Burial Insurance with Medical Marijuana Use

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.

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.

FOR EASIER NAVIGATION:


WHAT IS MY BEST INSURANCE OPTION IF I HAVE A HISTORY OF MEDICAL MARIJUANA USE?

MEDICAL MARIJUANA FOR MINOR HEALTH CONDITION

If you are using marijuana to treat a minor health condition and you are otherwise healthy, you can qualify for a 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 a level death benefit plan if you’re a marijuana user entirely depend on the individual company. Every life insurance company is different, and they have different underwriting requirements. It is best to seek expert advice from an independent life insurance agency about your specific case.

Best Option: Leved death benefit plan with first-day coverage


MEDICAL MARIJUANA FOR SEVERE MEDICAL CONDITIONS

If you use medical marijuana to treat a severe medical condition like a recent cancer diagnosis or terminal illness, you will be declined for a first-day coverage plan, 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 or health questions and doesn’t ask about marijuana use or your medical condition. Guaranteed issue burial insurance costs a bit more than the level death benefit, but you can 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.

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. 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.

After the first two years, it will pay full death benefit for any cause of death.


WHAT TYPES OF BURIAL INSURANCE SHOULD I AVOID?

PLANS TO AVOIDWHY?
Term lifePremiums increase after 5 years. Coverage ends after 80.
Pre-paid funeral plansExpensive
Universal lifeTied with stocks
No health questions policiesWith 2-year waiting period
Plans offering "teaser rates"$9.95 per unit plans or $1 buys $30,000 coverage
Over priced plansInsurance from TV and junk mail
Plans that accept mail-in paymentsRisky
Plans that accept Direct ExpressHigh lapse rate
Plans that accept Credit CardsHigh lapse rate


WHAT TYPE OF BURIAL INSURANCE IS BEST?

FUNERAL FUNDS PLANFEATURES
1st Day CoverageYES
Lifetime CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy To Get ApprovedYES
FUNERAL FUNDS INSURANCE BENEFITS 
Rates Never IncreaseYes
Coverage Never DecreasesYes
No Medical ExamYes
Same Day ApprovalYes
Death Claims Pay FastYes
Builds cash valueYes
Coverage Up To Age 121 Yes


IF I USE MEDICAL MARIJUANA, DO I NEED A MEDICAL EXAM TO QUALIFY FOR BURIAL INSURANCE?

You are NOT required to take a medical exam to qualify for burial insurance for medical marijuana users.

When you apply for burial insurance, you only have to answer some basic questions about your health. The application process is simple, and you don’t need to provide medical records or blood and urine samples.

You’ll get the official approval from the insurance company often within minutes!


UNDERWRITING BURIAL INSURANCE WITH MEDICAL MARIJUANA

Burial insurance companies have two ways of underwriting:

FIRST – They may ask you a series of health questions. Your answers to their questions will determine your eligibility.

SECOND – They will electronically review your prescription history to verify your health.


HEALTH QUESTIONS:

Medical marijuana comes in different forms such as marijuana plant material, tincture, capsules, vapes, balms, lotion, and CBD oil.

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.

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.


HOW MEDICAL MARIJUANA AFFECT LIFE INSURANCE

Medical prescriptions for marijuana are allowed in many states if you have a medical marijuana card. 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
  • Tinctures
  • Capsules
  • Edibles
  • Lozenges
  • Oral sprays
  • Vaporizing
  • Dermal patches

If you are using medical marijuana in any form and 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 your life expectancy.

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.


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 don’t 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 about marijuana use on an insurance application is a 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.


HOW MUCH INSURANCE DO I NEED IF I USE MEDICAL MARIJUANA?

The amount of burial insurance you should buy varies depending on your personal and financial circumstances. However, burial insurance should cover the cost of your funeral, burial, and final expenses.

The first step to figuring out how much burial insurance you need is to know your end-of-life expenses. Your funeral cost is often the biggest single expense you need to pay. Other end-of-life expenses to consider are your outstanding medical bills, living expenses, credit card bills, and other debts.

Here’s an example of a funeral cost breakdown from the National Funeral Directors Association.

AVERAGE FUNERAL COST WITH VIEWING AND BURIAL 
Non-declinable basic$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Hearse$340
Service car/van$150
Basic memorial printed package$175
Metal casket$2,500
Vault$1,495
Median Cost of a Funeral With Viewing and Burial$9,135
AVERAGE FUNERAL COST WITH VIEWING AND CREMATION 
Non-declinable basic services fee$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Service car/van$150
Basic memorial printed package$175
Cremation fee (if firm uses a third-party crematory)$350
Median Cost of a Funeral with Viewing and Cremation$5,150
Cremation Casket$1,200
Rental Casket$995
Alternate Cremation Container$150
Urn$295


HOW SHOULD I PAY MY PREMIUMS?

The best way to pay your premium is through a savings or checking account. We recommend you set a bank draft from your savings or checking account. That way, the bank will automatically pay your premium each month and you don’t need to worry about your policy lapsing due to non-payment.

PAYMENT METHODRECOMMENDED?
Savings AccountBest way to pay
Checking AccountBest way to pay
CashNot recommended
Money OrderNot recommended
Cashier's CheckNot recommended
Debit CardNot recommended
Credit CardNot recommended
Direct ExpressNot recommended
PAYMENT FREQUENCYRECOMMENDEDACCEPTED BY
MonthlyRecommendedAll Companies
QuarterlyNot RecommendedSome Companies
Semi-annuallyNot RecommendedSome Companies
AnnuallyNot RecommendedSome Companies


MEDICAL MARIJUANA USE AND BURIAL INSURANCE RIDERS

Insurance policy riders add benefits to your policy. Adding insurance riders will enhance your policy to fit your needs. Some riders are built into your policy, while other riders can be added at an additional cost. Most riders are affordable, and it involves little to no underwriting.

Here’s a list of common burial insurance riders:

FUNERAL FUNDS ADD-ONSAVAILABILITY
Terminal Illness Add-On BenefitIncluded with most plans
Nursing Home Care Add-On BenefitIncluded with most plans


INFORMATION 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?

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.


BENEFITS OF BURIAL & FUNERAL INSURANCE

Here are some of the benefits of purchasing a burial or funeral policy:

  • No medical exam or doctor’s visit required – easy to get approved.
  • Ease of issue – easy to qualify and get insurance coverage.
  • No Money Down to get approved – have your policy start whenever you want.
  • Level premium – your premium will never increase.
  • Fixed death benefit – your death benefit will never decrease for any reason.
  • Permanent protection – your policy can not be canceled by the life insurance company as long as you continue to pay your premiums.
  • Tax-free – the death benefit is directly paid to your beneficiary tax-free upon your death
  • Cash value builds up – burial insurance is a whole life policy that builds cash value over time.


OTHER COMMON USES FOR FINAL EXPENSE LIFE INSURANCE WITH MEDICAL MARIJUANA USE

All of these examples are appropriate uses for Final Expense Life Insurance:

  • Burial insurance plan with medical marijuana use
  • Cremation insurance plan with medical marijuana use
  • Funeral home insurance plan with medical marijuana use
  • Final Expense insurance plan with medical marijuana use
  • Prepaid funeral plan insurance with medical marijuana use
  • Mortgage payment protection plan with medical marijuana use
  • Mortgage payoff life insurance plan with medical marijuana use
  • Deceased spouse’s income replacement plan with medical marijuana use
  • Legacy insurance gift plan to family or loved ones with medical marijuana use
  • Medical or doctor bill life insurance plan with medical marijuana use

We can help you with any of the plans above. Your pricing will depend on your age, health, and coverage amount for each program option.


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.

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 work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies and 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.

Life Insurance, Funeral Insurance, Final Expense Insurance, Burial Insurance With Medical Marijuana Use Infographics

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