February 18th, 2012 | Author: Mitch Reynolds

Can You Buy Life Insurance If You Smoke Marijuana?

Many Marijuana Smokers Qualify for Standard Smoker Premiums for Life Insurance

The majority of people in Canada who smoke marijuana just do so occassionally. In this video I want to explain to you the difference between casual/recreation marijuana use and habitual marijuana use when buying life insurance. Life insurance companies take a very different view-point of the risk you present the company depending on how much marijuana you smoke on average.

For those who only occasionally use marijuana, like 2 to 3 times per week, they will just be treated like a standard smoker (assuming no other medical conditions). Habitual marijuana users will not be looked on so favourably. I think there are many reasons for this. The old argument that marijuana use is a gateway drug to harder substances is a factor once a person is using it very regularly. Also, there is a stereotypical lifestyle that is associated with habitual marijuana use that is not very healthy. But, I think the biggest factor is the hard evidence that people who regularly smoke marijuana do have much higher instances of health problems and an unhealthy socioeconomic standard of living.

Even though this might not be you, the insurance company is looking at broad statistics, and any risks you bring, be they lifestyle choices or health problems, are evaluated on the average or most typical outcome. So, your choice to smoke marijuana, either occassionally or regularly, with result in either standard smoker premiums or an increased premium (and even a possible decline if you smoke a lot).

Marijuana users can get confidential insurance advice

I hope you find this video helpful. And, as always, if you would like to speak with a qualified insurance broker about whether or not you could qualify for life insurance, please contact us. We can give you private and confidential advice about your insurance planning considering your marijuana use.

The video was produced by Life Guard Insurance and posted by +Mitch Reynolds. If you found the video interesting or it made you think, please feel free to share your comments below. Liking us on Facebook, giving us a +1 on Google or Tweeting this video about buying life insurance when using marijuana would be very much appreciated.