A Guide to how our Carriers underwrite Life Insurance for Cannabis users
With a growing trend toward the legalization of Marijuana use for medicinal and recreational purposes,
…we are seeing more cases submitted for applicants who willingly admit to its use. The good news is that many of these cases can be underwritten standard or above at non-tobacco rates.
The critical factors are:
Admission to marijuana use on the application
Method of consumption
Age of applicant
Frequency of use
Underwriting guidelines vary from carrier to carrier.