Medical Underwriting

Marijuana and life insurance

  • Since the legalisation of cannabis in 2018, insurers have relaxed their rules regarding it’s use.
  • Even if you smoke rather than ingest marijuana, you will not be considered a “smoker”. Smoker means tobacco.
  • Most insurers will still offer standard rates for those who use recreationally up to 2-3 times per week. Anything more than that and you’re looking at a higher premium.
  • Not all carriers are equal. Some are more lenient than others. We can shop around for you.

CBD and life and insurance

  • CBD, short for cannabidiol is one of two main compounds found in cannabis. The other being THC.
  • CBD has some health benefits and unlike THC does not produce a high.
  • As of early 2020, CBD use is so new that insurers really don’t know how to classify it and its risk; if any.
  • Daily users will usually be classified under the same category as daily THC users. This is not favorable and will lead to increased premiums.
  • Bottom line: use a broker to shop around if you use CBD daily.
  • Some carriers may offer standard rates.

BMI | Tobacco | Most Common Health Conditions/Diseases

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