Smoking marijuana can affect you getting a life insurance policy. If you are required to take a blood or urine test and they detect the use of marijuana, you may become ineligible or compromise your chances for coverage.
It can affect your ability to qualify for the most desirable rates. A positive test will automatically label you as a smoker and you will be offered a smoker's policy, which carries a higher premium. There is a possibility it will also impact other forms of insurance such as car or health.
However, another option is a guaranteed life insurance where companies offer life insurance with no medical exam. Nevertheless, these policies tend to be more expensive than the standard life insurance.
All in all, it depends on the underwriting guidelines for the insurance company whether they will issue coverage or not. Be sure to read the through your policy and find out what its specific guidelines are and if by chance you do smoke marijuana then be sure to look out for any clauses related to marijuana or drugs in general.
Wednesday, 9th December 2009
