Yes, marijuana use does not disqualify you from obtaining life insurance, and the industry's approach to marijuana has evolved significantly in recent years. Many carriers now offer competitive rates for marijuana users, though the classification and rates depend on the frequency of use, the method of consumption, whether it is for medical or recreational purposes, and the specific carrier's guidelines.
Carriers handle marijuana use in different ways. Some classify all marijuana users as tobacco/smoker regardless of frequency, applying the same rates as cigarette smokers (two to four times non-smoker rates). Others have separate marijuana guidelines that treat it more favorably than tobacco, particularly for occasional users. A growing number of carriers offer non-smoker or preferred non-smoker rates to applicants who use marijuana but do not smoke cigarettes, especially for use two to four times per week or less.
Medical marijuana users are generally treated the same as recreational users from a marijuana perspective, though the underlying condition being treated (chronic pain, anxiety, etc.) is evaluated separately. The carrier will want to know the condition, the prescribing physician, and whether the marijuana use is in lieu of or in addition to other treatments.
Full disclosure of marijuana use on the application is essential. THC is detectable in blood and urine tests during the medical exam, and undisclosed marijuana use discovered during testing constitutes material misrepresentation. Honesty ensures valid coverage and allows your agent to direct you to carriers with the most favorable marijuana guidelines. A licensed agent in our network stays current on each carrier's marijuana policies and can match you with the most favorable option. All coverage is subject to underwriting approval.