How to Buy Life Insurance for Marijuana Users

Life Insurance for Marijuana Users With the Best Rates in [2023]

Applying for life insurance for marijuana users is simple and easy. If you thought your marijuana smoking would represent a problem, no worries because it’s not. Many companies will allow you to smoke marijuana without adding a smoker rate to the policy.

Times have changed, and so has life insurance for marijuana smokers. It does not get any better than this!

We use companies that are marijuana-friendly to get the very best rates. Just keep reading and we will show you what you need to know to apply and get the best rates possible. Smoking weed is widespread, and most insurers are very liberal with pot smokers.

 

 

How Will Smoking Marijuana Affect My Life Insurance Rates?

Marijuana use is not considered a high-risk factor for life insurance as it used to be. However, like cigarettes, excessive use could become a health hazard due to lung damage. Marijuana is considered a drug, and it is a good idea if you learn more about marijuana and its long-term effects.

Marijuana users do not automatically get smoker rates just because they are smoking. If you smoke marijuana and cigarettes together, you will get a smoker rate, which is common sense.

Heavy, consistent smoking of marijuana could result in higher life insurance rates and possibly a decline if you smoke grass on a very heavy basis. Insurance providers are more concerned with heavy smokers regardless of what they smoke. Cigarette smoking is at the top of the list of health hazards.

Heavy smoking of any product can cause lung damage over time. A significant factor will be what insurance company you apply with. They are all different, and they underwrite tobacco use and marijuana use on different scales.

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The right life insurance company you apply with will be critical if you use marijuana for medical or recreational purposes. Your current health history is also much more essential than marijuana use.

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Can I Conceal My Marijuana Use on My Application?

You never want to conceal any information you ask for on a life insurance application. Most life insurance companies test for marijuana use. With most conventional life insurance applications, you will be requested to take a basic physical exam called a Paramed exam. You will need to provide urine and a blood sample for the test.

Sometimes, these tests will show marijuana use by some companies, even if they don’t specifically test it. For example, THC, the chemical found in marijuana, can appear in a blood test. You can see it well after 14 days of smoking pot. This will also depend on how frequently the applicant smokes marijuana products. Traces can be detectable in the urine for up to 30 days.

Concealing information on an application could trigger a denial of payment if you die and your survivors file a death claim. The worst mistake you can make is lying on your application.

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If you conceal your marijuana use on your application, the life insurance company can decline your application or, later on, a claim for death benefits. Any future companies you apply with will also know why you were denied entry. Always tell the truth!

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Is There a Difference Between Life Insurance for Recreational Users vs. Medical Use?

There is a difference between life insurance for recreational marijuana users and medical marijuana users. Using marijuana works just the same in both cases. Smoking weed is not a big issue any longer. The insurance companies will quickly approve an individual who uses weed for recreational purposes.

Using marijuana for medical reasons works the same. The usual underwriting factors that also have to be taken into consideration such as:

• Current Age
• Your Health History
• Height & Weight
• Hazardous Occupations
• Any Dangerous Sports
• Driving Record
• Tobacco Use
• Family Health History
• Credit History

 

Do Life Insurance Companies Test for Marijuana?

Companies have to check for drug use. They want to know if an applicant is using marijuana or possibly even a deadly form of narcotics such as heroin, LSD, morphine, Cocaine, and many others. By today’s standards, this could be possible.

If you smoke marijuana, be honest and answer yes, and there will be no problems. In many states today, marijuana is perfectly legal. Most life insurance companies check for marijuana THC.

 

Are Pot Smokers Approved For a “Smoker Rate” Classification?

Unless the applicant is a heavy marijuana smoker or a tobacco user, not all the time, life insurance companies will approve marijuana users in a “Tobacco” rate class in the past. Marijuana was a form of smoking like cigarettes or cigars. Even though this has been a common practice in recent years, underwriting has drastically changed.

Many companies will classify marijuana users as non-smokers if they do not use tobacco. However, some companies will still place marijuana smokers in a tobacco class. A tobacco class could raise your premiums by over 300%. 

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You must apply with the most “marijuana-friendly” company possible. You do not want smoker rates as they can triple your premium. Using a carrier that offers the best life insurance for marijuana smokers and does not issue tobacco rates is essential.

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What Type of Life Insurance Should I Apply for?

The two main life insurance types are permanent and term life insurance policies. Permanent life insurance would be universal life and whole life. However, Whole Life Insurance will not be cost-effective, and many life insurance companies have dropped it from their product line.

Life insurance companies use statistics to help calculate what they need to charge for life insurance. For example, the statistics indicate that many people will outlive their policy, and a death claim will not have to pay.

Many people buy too short of a term period and easily live far beyond the term period of their policy. This is why term life insurance can be so inexpensive to buy. However, you should compare universal life insurance rates if you want a policy that will last the rest of your life. You can also combine term and universal life with building the perfect life insurance package.

 

Best Life Insurance Companies for Marijuana Users?

Here is a list of some of the best life insurance companies for marijuana users. The same company for you will depend on a quick medical pre-screen performed by your agent, such as us.

Only an experienced insurance agent can zero in on the best company for you specifically. We work with over 40 of America’s top life insurance companies, and the quoting rates can fluctuate yearly. 

American General:

American General can issue you a policy on preferred non-tobacco if you don’t use marijuana more than three times a month.

MetLife:

The New York giant, MetLife, will return with a Super Preferred Non-Smoker rate if you smoke for less than a week. (If you exceed the specified limit of smoking pot, your rates will be converted to the smoker’s rates. This could easily double or triple your life insurance premiums.)

Transamerica:

Transamerica will generally come back with a smoker’s rate, a joint underwriting decision; however, they offer Preferred Smoker rates if you don’t smoke marijuana regularly.

Mutual of Omaha:

Mutual of Omaha companies will usually come back with a Non-Smoker rate if you smoke reefers no more than once a week. However, smoking marijuana more than once a week would trigger a smoker’s rate.

Prudential:

Prudential is a top life insurance company for marijuana smokers. In addition, users who smoke marijuana up to three times a week could receive Preferred Best Non-Tobacco ratings.

ING Reliastar:

ING will rate you as a Preferred Smoker even if you use marijuana seven days a week. This is one of the best companies if you are a heavy marijuana smoker.

Minnesota Life:

Minnesota can offer you non-smoker rates if your marijuana smoking is limited to twice a month. Your lab results will have to show a negative for THC.

 

Best Life Insurance for Frequent Marijuana Users

If you smoke marijuana frequently, you’re heading for a smoker’s rate or a possible decline. However, overindulging in anything can cause harmful side effects, and life insurance companies will draw the line someplace in the sand. In addition, heavy use of marijuana has a lot of adverse effects on your body.

The companies above will give you some of the best offers for people that smoke weed, but there are limitations to how much actual smoking marijuana they will conform to.

There was a time when smoking marijuana would trigger an instant decline in a life or health insurance application. Therefore, if you are a heavy, frequent marijuana user, you might want to consider reducing how much pot you smoke before applying.

 

Underwriting Considerations Remain the Same Whether You Smoke Marijuana or Not

Your overall health history is still the most critical factor in any life insurance application. The use of marijuana is just another rating factor on an application.

You will receive preferred rates as long as your health is acceptable. However, anytime an applicant has a medical condition, those issues could impact their rates.

It all depends on what the actual medical conditions are. This holds with any company and any applicant planning on applying for life insurance.

 

Could Important Factors Determine My Rates?

Your Age:

Your age always plays a massive part in determining your premiums. The older you are, the higher the premium. It will only become more expensive once you apply if you put it off.

Current Health History:

Your current health is one of the life insurance companies’ essential factors. The more medical issues you have, the more likely your rates will either go up or you will be declined. Therefore, knowing and understanding the risks of using marijuana for your good is a wise idea.

Occupation:

If you have a dangerous job, your rates can be affected. For example, hazardous jobs like Iron Workers, Commercial fishermen, and Pilots, to name a few, can increase your rates.

Credit History:

If you have poor credit, your rates can be affected. The statistics show that people with poor credit ratings are more likely to trigger insurance claims.

Driving Record:

Your driving record reveals your respect for the law and your degree of responsibility. Unfortunately, people with poor driving records are more likely to have an auto accident, resulting in a fatality.

Family Health History:

A history of cancer, heart disease, and early death (before age 50) can cause your rates to increase. This pertains to your parents and siblings. These medical concerns can be passed down to your genes. 

Policy Face Amounts:

The more significant the policy death benefit you choose, the more expensive your policy will be. In addition, the longer the term period you select will also increase your premiums.

Tobacco Use:

If you use tobacco products, primarily smoking cigarettes, your rates can skyrocket. Cigarette smokers usually pay about 300% more money in premiums. So if you smoke, get help and quit smoking as soon as possible. It will only destroy your health!

 

How Can I Apply for Life Insurance for Marijuana Users?

I would recommend contacting our office. We have been in business for over 30 years and represent the best life insurance companies in the nation. We shop in markets with over 40 companies to ensure you always get the best rates.

Helping you find the best life insurance for marijuana smokers is a snap. Due to the fact that we represent all the most competitive companies, we guarantee to find you the lowest rates possible.

 

How Can I Compare Life Insurance Quotes for Marijuana Users?

Run our instant quoting system and compare up-to-date rates from all the best carriers. We work with over 40 of the best life insurance companies. As a result, finding the company with the most favorable underwriting decision is easy.

It will usually take an extra few minutes to run a very beneficial medical pre-screen (if needed) for many of our applicants before we have them apply. This eliminates surprises and can pinpoint the company offering you the lowest rates possible.

In addition, our quoting system will allow you to review the best life insurance quotes for marijuana users displayed side by side in less than a minute.

 

Misconceptions About Buying Life Insurance for Marijuana Smokers

There are many misconceptions about purchasing life insurance for marijuana smokers. As a result, many people hesitate to buy life insurance, especially in states where marijuana possession is illegal. Here is a list of the top five fallacies prohibiting marijuana users from buying life insurance.

1. If you declare on an application that you smoke marijuana, you could be arrested as a drug user.

Nothing could be farther from the truth!

The Health Insurance Portability and Accountability Act (HIPPA Act) is a federal law that protects unauthorized persons or persons from obtaining confidential documents or information. 

Life insurance companies are connected with law enforcement in no way or form. They do not even share the information on your application with your agent, much less anyone else. So rest assured that your information is safe and sound.

2. You will never be able to get the lowest rates as long as you smoke marijuana.

This is false!

This is also not a valid statement because you use marijuana minimally. You can qualify for “Preferred Best rates,” which are the best rates you are eligible for. As long as you don’t have any severe health conditions, you can be issued some of the best rates possible.

Your life insurance company is more concerned with your current health than your history of smoking marijuana.

Medical Marijuana and Recreational Marijuana Users Are All Underwritten the Same.

Again, this is false!

If you use marijuana for recreational purposes, that is fine. However, if you use marijuana for medical reasons and have a medical marijuana card, that is something else. The big question will be the medical condition that warrants you smoking marijuana for medical purposes.

The carrier will want to know the nature of your medical condition and its seriousness. If your condition is mild and not life-threatening, there will be no rate increase.

If your medical condition is severe, the company will need more information and will have additional questions, such as:

• What is the name of your condition and how serious is it?
• Have you been hospitalized for your medical condition?
• Do you take medication for your condition?
• What type of medical care do you receive?
• What is the long-term prognosis for your medical issue?
• Is your condition stable or uncontrolled?
• When were you first diagnosed?
• Have you ever had surgery for this condition?

Your health classification can or will be affected somehow, as with any medical condition. A quick medical pre-screen performed by your agent can help predict the outcome of your application and the best company to apply with.

If your condition is not too severe, a no medical exam policy may be a good choice for you because they don’t require an exam. However, the no exam part only goes so far because if your condition is more serious, a medical exam will still be required. 

3. All Life Insurance Companies Test for THC and Other Drugs.

That is not true to an extent!

Some companies will test for THC, and others will take your word. Some life insurance companies will not even ask if you smoke marijuana. Your agent can help determine the most appropriate company to apply to. You can call us and we will pre-screen your situation and show you all your options.

4. All Marijuana Users Automatically Receive Smoker Rates.

This is not true!

This will all depend on how much marijuana you use. All life insurance companies underwrite their applications differently. This is why you want to use a carrier that is marijuana friendly so you can stay away from an expensive smoker rate.

If you use tobacco products, you can expect a smoker’s rate, which could easily cost 200 to 300% more premium dollars.

If you are a heavy marijuana smoker, you are headed for a smoker’s rate because of the lung damage heavy marijuana smoking will cause. It is only a matter of time before your respiratory system has had enough and your health declines. Unfortunately, life insurance companies know this only too well.

 

Can an Independent Agent Find the Best Rates for Marijuana Smokers?

Independent agents across the United States can shop the entire life insurance market for their clients. Finding the best life insurance quotes for marijuana users is easy, especially when comparing the top-rated companies on a modern quote engine.

Captive agents such as State Farm can only quote the one company they work for. There is a big difference between life insurance companies regarding marijuana life insurance rates.

If you are looking for the best rates possible, connecting with an experienced independent agent is your best move.  

 

What Do Companies Test for When Buying Life Insurance?

Here is a list of just some of the profiles the life insurance companies tested for using blood and urine tests:

• Tobacco Use
• Marijuana 
• Cholesterol
• LDL
• HDL
• Triglycerides
• HIV

Illegal Narcotics:

• Cocaine
• Morphine
• Oxycodone
• Hydromorphone
• Codeine
• Fentanyl
• Oxymorphone

 

Can Pre-Screening My Application Help Me Receive Better Rates? 

Pre-screening your application before you apply will allow your agent to zero in on the best rates without a doubt. Additionally, a quick and straightforward 10-minute pre-screen by your agent will expose anything that may cause an issue during the application process.

For example, getting any health concerns, dangerous sports, or hazardous occupations out in the open will help choose the best life insurance company to apply with.

Your life insurance company will accumulate all their information from MIB reports, doctor’s office medical records, paramed exams, credit reports, MVR reports, and others during your application. The objective is not to have any surprises that could cause your rates to increase unexpectedly. Therefore, a pre-screen is just a system of questions and answers with your agent.

 

What is the Best Way to Apply for Life Insurance?

The best way to apply is by telephone. Today’s modern telephone applications take about 15-20 minutes to complete and snap for the applicant: no more 20-page, time-consuming paper applications or confusing online applications.

All you have to do is sit back and answer the questions asked by one of the girls in the telephone application department. The less time you have to apply for life insurance will allow you more leisure time to smoke weed.

 

In Conclusion

It takes a little research to find the best life insurance rates for marijuana users. But independent agents like ourselves have access to the total life insurance market. We can quickly compare all the lowest rates from the most competitive companies in your state. All of the insurance quotes displayed are up-to-date and accurate.

If you prefer, feel free to call us and we will be able to direct you to the best company with the lowest rates in a matter of minutes over the telephone. We know which companies will have the most lenient underwriting toward using marijuana.

Contact us seven days a week to learn how simple it is to purchase life insurance for marijuana users.

All the best,
Jack Venturi
708-334-6226

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If you have any questions about applying for life insurance for Marijuana users, contact us today and let us help with no cost or obligation. We are brokers and work for our clients, not insurance companies. We will help you get approved for the best policy with the lowest rates. You can also choose a specific time to get all your questions answered. 

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