Life Insurance for Marijuana Users + Video

Life Insurance for Marijuana Users: What You Should Know Before Applying in [2024] + YouTube Video

Obtaining Life Insurance for marijuana users is now a straightforward procedure thanks to today’s relaxed underwriting standards. Life insurance providers have gained a clearer understanding of marijuana and its potential health consequences.

Our office specializes in offering life insurance coverage from the top rated insurers with the most competitive rates for marijuana consumers.

Your chosen lifestyle shouldn’t obstruct your ability to provide financial security for your family members. Partnering with over 40 of the most competitive life insurance companies in the industry, we can provide you with the best available rates.

The application process for life insurance for marijuana users has been made more efficient than before. We’ve eliminated potential complications, making it easier to secure coverage.

We have simplified the application and underwriting journey to make it quicker and more convenient. We will be your dedicated guide, ensuring a smooth and uninterrupted experience when applying for the best life insurance for marijuana users.

 

Can I Get Life Insurance as a Marijuana User?

Yes, anyone can purchase life insurance as a marijuana user as long as their overall health is not being affected by any possible life threatening health conditions.

This would be the norm if you use marijuana or not. You would follow the same procedure for underwriting by submitting an application and undergoing a paramed assessment with blood and urine tests.

You can avoid having a medical exam by selecting a no-medical-exam life insurance policy that doesn’t include this requirement.

These policy designs do cost a little more, but most people enjoy applying with no physical exam, applying with a fraction of the normal medical questions and being issued a policy commonly within 24-48 hours.

Applying for life insurance for pot smokers is common practice, with estimates exceeding over 18,000 applications submitted each year in the United States alone.

 

How to Secure the Lowest Term Life Insurance Rates in 2024

 

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 marijuana use could become a health hazard due to possible lung and respiratory 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. Many marijuana smokers also smoke cigarettes.

Heavy Smoking of Marijuana Could Result in Higher Rates

Heavy smoking of marijuana can result in higher life insurance rates, especially if you smoke grass on a very consistent 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 related hazards.

Heavy smoking of any product can cause respiratory disease 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.

 

Do Life Insurance Companies Test for Marijuana Use?

Each life insurance carrier has their own way of determining what they want to test for. But for all practical purposes, testing for marijuana use is extremely common on a fully underwritten application.

On today’s standards, with many states legalizing marijuana use, a very high percentage will use marijuana to some degree.

Always tell the truth when completing any insurance application and plan on your paramedical exam to include the test for THC which is the principal drug in the marijuana plant. All good insurance agents will recommend companies that are the most liberal for marijuana use.

 

Can a Life Insurance Application be Declined for Marijuana Use?

Normally, a life insurance application would not be declined just for marijuana use. If you have a serious health condition along with heavy use of marijuana. Your application could be declined, especially if your health condition could be worsened from smoking marijuana.

A case in point could be an individual with COPD or another serious respiratory disease who smokes marijuana on a daily basis. This could cause the COPD to become more intense and possibly cause a terminal effect for the smoker. 

 

Is Marijuana Considered Tobacco on a Life Insurance Application?

Marijuana is not considered tobacco on a life insurance application, but it can create the same effect to your health classification. Even if you don’t use tobacco products, you can still receive a smoker rate otherwise known as a tobacco rating.

In most cases, people that smoke cigarettes are usually the ones that will smoke marijuana. The statistics clearly show that people that do not use tobacco products are the ones least likely to smoke marijuana.

 

Can I Conceal My Marijuana Use on My Application?

You never want to conceal any information or misrepresent yourself on any type of insurance application. Most life insurance companies test for marijuana use using high-tech methods.

With most conventional life insurance applications, you will be requested to take a basic physical exam called a paramed exam with a nurse. You will need to provide urine and blood samples 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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Failure to disclose marijuana use on a life insurance application may result in the company denying the application or refusing to pay out death benefits. Honesty is essential when completing an application.

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

What medical issues are you treating with medical marijuana? The employment of medical marijuana for therapeutic purposes alerts insurers to your underlying health concerns.

The underwriting process is identical for life insurance coverage for recreational and medical marijuana users, despite the distinction between the two. Medical exemptions do not apply, and the health hazards of smoking remain equal.

Smoking marijuana for personal enjoyment no longer poses a significant obstacle to insurance approval.

Medical marijuana usage follows the same principles as regular underwriting factors.

1. Current Age
2. Your Health History
3. Height & Weight
4. Hazardous Occupations
5. Any Dangerous Sports
6. Driving Record
7. Tobacco Use
8. Family Health History
9. Credit History

 

Is Marijuana Use a Factor in Life Insurance Underwriting?

Marijuana consumption is a consideration in the life insurance application process. Insurance companies must examine this aspect. The applicant’s background is being investigated to determine if they have a history of using drugs like marijuana, heroin, LSD, morphine, cocaine, and others. This is a common practice.

If you’ve used marijuana, be upfront about it, and there will be no repercussions, as it is lawfully permitted for use in many states today.

 

Be Honest About Your Marijuana Use

The secret to getting the lowest possible rates is to be approved with a non-smoker health classification. A smokers rate could possibly increase your premiums by over $200%. If you smoke marijuana on occasion, you should hopefully receive a non-smoker rate depending on what your description of “on occasion” is.

For example, if you are a marijuana smoker that smokes weed 2 or 3 times a week, you will be in good shape. On the other hand, many people smoke marijuana several times a day and 7 days a week which will definitely result in a smokers rate. 

The point I am trying to get across is regardless of how often you use marijuana, and if you use it for recreational or used for medical reasons, it is crucial to tell the truth on your life insurance application. Keep in mind that your application is a legal contract which states the insurance carrier will pay out the death benefit if you die as long as you pay the premiums.

Any type of omission or misrepresentation can be construed as fraud which can breach the contract and allow the carrier to terminate the policy and not pay out on a death claim later down the road.

 

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

Historically, life insurance companies have assigned marijuana users to the “Tobacco” rate class in the past, except when their usage is minimal.

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.

The insurers we partner with will label marijuana users as non-smokers if they do not consume tobacco products, such as cigarettes.However, companies will still place marijuana smokers in a tobacco class if they smoke marijuana on a daily basis. 

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To keep your premiums low, it is crucial to team up with a marijuana-friendly company for your application, as smoker rates can significantly increase your costs.

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What Type of Life Insurance Should I Apply for?

Permanent and term life insurance represent the two primary categories of plan designs for life insurance. Whole Life and Universal Life are two distinct forms of permanent life insurance. Despite this, the rising costs of Whole Life Insurance have made it an unattractive choice for numerous individuals, prompting certain insurers to cease offering it.

Life insurance providers rely on statistics to help them establish premiums for their policies, considering the fact that a considerable number of policyholders might outlive their coverage and no death benefit would be triggered.

A significant number of individuals purchase term life insurance policies with insufficient coverage duration, often outliving the policy terms and necessitating renewal

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?

This list showcases some of the top life insurance companies that cater to marijuana users, with your eligibility determined by a brief medical assessment conducted by your insurance representative.

An insurance agent with extensive experience is capable of identifying the most suitable insurer for your unique needs.

More than 40 leading life insurance companies in the United States collaborate with us, and their premium quotes may vary.

Lincoln Financial:

Lincoln Financial is going to be one of your best choices for marijuana life insurance. The best aspect of Lincoln Financial is that they accept recreational marijuana smoking at non-tobacco rates without testing for the chemical THC.

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. You can read our Prudential review for more information.

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.

 

Underwriting Considerations Remain the Same Whether You Smoke Marijuana or Not

Your health history is 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 and you are not considered a heavy pot user. 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.

 

Factors That Will Determine Your Rates

Your Age:

The age factor significantly influences your insurance premiums, with older individuals typically paying more. Delaying applications will only lead to higher costs.

Current Health History:

The state of your current health is a crucial consideration for life insurance companies. The greater the number of health issues you have, the higher your premiums may be or the possibility of being denied coverage. Understanding the potential risks of marijuana use can help you make informed decisions.

Occupation:

The risk level of your occupation may influence your premiums. For instance, professions such as iron workers, commercial fishermen, and pilots typically entail higher risks, resulting in increased rates.

Credit History:

The likelihood of higher rates applies to those with poor credit. Statistics clearly indicate that people with poor credit ratings produce more 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 250% more money in premiums. So if you smoke, get help and quit smoking as soon as possible. It will take its toll on your health.

 

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. You can compare the best life insurance quotes for marijuana users.

We work with the best life insurance companies in the nation. As a result, finding the company with the most favorable underwriting decision is an easy and simple process.

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 marijuana life insurance quotes displayed side by side in less than a minute.

 

Five Misconceptions About Buying Life Insurance for Marijuana Users

There are many misconceptions about purchasing life insurance for marijuana smokers. As a result, many people hesitate to buy life insurance because of it, especially in states where marijuana possession is still 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 May 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.

3. 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 should be no rate increase.

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

That is partially not true!

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.

5. 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.

 

Questions That You May Be Asked Concerning Health Conditions

In case of a significant medical condition, the business may seek more information and ask for additional queries such as:

1. What is the name of your condition and how advanced is it?
2. Have you been hospitalized for your medical condition?
3. Do you take medication for your condition?
4. What type of medical care do you receive?
5. What is the long-term prognosis for your medical issue?
6. Is your condition stable or uncontrolled?
7. When were you first diagnosed?
8. Have you ever had surgery for this condition?
9. Are you under doctors care for this condition?
10. What is the long term prognosis for this condition?

Your health classification can or will be affected somehow, as with any medical condition. A simple risk assessment can help predict the outcome of your application and the best company to apply with.

 

What Do Companies Test for When Buying Life Insurance?

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

1. Tobacco Use –
2. Marijuana Use –
3. Total Cholesterol Numbers –
4. LDL Levels –
5. HDL levels –
6. Triglyceride Levels –
7. HIV: Virus Testing –

 

It may take a little elbow grease to find the best life insurance rates for marijuana users, but independent agents like ourselves have access to the complete life insurance market which makes it easy.

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

If you have any questions or need further assistance, please don’t hesitate to call us at 815-390-7545 for a prompt response.