Here's something you don't see every day:
"Marijuana users, who can now buy weed without fear of arrest in some U.S. states, can also get life insurance without facing a smoker penalty — if they shop carefully."
Apparently, some carriers are more lax regarding casual pot use than others. I know that we've seen a slight lifting of restrictions on occasional cigar smokers, so one supposes that this is just an organic outgrowth of that policy (SWIDT?). According to Munich Re (a major reinsurer), some 80% of life insurers have some kind of marijuana-use policy in place, and about a third of these classify such folks as non-smokers (presuming, of course, that there's no actual tobacco use).
This could save insureds significant premium dollars, so it's worth checking out if you use (or plan to use) the ganja.
"Marijuana users, who can now buy weed without fear of arrest in some U.S. states, can also get life insurance without facing a smoker penalty — if they shop carefully."
Apparently, some carriers are more lax regarding casual pot use than others. I know that we've seen a slight lifting of restrictions on occasional cigar smokers, so one supposes that this is just an organic outgrowth of that policy (SWIDT?). According to Munich Re (a major reinsurer), some 80% of life insurers have some kind of marijuana-use policy in place, and about a third of these classify such folks as non-smokers (presuming, of course, that there's no actual tobacco use).
This could save insureds significant premium dollars, so it's worth checking out if you use (or plan to use) the ganja.
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