The effects of drug use are devastating on the human body. As we’ve seen in so many cases, prolonged drug use can lead to a severely decreased life expectancy.
So you won’t be surprised to learn that all life insurance applications include some type of question about the applicant’s use or abuse of alcohol, as well as the use of any drugs currently or in the past.
For example, Genworth Life & Annuity Insurance Company’s drug question reads as follows:
“Other than prescribed by a physician, have you ever used marijuana, narcotics, stimulants, sedatives, hallucinogens, or any prescription drugs? If “Yes”, also give the name, form, amount, frequency, and length of use, and date last used.”
Best Case Life Insurance Approval Using Illegal Drugs
In a best-case scenario, if you use marijuana, even currently, you may be able to get Standard Non-Tobacco rates, if use is recreational.
Funny thing is if you use it with a prescription, you’ll be classified under Tobacco rates, which cost two to three times the Non Smoker rates.
Although the use of medical marijuana has become more prevalent, and even legalized in some states, life insurance companies view its use as being similar to smoking or the consumption of alcohol.