Life Insurance for Marijuana Users [Ultimate Guide]

At Marcan Insurance, we specialize in one thing: We help marijuana users get approved for life insurance at the lowest rates. 

Marijuana is still illegal at the Federal level. Therefore many insurance companies do not want to have marijuana users as clients. However, there are a handful of companies that are perfectly ok with marijuana use.

In fact, you can even get a company’s best (meaning lowest) rates if you use marijuana. The key is to work with a specialist, like Marcan Insurance, that can help you navigate the world of insurance. 

There are many myths concerning marijuana and life insurance. A general insurance agent may not be aware of which insurance companies are best for marijuana users. Therefore you may get declined or pay too much.

We have over 10 years of experience working with insurance companies. We will help you apply with a marijuana-friendly company.

It’s important to note that we do not work for the insurance companies. We work for our clients (hopefully you). We will do everything in our power to help you get the insurance you need at the lowest cost for your home or business.

Insurance rates are set by the companies. You will not find a lower cost on any website or another agent for the same policy. Therefore, let us do the shopping for you. This will help you save time and money on your life insurance policy.

Let’s get the most frequently asked question out of the way first:

Will you get in trouble for admitting marijuana use to an insurance company in a state where Cannabis is not legal? 

Answer: NO. 

If you apply with the wrong insurance company, you may get turned down for coverage or pay higher rates than necessary. But, you will not get in trouble for admitting marijuana use.

What you discuss or admit to the insurance company is entirely private. Your boss won’t find out. The police won’t find out. Your spouse won’t find out. Your privacy is protected by the HIPAA privacy laws

Therefore stop procrastinating on getting insurance put in place for your family. The longer you wait, the more expensive it gets. Life insurance cost is based on your age when you apply. 

The higher your age, the more expensive the premiums. Also, the longer you wait, the higher change of an illness or accident happening which could affect your premiums.

Should You Lie About Your Marijuana Use on the Life Insurance Application?

Life insurance liar

There is no need to hide your marijuana use from the insurance company.

Much like your parents probably told you; Lying is never a good idea! The whole reason people buy life insurance is to protect their loved ones if something unexpected happens.

Why risk a life insurance policy paying out because you lied on the application. Life insurance is bought to provide Peace of Mind. You won’t have peace of mind with lying or fraud on your application. 

You can speak to use confidentially about your situation and we will provide sage advice. We will point you in the right direction and guide you to the one company that will be best for your situation.

Life insurance policies have a 2 year contestability period. This means that they will research any death much more thoroughly in the first 2 years of taking out the policy. 

If there is a death and the life insurance company finds out that you forgot to tell them about the heart attack you had last week, they could deny your claim. They will research your medical history and details you put on the application. They could even research your marijuana use after death.

If you are a chronic marijuana user and that was not disclosed on the application, it could be an issue.

There is no reason to hide your marijuana use. Contact us and we’ll make sure you apply with the best and lowest priced company for your situation.

Recreational versus Medicinal Marijuana Use

There is a difference in underwriting if you use marijuana for fun and need life insurance.  Recreational users will be rated based on the frequency of use. Someone who uses marijuana 1 time per month will receive a better rating than someone who uses it 1 time per week. 

Medical Marijuana

If you use marijuana to treat any medical conditions, the rating will depend on the condition being treated. You can still get quotes on this site. If the condition is very mild, use “Preferred”. If it’s a more moderate condition, look at “Regular” Rates.

There are also 10 ratings below “Regular”, which are not shown on the quoter. With any health conditions, it’s best to reach out to us so we can help determine which company and pricing to use.

To get an idea of life insurance cost, use the INSTANT QUOTES calculator on this page.

Following is a table to provide an idea of which rating and company to use based on the frequency of use. For smoker/tobacco, check “No”. 

Marijuana FrequencyCompanyRating
1 use/monthLincoln FinancialPreferred Plus
1 – 2 uses/weekLincoln FinancialPreferred
2 – 3 uses/weekPrudentialRegular Plus
4 – 6 uses/weekLincoln FinancialTable B to D*
Daily UseGlobal AtlanticStandard*

*These rates are not available in the INSTANT QUOTES form. Please call us to get pricing.

The ratings shown above reflect marijuana use only. If you have any health issues or take any medications, those will affect your rates also. Contact us with the specifics of your situation. We’ll guide you to the company most likely to offer the best rating/lowest cost on your life insurance.

Will Getting Quotes from 10 Different Websites Help You Save Money?

life insurance quotes from different websites

Don’t waste your time going to 10 different websites.

When you apply for life insurance, you are approved at a certain health rating. The better the rating (more healthy), the lower the cost of insurance.

It’s important to note that no agent can guarantee the price you will pay for insurance before you apply.  Many consumers will go to several different websites hoping to get a lower quote for their insurance.

This is a complete waste of time. Quotes are a very rough estimate and often are nowhere near the actual cost of the insurance.

When you apply for life insurance, you will be approved at one health class out of 14 different health classes. Each health class pays a different cost for the same policy.

The premium could vary by a $1,000 or more between the highest and lowest health class. How will you or the agent know exactly what your health history is, how the insurance company will rate your history and therefore what rate you will be approved?

We see it all the time where an agent will quote the lowest price for a policy. Then the client has to pay twice as much after going through the underwriting process.

The better way is to work with an agent who is going to ask some preliminary health questions ahead of time. Then they will have you apply with the one company that is likely to be the least expensive for your situation.

Rates are set by the insurance companies so you won’t find a lower rate for the policy that we get you approved with.

Do Marijuana Users Pay Smoker Rates for Life Insurance?

You should not pay a smoker rate for your life insurance if you use marijuana. If you are paying smoker rates, call us right away. We’ll help you apply with the right company to save money.

Now if you are a tobacco user, you will pay smoker rates. However, this is due to the tobacco; not the marijuana.

How to Save Money on Your Life Insurance with Marijuana Use

This might be obvious, but work with a specialist who knows the industry inside and out. Hint: Marcan Insurance.  🙂

We can help advise you on some other ways to save money. Life insurance covers many different needs. After a quick conversation, we will point you in the right direction.

Representing over 70 different insurance companies gives us a huge advantage over other agents. Most other agents represent 1 – 12 companies. With our extension selection, we’ll match you to the best company for your particular needs.

You can easily check life insurance rates by using the INSTANT QUOTES form on this page. If you need additional help, contact us and we’ll get to work for you.

What Type of Life Insurance is Best?

This will also depend on why you are getting life insurance. Are you getting it to protect a spouse or children? Need life insurance for a business reason? Looking to build tax-free wealth with life insurance?

Life insurance is one of the most versatile financial products in existence. It’s the only product that you can pay a $50/month premium and be guaranteed that your family will get $500,000 in a tax-free death benefit if something unexpected happens. 

Term life insurance is going to be the least expensive, but will not build up tax-free cash. Whole life or Indexed Universal Life Insurance are the ones to use for accumulating tax-free wealth.

Unless you deal with life insurance every day, the options can be confusing. We will help you choose the right policy for your needs. The company will also be a marijuana-friendly if you like to indulge on occasion.

Life Insurance Application Process

This is another area that we get a ton of questions about. Let me answer a few basic questions for you.

Do I need to abstain from Cannabis use? 

No. You will be asked about your use on the application. As long as you put it on the application, you don’t have to stop using it. 

What happens if I test positive for THC? 

As mentioned above, it’s ok. The insurance companies (that we use) don’t necessarily test for THC.

Do I have to take an exam?

There are some no exam options. There are also some companies that don’t ask about marijuana use.

However, to get the lowest rates, you will take an exam. It’s really not a big deal. It’s paid for by the insurance company. They will send a nurse to your home or work to collect a urine and blood sample.

If you are concerned about this, contact us. We’ve coached 1,000s of people through the process. It’s really not something to worry about.

What is the process?

  1. Complete the application online or over the phone. Application type depends on the company we apply with.
  2. Take your exam, if necessary.
  3. We’ll let you know when your policy is approved and/or if more information is required.
  4. We’ll get your policy to you. Then you’ll complete the delivery requirements online or by mail/email. (Depends on company).

You can learn more about the life insurance exam and marijuana here.

Declined for Life Insurance? We can help.

Many clients come to us after they have already been declined by an insurance company. A decline could happen for several reasons:

  • The other agent did not have you apply with the right company.
  • You may have a health issue that came up in underwriting or your medical records.
  • You forgot to disclose something on your application.
  • Your Motor Vehicle Report shows a marijuana DUI or similar incident.

Don’t give up hope. We have helped many clients get approved for life insurance that were previously declined due to marijuana or another reason. It takes a little more work, but it’s worth it to have life insurance in place for your family.

The important thing is that you tell us the details of what happened. Sending us your lab results from the last company will often help.

If we determine that a traditional life insurance company won’t approve you, we have other options. There are guaranteed issue options that will approve anyone. Accidental death coverage might be a good option as well.

Bottom Line

Marcan Insurance is your advocate for obtaining life insurance with marijuana use. We will put our decade + of experience to work for you. You don’t pay more by working with us. We are on your team and will save you time and money. Contact us today and get Peace of Mind.