How Life Insurance Companies Address Cannabis Use

Life Insurance Companies

It’s normal for you to have to undergo a medical exam before an insurance company will issue you a life insurance policy. Though it helps them protect their assets, it can also work in your benefit. The healthier you are, the lower your life insurance premiums will be. However, life insurance companies don’t just look at your overall health when deciding what to charge you. They also look at your drug use.

Understanding How It Impacts You

Though marijuana is legal in many states, both for medical and recreational use, it’s still frowned upon by the life insurance industry. That said, life insurance and cannabis use aren’t mutually exclusive. As long as you’re honest about your cannabis use on your application for coverage, your life insurance company should be willing to work with you. These are a few things you should mention during the application process:

  • Frequency of use
  • Reason for use
  • Any other underlying health conditions

Insurance providers will consider your full medical history before issuing you a policy.

How They’ll Test

Typically, insurance companies will expect you to undergo a blood or urine test as part of your health screening. If you used cannabis recently, it will show up on the screening. You’ll likely end up paying a higher premium for your policy, but should still be able to get coverage as long as you’re honest about your usage and you’re otherwise in good health.