When you have life insurance in your financial portfolio, you can much better ensure that those you love and care about will be protected regarding being able to pay their continued living expenses, as well as for paying off any debts that you leave behind.
Applying for life insurance coverage will typically require that you provide information about yourself, your health, and your activities to the insurance company’s underwriters. That way, they can better determine how much of a risk you may be to take on for insurance coverage.
Some of the key pieces of information that the life insurance company will need include your age and gender, as well as whether or not you are a smoker – regardless of whether you smoke cigars, cigarettes, and / or marijuana.
Can Smoking Marijuana Have an Effect On Your Application for Life Insurance?
While smoking marijuana can have an effect on your application for life insurance, doing so does not mean that you won’t be able to secure the coverage that you need. In many instances, life insurance companies will put the recreational use of marijuana on the same or a similar level as the smoking of cigars or cigarettes.
Likewise, those who smoke marijuana on a more frequent basis may end up paying a higher amount of premium for coverage than those who smoke it only occasionally – all other factors being equal. This is because cannabis can contain certain carcinogens which, if ingested on a more regular basis, can be associated with various health conditions such as lung cancer, as well as cancers of the esophagus, pharynx, and / or the oral cavity.
What Will the Insurance Company Want to Know?
Applying for life insurance will typically require that you fully complete an application for coverage. On his application, the insurance company will usually want to know about general information, such as your age / birth date, gender, height, weight, health history, medications taken, and family health history.
As a marijuana smoker, the insurance company will also typically want to know more in-depth details, such as:
- How long you have been smoking.
- How frequently you smoke.
- How much you smoke on a regular basis.
- Whether you have any health conditions – particularly those that may be caused by or related to your marijuana smoking habit.
In addition, in most cases, you will be required to take a medical examination as a part of the life insurance underwriting criteria. During this exam, a blood, and a urine sample will be taken from you – and these can reveal that you smoke marijuana. Though there are options out there that do not require a medical exam for life insurance coverage.
With that in mind, it is essential that when you are applying for life insurance coverage, you reveal the fact that you smoke marijuana. Otherwise, if it is determined later on that you provided inaccurate information – or that you omitted certain details – on the application, your coverage could be canceled, in turn, leaving your loved ones without the financial protection that they may require.
What If You Don’t Qualify for a Traditional Life Insurance Policy?
If you do not qualify for a traditional, medically underwritten life insurance policy due to health or other reasons, it is still possible to obtain coverage. This can be done through a guaranteed issue life insurance policy.
With this type of life insurance coverage, an applicant cannot be turned down – regardless of his or her health or medical condition. It is just simply required that you pay the policy’s premium – and, once you have been approved, the insurance company generally cannot cancel our coverage, other than due to lack of premium payment.
While a guaranteed issue policy may demand a higher premium than that of a traditional policy, it can provide you with the insurance protection that you need, and the peace of mind that you and your loved ones deserve.
Is Your Information Private when You Apply for Life Insurance as a Marijuana Smoker?
In some cases, it may seem a bit uncomfortable to reveal on an insurance application that you smoke marijuana. However, it is important to know that your information will be private. In this case, insurance agents are not allowed to report you to your employer and / or even to law enforcement.
In addition, your “personally identifiable information is ensured by the Health Insurance Portability and Accountability Act or HIPAA. This Act protects all of your medical information in that no one is allowed to access such details without prior written consent from you.
Different Insurers May Look Differently on the Use of Marijuana
While insurance companies will typically have certain guidelines regarding the use of marijuana on applicants for coverage, not all insurance carriers will underwrite their applications for coverage in an identical manner.
For example, all insurers can have differing standards for approving an applicant for coverage – some being more lenient, and others rejecting any applicant who uses drugs. Therefore, it is important that you shop and compare the policies of several different insurance companies before making your ultimate purchase decision.
Doing so through an independent life insurance agency or brokerage can often yield you the best, and the fastest, results. This is because independent insurance brokerages will usually work with multiple insurance carriers, and can give you a side-by-side comparison of the coverage and the premium rate. From there, you will be able to determine which will be the best option for you.
Where to Find the Best Life Insurance Rates for Marijuana Smokers
If you are a marijuana smoker who is looking for the best premium rates on life insurance coverage, we can help. That is because we work with many of the top life insurance carriers in the marketplace today, and we can assist you in getting all of the key details that you need. We can do so quickly and easily – all from your computer – and without you having to meet in person with a life insurance agent. When you are ready to proceed, just simply take a moment to fill out the form on this page.
Should you find that you still have any additional questions or concerns about finding life insurance for marijuana smokers – or, even if you just have a question about life insurance in general – please feel free to contact us directly via phone. We can be reached, toll-free, by dialing 888-229-7522.
We understand that the purchase of life insurance is a big decision. But, when you have an ally on your side who can provide you with the information that you need for securing coverage quickly, it can make the process that much better. So, contact us today – we’re here to help.