Blog

Should You Buy Term or Whole Life Insurance (420 Friendly Edition)

Should you buy term or whole life insurance? That is one of the first questions you should answer when looking into cannabis friendly life insurance. The good news is that since there are only about a dozen companies who insure recreational cannabis at reasonable rates, you don’t have the overwhelming 800+ life insurance companies to…

do life insurance companies test for THC after you die

Will Life Insurance Companies Test for THC After Death?

The short answer is sometimes. For the most part, it’s unlikely a life insurance company will test for THC after death. If the medical examiner performs an autopsy on your body, there will always be a toxicology report. Toxicology reports screen for drugs, including THC. This doesn’t happen to everyone. If you die of natural…

Lying On A Life Insurance Application – What Happens?

White lies solve so many problems in life. As kids, we figure out that rather than admitting to that thing you did wrong, you can sometimes get out of trouble if you lie about it. It doesn’t work every time, but getting out of trouble 30% of the time is still better than getting in…

Life Insurance Health Ratings & How They Affect Price

Some things are unavoidable. If you suffered a heart attack 5 years ago, you can’t change that. Although you can take steps to improve your health and look better to underwriters than someone who just kept on doing whatever they were doing. Every ailment affects your life insurance rates differently. When you apply for life…

Denied For Life Insurance Because Of Drug Use? (Do This)

Life insurance companies routinely drug test as part of the life insurance medical exam. Plus, they test for virtually everything. Regardless of what you take, you still run the risk of getting denied for life insurance because of drug use. The good news is that this does not mean you are barred from life…

How to Pass the Life Insurance Medical Exam (15 Tips)

You just scheduled your life insurance medical exam. It’s a week or two away, so you think you have some time to prepare to get the best rates possible on your life insurance policy. This is a great plan! There are not a lot of things you can do in a week to change your…

How THC Impacts Life Insurance Rates [Definitive Guide]

The use of both medicinal and recreational marijuana is more popular than ever. More and more states have or are in the process of passing legislation which allows the legal use of either medical or recreational marijuana. The question of how THC impacts life insurance is becoming increasingly common across the nation. Yet many life…

buy-sell life insurance marijuana business owner

How to Get Buy-Sell Life Insurance with a Marijuana Business

It’s dangerous to skip making a buy-sell agreement in place when you have two or more business owners. Buy-sell life insurance can help fund an extra layer of protection for your business. Why is this important? Buy-sell life insurance for both or all owners will ensure the successful transfer of ownership if one of the…

collateral assignment of life insurance marijuana business owner

Collateral Assignment of Life Insurance Money: Cannabis Business

Whether you are a sole proprietor or have partners, the majority of lenders or investors require that you have a business loan life insurance policy in place before they approve your loan. This is commonly called collateral assignment of life insurance. Many people overlook the requirement for collateral assignment of life insurance until the last…