If you use marijuana by-products and you have a prescription for medical marijuana, you can qualify for burial insurance with medical marijuana use. Even with other health issues, you can still qualify for burial insurance regardless of your medical marijuana use.
If you’re a recreational marijuana user, you can also qualify for life insurance. With an increasing number of U.S states legalizing marijuana for medical use, the insurance industry has become more lenient over the years. Insurance coverage is now available even if you live in a state that has not yet legalized marijuana for medical or recreational use.
Some insurance companies will even offer a non-smoker rate to medical marijuana users. The key is to apply with the right life insurance company (don’t worry…we can help you find companies offer the best life insurance rates for medical marijuana users)
This article will explain how insurance companies view the use of medical marijuana and the key on how to get affordable burial insurance for medical marijuana users.
CAN YOU QUALIFY FOR LIFE INSURANCE IF YOU USE MEDICAL MARIJUANA?
YES! You can qualify for burial insurance even if you use marijuana by-products or you have a prescription for medical marijuana to treat a medical condition.
Life insurance is even available for cannabis users with or without a prescription. If you happen to be a recreational marijuana user, there are plans available for you where you don’t have to disclose your marijuana usage.
Regardless of the reason why you use marijuana, you can still qualify for life insurance. The key is finding the life insurance carrier that looks favorably to marijuana users.
All life insurance companies look at marijuana users differently. Some insurance companies are still very conservative and they will automatically decline marijuana uses. However, as marijuana is being legalized in many states for medical and recreational use, many life insurance companies are becoming more accepting of marijuana users.
And, the best thing…
Most marijuana users will qualify for burial insurance without a medical exam. We know one insurance company that doesn’t even ask about marijuana use on their health questionnaire (let us know if you need help with this).
WHY DO INSURANCE COMPANIES CARE IF YOU USE MEDICAL MARIJUANA?
Medical marijuana comes in different forms such as marijuana plant material, tincture, capsules, vapes, balms, lotion, and CBD oil.
Marijuana is used to treat common health conditions including:
- Anxiety disorder relief
- Chronic pain relief for a headache, back injuries, and arthritis
- Nerve pain relief for those with diabetes, spinal cord, and other injuries and conditions
- Relief from nausea for cancer and AIDS patients
- Reducing tremors for those with Parkinson’s disease
- Reducing seizures for those with epilepsy, Dravet and Lennox-Gastaut Syndrome
- Providing relief for Crohn’s disease
- Controlling spasms and stiffness for those with Multiple Sclerosis
- Ease symptoms of PTSD
- Reduce pain for those suffering from Lupus
- Slow the progression of Alzheimer’s disease
- Improve sleep
Marijuana can treat a lot of symptoms, and it will likely increase as more research is done.
If your symptom arises from something like cancer, epilepsy, arthritis, high blood pressure, or other diseases which resulted in your need for a medical marijuana prescription, you’ll need to find out if you will qualify for final expense life insurance with any underlying disease or medical conditions first, not just the marijuana use resulting from your symptoms.
It’s the medical condition that it is treating which is the bigger concern of insurance companies rather than your marijuana use (because some medical conditions can reduce life expectancy). Your medical marijuana to treat anxiety is not going to be viewed the same as your cancer diagnosis. The insurance company will always consider the nature of any medical condition before deciding to approve your application.
When considering burial insurance with medical marijuana, many marijuana applicants get excited that they can get life insurance as a marijuana user but forget the cause of why they are prescribed medical marijuana in the first place.
WHAT INFORMATION DO WE NEED IF YOU USE MEDICAL MARIJUANA?
When applying for burial insurance with medical marijuana, it is critical to disclose any current or past medical or health problems. This information will help us understand your current health and will enable us to provide you with an accurate quote.
Here are some questions we may ask to help you find the best insurance company and rates:
- Do you use cannabis for recreation or is it medically prescribed?
- How long have you been using medical marijuana?
- Do you have a marijuana card?
- How many times do you use medical marijuana?
- What is your method of use (smoked, ingested or inhaled)
- What medical condition is being treated by medical marijuana?
- When were you diagnosed with a medical condition?
- Do you use other drugs aside from cannabis?
- Have you been hospitalized because of illegal drugs?
- Do you use tobacco products?
Answer each question honestly. We need to know more information about your marijuana use so we can place you with the right insurance company that will look at you favorably and offer you the best-priced policy.
UNDERWRITING BURIAL INSURANCE WITH MEDICAL MARIJUANA
Every final expense insurance company with underwriting will ask health questions and conduct a prescription history check to verify your health.
Some insurance companies will ask about marijuana use this way:
- Other than prescribed by a physician, have you ever used marijuana, stimulants, narcotics, sedatives, hallucinogens, or any prescription drugs?
If you answer yes, please provide us with the name, frequency, amount and the length of use and the date last used.
When you see the marijuana use question, do not lie. Lying on the insurance application is FRAUD, and you run the risk of losing your death benefits. Always answer the application questions honestly.
The amount of medical marijuana you consume and the frequency of use may be considered by insurers when determining how much you’ll pay for coverage and if you will have a waiting period.
IMPORTANT: Don’t worry about disclosing your marijuana use when applying for a life insurance policy. Your rights are totally protected under the HIPPA laws (Health Insurance Portability and Accountability Act 1996) and will never be released to law enforcement or public officials.
HIPPA guarantees that the information you disclose on your application is strictly private and confidential.
HOW MEDICAL MARIJUANA AFFECT LIFE INSURANCE
Medical prescriptions for marijuana are allowed in some states. If you have a medical marijuana card, it’s because it is legal in the state you live in. Because it is legal, there are no legal issues when it comes to the law enforcement agency and qualifying for life insurance.
Medical marijuana use is common for some medical and psychological conditions. If you have a marijuana prescription, the insurance company may want further information about your medical condition.
There are different forms of medical marijuana prescription including the following:
- Marijuana plant material
- Oral sprays
- Dermal patches
If you have a medical marijuana card, the insurance company will look at two things:
- The medical condition being treated by the marijuana
- Your other health conditions
It is not the marijuana use that plays a major role in underwriting, but the reason for your marijuana prescription. The type of medical condition being treated by marijuana is more important because it can impact the amount you will pay. Other health conditions such as high cholesterol or blood pressure levels, diabetes or obesity can also impact how your plan eligibility and pricing.
The major factor in getting approval and getting the best rates is to apply to a marijuana-friendly life insurance company. The best way to do this is to work with an independent life insurance agency that represents multiple companies.
RECREATIONAL MARIJUANA VERSUS MEDICAL MARIJUANA
Recreational and medical marijuana use is allowed in a few states. Several insurance companies offer non-smoker rates for those who use marijuana medically or recreationally.
Your marijuana use depends on two factors:
- How often you smoke, consume or vape marijuana
- The last time you used marijuana
Some insurance companies will consider you a smoker if you have smoked marijuana within the last year.
What is the difference between recreational marijuana and medical marijuana users? The major difference between the two is the medical condition being treated by medical marijuana. Your underlying health and medical conditions will determine how much you pay and if you will have a waiting period.
DO YOU NEED TO DISCLOSE YOUR MARIJUANA USE?
You are not obliged to disclose your marijuana use if the insurance company does not ask about it. Some companies never ask about marijuana use; generally, they will only ask about your health and any medical conditions you have had in the past.
If the insurance company asks about marijuana use, answer it honestly – do not lie. Tell them about your marijuana use, including the amount you use and the frequency of usage. Lying on an insurance application is fraud, and you run the risk of losing your benefits if you are dishonest on your application.
RIGHTS OF A MARIJUANA USER
A valid concern of most marijuana users is privacy. They worry that admission to using marijuana can lead to exposure to the possibility of arrest.
You will not get in trouble with the law for admitting marijuana use on your life insurance application.
If you use medical marijuana, your insurance agent cannot report you to your employer, family or law enforcement agency. You are fully protected when you apply for life insurance.
As a marijuana user, your rights are protected by the HIPPA law (Health Insurance Portability and Accountability Act 1996) which guarantees the privacy of individually identifiable health information.
HIPPA protects all your medical information. Nobody can access your medical records without prior written consent from you. Your insurance agent, your doctor, or anyone directly related to your health information cannot disclose your records without your permission.
POLICY OPTIONS IF YOU ARE A MARIJUANA USER
It’s important to understand that medical marijuana users may be approved for non-smoker level death benefit depending on the medical condition the marijuana is treating. If you are using marijuana to treat a minor health condition and you are otherwise healthy, you can qualify for a level death benefit.
If you are a recreational marijuana user and you use marijuana infrequently, you may qualify for non-smoker level death benefit. Your frequency of use affects the amount of your premium and the type of plan you will be eligible.
LEVEL DEATH BENEFIT
A level death benefit is the best rate class for burial insurance. This is great because you will pay the lowest possible premium on your life insurance and your coverage starts on the first day. You will have no waiting period on your plan. Your beneficiaries will receive your full death benefit when you pass away for any reason.
It is important to note that whether or not you will qualify for level death benefit if you’re a marijuana user entirely depend on the individual company. Every life insurance company is different, and they have a different underwriting requirement. It is best to seek expert advice from an independent life insurance agency about your specific case.
GUARANTEED ISSUE BURIAL INSURANCE
If you use medical marijuana to treat a severe medical condition, you will be declined for a traditional life insurance policy, but there is another option. You can apply and receive approval for a guaranteed issue burial insurance even if you use marijuana to treat a severe medical condition.
Guaranteed acceptance policy does not have any underwriting and doesn’t ask about marijuana use or your medical condition. Guaranteed issue burial insurance cost a bit more than the level death benefit, but you could be approved for coverage as quickly as 15 minutes.
If you are a U.S. citizen between 50 and 80 years old, you can easily qualify for this plan.
Since you are a medical marijuana user treating a severe medical condition like cancer or epilepsy, GI policy is an excellent choice for you since they don’t ask about health questions or marijuana use. Most insurers offer this plan to higher risk applicants or those who are in good health but don’t want to undergo a medical exam.
Guaranteed issue policy has a two-year waiting period for a natural cause of death. The policy will pay for accidental heath if you pass away during the waiting period. After the first two years, it will pay full death benefit for any cause of death.
If you pass away during the first two years as a consequence of any medical issues, your beneficiaries will receive all your premiums plus 10% interest.
Plans that you should AVOID (commonly advertised Guaranteed Issue burial insurance in TV and magazines):
- Increasing premium – many of these life insurance companies offer premium increase every five years. A real guaranteed issue burial insurance had a fixed premium and guaranteed to remain the same throughout the life of the policy.
- Policy termination after age 80 – some policies end when you reach 80 years old. Guaranteed issue life insurance is a whole life insurance policy that lasts a lifetime.
- 3-year waiting period – Avoid these plans at all cost. The best-guaranteed acceptance life insurance has only a two-year waiting period. It is important to work with an independent life insurance agency that will prevent you from being tricked into agreeing to buy a guaranteed issue life insurance with a 3-year waiting period.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with a medical marijuana use needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history of medical marijuana, let us help you; we will work with you side by side to find a plan that fits your needs.
We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.
We will shop your case to different insurance carriers and get you the best price.
We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies to get the best rate. We will match you up with the best burial insurance company that gives the best rate.
We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for medical marijuana funeral insurance, or medical marijuana burial insurance, or medical marijuana life insurance, we can help.
Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.