Can I Get Life Insurance If I Use Medical Marijuana?

I am a card-holding medical marijuana user living in Colorado. Will a life insurance company decline coverage or raise my rates because of the marijuana usage?

  1. 63333 POINTS
    Contact Me
    Peggy Mace
    Most of the U.S.
    Yes, you can get life insurance if you use medical marijuana. If you are purchasing a medically underwritten policy (one that requires an exam and medical records), the reason for needing the medical marijuana will enter into your rating and price. You will also most likely be charged smoker rates.
    Answered on February 11, 2014
    +1
    1 Thumb up 0
    +1 this answer
    flag this answer
  2. 0 POINTS
    Mack Dudayev
    CEO, InsureChance Inc,
    You can easily get life insurance coverage  but most companies will classify the premiums as a smoker. There are however more than few companies that will provide non smoker rates based on frequency. In order to work with the carrier to get the non smoker rates it is important to have your marijuana legally prescribed.
    Answered on February 12, 2014
    flag this answer
  3. 5877 POINTS
    Stan Cox II
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    Absolutely you can implement life insurance as a medical marijuana user! Medical marijuana may be used in a variety of ways. If you do in fact smoke it, you may well get a "smoker" rating, which isn't all that big of a deal in terms of premium pricing. It is a higher priced rating that non-smoker, but not a huge difference. If you ingest the buds or the oils then the smoker rating won't apply...unless of course you use tobacco.
    Answered on July 2, 2015
    flag this answer
    4. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>