Does weed affect life insurance?
If you already have life insurance and you decide to give marijuana a try, don’t worry — it won’t affect an existing policy. “Once you’re underwritten at a point in time for your insurance, that is your rate,” Hallett says.
Does life insurance check for drugs?
Traditional life insurance policies require a medical exam, which includes the collection of a blood and urine sample, as part of the underwriting process. A urine test will reveal drugs, nicotine, and other health issues. The exam is paid for by the insurance company as part of the underwriting process.
Do life insurance companies test for steroids?
Using anabolic steroids, otherwise known as “roids,” will help you bulk up in the gym. But they will also flag up as a big “no-no” during your life insurance medical exam.
Can you be denied life insurance if you smoke?
Smokers can buy life insurance but should be prepared for much higher rates than non-smokers. That’s because smoking impacts your life expectancy. You could be denied a life insurance policy if you lie on the application about your smoking habits.
Does Primerica life insurance test for weed?
If you use marijuana regularly, you should consult an independent insurance agent to determine which insurance companies to apply with. For example, MetLife offers preferred rates even if you smoke multiple times per week, while Primerica doesn’t accept any such habits for term life insurance applicants.
What happens if you fail a drug test for life insurance?
You’ll be declined for life insurance coverage if a blood or urine test indicates you use any illegal drugs, such as amphetamines or opiates. The only exception to this rule is marijuana, as each insurer evaluates marijuana consumption differently.
Why do life insurance companies pee?
Many life insurance companies require a urine test during the application process. These urine tests check for illegal drug and nicotine use, liver and kidney problems, and other chronic health conditions.
What is considered a smoker for insurance?
Health insurers consider you a smoker, subject to a hefty premium surcharge if you used any tobacco products four or more times a week in the past six months.
Can you pass a life insurance drug test if you smoke weed?
There is no reason to worry about passing a life insurance drug test as THC is not tested. One factor might be looking into your illness to determine whether or not the use of marijuana is needed. Major depression, breathing disease, and pain management might be a concern of the underwriters regardless of pot use.
What do life insurance companies look for when buying marijuana?
You’ll likely be required to take a life insurance medical exam, which includes giving blood and urine samples. This is true for many life insurance buyers, not just marijuana users. The life insurance company will also likely look at your medical records and current and past prescriptions. It will pull your motor vehicle record.
Can you get life insurance with THC in it?
Yes, the life insurance medical exam includes blood and urine tests, which show THC levels. If you opt for no-medical-exam life insurance, you’ll still be asked questions about marijuana use and share past medical records. Does CBD use affect life insurance rates?
Does the insurance industry test for pot use?
The insurance industry doesn’t test for pot use, only hard core stuff like cocaine and methamphetamine. Some of the life insurance companies who insurance pot smokers will basically call any user a “tobacco user.” As an example, inhaling smoke, like smoking a joint will deem you a tobacco user.