As many states in the U.S. now allow the use of marijuana for recreational and medicinal purposes, parents and young adults are buying THC (tetrahydrocannabinol) products to alleviate depression, stress, and anxiety. But the bad news is that despite these benefits, marijuana affects the growth and development of the brain in the long haul. It leads to memory loss, breathing problems, nausea, and mental problems. However, that does not mean you will die prematurely if you take the right quantity of marijuana. And if you are the type who uses marijuana occasionally or frequently, the following are the truths about getting life insurance with marijuana.
- Your chances of being qualified for life insurance with marijuana is high if your states allow the use of marijuana for recreational or medicinal purposes.
- You can qualify for smokers or non-smokers rates, if you are a medical user, depending on the life insurance companies you applied to.
- Unless you want a no-medical exam life plan which is more exorbitant, life insurance underwriters will want you to take a medical exam to confirm your THC levels and your health condition.
- Life insurance underwriters will also want you to answer some health questions such as how often do you use marijuana, do you have any symptom of an overdose, your current health condition, and your family history.
- You need to disclose your marijuana usage and answer all the questions honestly so that your insurer can provide the right quotes for you. If you lie and life insurance companies find out, you will not get the agreed benefits and your policy will be terminated.
- Anything you tell life insurance companies is well-protected under the HIPPA laws, and they will not disclose the information to law enforcement agencies to use it to prosecute you.
- You can get the most affordable life insurance with marijuana in the marketplace if you hire an independent life insurance broker