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Life Insurance for Marijuana Smokers


Transcript
Hello. This is Liran Hirschkorn, from ChooseTerm.com. Today, I want to talk
to you a little about life insurance for marijuana smokers. Chances are if
you found this video, you might be one of the 20 million Americans that may
smoke marijuana at least once a year. You might do it for recreational or
medicinal reasons, and wondering, ‘Can I get life insurance if I smoke
marijuana?’ The answer is if you smoke marijuana for recreational reasons,
chances are you can get approved. If you smoke for medicinal reasons, it
really depends on the reason why you are smoking it, what the issue is, and
then based on that, the insurance company will determine if you can get
approved or not.

For recreational smokers, most companies will approve you, but will approve
you at smoker rates. What does that mean? That means that although you do
not smoke traditional tobacco, like cigarettes, you are going to be paying
smoker rates for smoking marijuana. That means that your policy will cost
about 4 or 5 times more than what a non-smoker policy would cost. The good
news is, depending on the amount that you smoke; there are a handful of
companies out there that will potentially give you non-smoker rates. At
ChooseTerm.com, we work with you to find out a little bit about your
smoking habits, to see if we can match you with a company that will give
you non-smoker rates, and in turn, save you a lot of money.

Let us talk a bit about some of those companies. American General, for
example, can give you up to Preferred Best Non-tobacco, even if you smoke
once or twice a year. If you smoke more than that, perhaps once or twice
weekly, you can still potentially get standard non-smoker rates. Other
companies like Lincoln National, MetLife, Mutual of Omaha, and Prudential
are all companies that might be more friendly towards someone that smokes
marijuana, and potentially give you non-smoker rates. We would have to look
at how many times you smoke, how often, some of those companies require
that it does not show up on your urine test, and some of those companies,
if it does show up, the levels have to match with what you said.

The key is to be honest and upfront with your agent and on your application
for a couple of reasons. One, if you say that you are not a smoker and
marijuana does not show up on your test, and something were to happen to
you within the first 2 years of getting that policy, potentially your death
benefit that your family or beneficiary would collect might be denied; that
is one. The second reason is if you want to get those favorable rates, the
insurance company is going to want to look for you to be upfront and honest
before they find out that you smoke, so that you have more credibility with
the insurance company.

At ChooseTerm.com, we work with you to find the best rate. If you smoke
marijuana, we work with these companies that can help you get potentially
non-smoker rates on your policy. You can check out our website,
ChooseTerm.com. I look forward to speaking with you about your life insurance needs. Thank you.

Author: Liran Hirschkorn

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Liran Hirschkorn

Liran Hirschkorn is the founder of Chooseterm.com. His mission is to help individuals across the country in finding the best rates on life insurance as well as helping individuals with high risk life insurance.

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