Life Insurance and Marijuana

People use cannabis for an array of reasons. Some smoke it in order to find relief from one of countless medical ailments. Others find it a relaxing and safer alternative to substances like alcohol. Whatever the reason, smoking or ingesting marijuana of any kind can open up complications when it comes to your insurance plan. If you’re looking for life insurance, you might wonder how using cannabis might impact your ability to get sensible and fair rates. Thankfully, it is not too complicated of a matter.

Understanding the Basics

With more and more states legalizing marijuana in different capacities, life insurance coverage has been changing to meet the shifting times. Still, it can be challenging due to the fact that marijuana is still considered an illegal substance on a federal level. While you might be able to find protection from a local insurance broker, you may be concerned you won’t have the same freedom with policies from national providers. Thankfully, you can see the best results by speaking directly to your agent and asking more about the intricacies. Other points to keep in mind include:

  • Legalization status in the state where you reside
  • Your personal medical history
  • Your career

A Shifting Landscape

Life insurance is always changing to meet the demands of the current day and age. With marijuana becoming a publicly accepted substance, there are plenty of positive changes waiting on the horizon.