessed it, Minnesota, will offer you Preferred non-smoker’s rates. If THC is found in your lab results the rate class would change to Smoker rate table 3 or 4.
The usual step by step underwriting considerations remain the same when a person applies for life insurance for Marijuana smokers.
Always remember that your overall health history still is the most important factor on any life insurance application along with any hazardous sports or occupations. The use of Marijuana is just another rating factor on an application along with everything else which is taken into consideration on a conventional life insurance application for low cost term life insurance.
We work with over 40 life insurance companies. Finding the company with the most favorable underwriting decision is not going to be a problem. We medical pre-screen many of our applicants before we have them actually apply. This is to eliminate any surprises when the underwriting process is finally completed.
Anything used in moderation is usually not going to represent a problem and this holds true for Marijuana.
If a person is a heavy Pot smoker, the Pot can represent the same lung, heart and respiratory medical conditions as a heavy cigarette smoker which could lead to lung Cancer, Emphysema or COPD. Smoking Marijuana, that certainly does not mean you can’t have the same medical conditions as a tobacco user. The Marijuana deposits its residue in the lungs which can come back one day as a major life threatening disease.
You also have to remember that Pot smoker’s do not use a filter like a cigarette user usually does. This is similar to smoking the old cigarette brands such as Camel, Lucky Strike, Pall Mall without filters. This was always as a standard practice years ago. Life insurance for pot smokers works in a similar way.
If you are interested in purchasing life insurance for Marijuana smokers and want the lowest rates possible, give us a call and we will answer all your questions with no cost or obligation. Our job is helping you find the best term life insurance with the absolute lowest rates. Nobody wants to pay any more than they have to for insurance products and that includes myself. We always provide the very best choice of the most trusted life insurance companies on the market. We have quite a few highly rated life insurance companies that offer preferred rates to Marijuana users. Regardless if the Pot is medically prescribed or not.
Activate our quoting system and compare the best term life insurance quotes online in less than a minute.
If you are ready to start comparing plans designs and premiums, complete the form on this page. You can begin comparing the lowest rates from the most competitive companies in your state. Our quote engine will display immediate life insurance quotes. All of the best life insurance quotes are displayed on our quoting system are up to date and accurate. This will give you a little experience and we can give you a more accurate quote. Especially if you have any health concerns. We utilize over 40 life insurance companies to make sure you receive the lowest rates possible. If your health is below normal you can apply for life insurance with no medical exam.
Do not hesitate to call us with any questions you may have. There is no cost or obligation for us to answer your questions and get you pointed in the proper direction. You will find the best online life insurance quotes with our advanced quoting system.
Shopping for Marijuana life insurance quotes and reviewing all the different plan designs and benefits can get confusing.
Just like anything else, if you don’t do it every day, shopping for Marijuana users life insurance can be a little frustrating. A few people are uncomfortable mentioning that they want to purchase life insurance and use Marijuana. A huge percentage of people in America use Marijuana and it is no big concern to the life insurance industry. Many questions come up such as should I buy Term life insurance, Universal life, or Whole life? What company should I apply with such as, Prudential, Banner Life, Protective Life, American General, Transamerica?
What should I choose as my face amount (Death Benefit) $100,000, $250,000, $500,000? How are my health conditions, hazardous occupation or sport going to effect my rates? These questions always come up when ever anyone is planning of purchasing life insurance with the lowest rates possible. This is where an experienced life insurance specialist comes into the picture. They can make sure all your questions are answered so you can start understanding the life insurance options. Then you can easily make the correct decisions with confidence.
Contact us today and we will help you compare life insurance quotes for Marijuana users from all the most trusted companies and get you up to speed so you can quickly see who would be the best life insurance company and plan design for your specific needs and budget. Don’t waste another minute of your valuable time. Give us a call and see how simple comparing life insurance products can be. Especially when you are using a professional insurance adviser to help you at absolutely no cost or obligation. Visit our About Us page to learn more about us and our business. Thank you for taking the time to read our blog post, I hope it helped answer many of your questions. Don’t hesitate to call us toll free seven days a week.