Yes, Marijuana is unfortunately considered an illegal drug so you could be denied coverage. There are some plans you can get that offer guarantee issue with no health or drug questions. Unless the insurance requires a blood or urine, the company would probably never know you use it unless you tell them. However if you lie on an application and die within two years of the application as a result of a drug related incident and drugs are found in your blood stream, the company can refuse the death benefit.
If you have used marijuana in the past, or are a current user, you should engage the services of a life insurance agent that is a special risk market maker. Almost any agent will tell you they have a guaranteed issue plan or something similar, but agents that specialize in impaired risk can show you more options that are lower in cost.
There are more and more choices of life insurance for persons who smoke marijuana in a responsible fashion. Most companies will charge smoker rates, but some will rate as good as preferred smoker. Of course, even those companies can deny coverage if there have been recent driving violations due to marijuana use, or if you have had drug treatment and continue to smoke pot. Contact an impaired risk agency to find the most affordable life insurance rates with marijuana usage.
Life & Health Insurance Agent, The Tooker Agency, Riverhead NY
There appears to be a wave of reconsideration of marijuana laws across the U.S. In most cases this is in the area of medical marijuana, but many states are also taking a fresh look at recreational marijuana laws.
If you truly are only a recreational user with no other factors you should have no problem getting life insurance. If you have any treatment for addiction (alcohol or drugs), a DUI or other drug / alcohol legal problem you will have less options.
Marijuana is a topic that the industry is watching closely. It is likely that underwriting guidelines will evolve in coming years, so no matter what rate you get today it would be wise to keep in touch with your agent. There is a chance that over the next few years marijuana usage will have less of an impact on your life insurance premium.
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If you truly are only a recreational user with no other factors you should have no problem getting life insurance. If you have any treatment for addiction (alcohol or drugs), a DUI or other drug / alcohol legal problem you will have less options.
Marijuana is a topic that the industry is watching closely. It is likely that underwriting guidelines will evolve in coming years, so no matter what rate you get today it would be wise to keep in touch with your agent. There is a chance that over the next few years marijuana usage will have less of an impact on your life insurance premium.