Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Every life insurance policy that requires an exam has certain markers that are checked for in the blood and urine tests. Drugs are one of the big factors that carriers look at when reviewing results.
You may not necessarily be declined for the use of certain drugs, but its always best to be upfront with the carrier about usage and history (in short, it looks like a big red flag to them if you're intentionally hiding something and it's discovered during underwriting).
Great question! Like Jason mentioned above, depending upon the size and type of the policy that you are applying for, the insurance company may test you up front. Almost all policies will ask you if you have an issue with drugs or alcohol, and falsifying your answer will void your policy. Honesty is always the best choice, and you should be aware that many policies ( and I'd bet State Farm's are the same) have a clause that denies your coverage if it is determined that illegal drugs or intoxication were involved in your death. It would really be a shame to pay on a policy for years only to have your claim denied. Thanks for asking!
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
When an insurance company requests a blood profile they have the capability of determining the presence of certain drugs in your blood. This would include prescription drugs and recreational drugs. There will be normally be a questions on the application about drugs so even if there isn’t blood drawn drug use will probably be revealed.
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You may not necessarily be declined for the use of certain drugs, but its always best to be upfront with the carrier about usage and history (in short, it looks like a big red flag to them if you're intentionally hiding something and it's discovered during underwriting).