This is often a tricky question, but when it comes to Marijuana use, everything is tricky from its legality to finding a medical marijuana merchant account for your medical marijuana dispensary. According to the latest reports, 18 States in America along with Washington DC have allowed the medical use of marijuana but it is still outlawed under the federal law. This adds to the confusion for users of medical marijuana about many related questions, including if they can get a life insurance or not for using marijuana.
To be true, many insurance companies are still confused how to go about the new legality of marijuana in 40% of the States in America. This is a common scientific fact now that marijuana has medical benefits, the reason why it is now legal in many states. Today, the use of medical marijuana is becoming more and more common in United States, something that most life insurance companies were not prepared for.
So what are the scenarios for a person using medical marijuana when it comes to getting life insurance? There may be multiple answers. First, you may run into the company that simply will not allow you to get life insurance for smoking marijuana. These companies are still living in past or don’t know about how to get around the new laws related to legality of medical marijuana in many states.
Some of the other companies may look good for getting life insurance, but they will ask you to pay more for your life insurance as they put you under the category of smokers. In such cases, if you are tested positive for THC, they will not reject your application but you will ask to pay more as a smoker even if you’ve never smoked a cigarette in your life. For these companies, smoking cannabis even for medical use is enough to make you pay higher rates designed for cigarette smokers.
The third and most proactive insurance companies are well aware of all the legality and news related to medical marijuana and they allow you to get life insurance very easily. To find such insurance companies, you can also visit online medical marijuana dispensaries where you buy your medical marijuana, that will share that information with you. With the resolution of medical marijuana merchant accounts, hundreds of online medical marijuana dispensaries are selling medical marijuana online and provide useful information about all the related topics.
The problem with the third type of insurance companies is that they do not have standard laws related to marijuana use. They all have different set of terms and conditions for the cannabis smokers so you need to explore these insurance companies to find the one that best suits you and your lifestyle. For example, American General only allows you to smoke twice a month otherwise your rates will be increased as a regular smoker. Columbus Life provides you with a life insurance based on drug tests. If it is for medical use, you can get a better rate but if heavy use is proved, you will be declined.
In a nut shell, getting a life insurance on normal rates is possible but the choices are limited. So you need to dig into details before getting life insurance from any renowned insurance company.