The best rates marijuana users can get from every life insurance company

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The best rates marijuana users can get from every life insurance company

With marijuana legalization efforts sweeping the country, you might presume that science has won out and people have begun to accept the fact that you can smoke marijuana recreationally without ruining your life. But because federal regulations make it difficult to study the medical effects of marijuana, it’s difficult for anyone to say how long-term recreational marijuana use affects your health.

That’s why life insurance companies can be so cautious about marijuana use – both recreational and medicinal. But not all insurance companies are created equal, and some offer better life insurance rates for marijuana users than others.

In this article, we’ll break down the best and worst outcomes from the nation’s top life insurance companies. Not all companies we reviewed here ranked for a "worst" outcome – basically, they either qualify for the best outcome or they’ll decline you. We also have a third "medicinal outcome" if you’re looking for specific information about medical marijuana use. Many life insurance companies don’t care about medical marijuana as long as you have a prescription – what matters to them more is the underlying condition the marijuana is meant to treat.

Before you jump into this article, you may want to read our guide to life insurance health classifications. Basically, the best outcome you can hope for is a non-smoking rate. If a life insurance company rates marijuana users as tobacco users, you’re looking at a hefty rate increase.

It’s important to remember that companies that offer non-tobacco rates will not extend those rates to people who use tobacco in addition to marijuana. While this seems obvious, it bears repeating that if you use tobacco, you’ll get tobacco rates.

Remember, too, that your rating may be affected by other factors besides your marijuana usage, and that the "best outcomes" below do not take into account any other health or lifestyle factors that life insurance companies look at. Get a quote based on your full medical profile today to get a better idea of what your personal rate may look like.

Life insurance company marijuana policies, best case scenarios
Company Marijuana policy
North American Non-tobacco rates apply for recreational marijuana users 21 years of age or older.
Lincoln National Preferred Plus (Non-Tobacco) rates if you smoke marijuana once per month or less in social situations. Preferred (Non-Tobacco) rates if you smoke up to two times per week in social situations.
Minnesota Life Preferred (Non-Tobacco) rates if you smoke marijuana 24 times or less per year.
Prudential Plus (Non-Tobacco) ratings available to users who smoke marijuana up to three times weekly. Must admit to using marijuana during application process. Positive THC in urine does not affect this rating.
MetLife Standard (Non-Tobacco) rating for marijuana use up to four times per week. Opportunity to receive Preferred, Elite, and Elite Plus (all Non-Tobacco) ratings depending on signs of alcohol abuse or anxiety issues.
United of Omaha Standard (Non-Smoker) rates available for marijuana users who smoke three times or less per month.
AIG Standard (Non-Tobacco) rates if you use marijuana no more than two times per month. Prescription must be verified if you smoke for medical reasons.
Transamerica Standard (Non-Tobacco) rating if you smoke marijuana up to 12 times per year.
Global Atlantic Determined based on individual consideration for those 26 and older.
SBLI Non-tobacco ratings apply for very rare marijuana use and with full admission.
Legal & General America Standard (Tobacco) rates if you smoke recreationally and you have no criminal history or history of drug abuse.
Protective Life Tobacco rates apply for all recreational marijuana users.
John Hancock Considers marijuana drug use—unlikely to give competitive rates.

AIG

Best outcome: Standard (Non-Tobacco) rates if you use marijuana no more than two times per month.

Worst outcome: If you smoke marijuana more than two times per month, the best rating you can get is Standard (Tobacco). Your frequency of use will be looked at individually, however, and it’s possible that you will get a lower rating or declined.

Medicinal outcome: If you smoke marijuana for medicinal purposes, your prescription will need to be verified and you will be rated based on the underlying condition.

Global Atlantic

Best outcome: If you’re 26 or older, your final rating will be determined based on individual consideration.

Worst outcome: If you’re 25 or younger, you’ll be automatically declined if you smoke marijuana in any capacity.

Medicinal outcome: If you’re 26 or older, your rating will depending on the underlying condition.

John Hancock

Best outcome: Using marijuana is considered drug use, and you’re unlikely to get competitive rates.

Legal & General America

Best outcome: Standard (Tobacco) rates if you smoke marijuana recreational and you have no criminal history or history of drug abuse.

Medicinal outcome: Standard (Tobacco) rates apply, and your rating is based on your underlying condition.

Lincoln National

Best outcome: Preferred Plus (Non-Tobacco) rates if you smoke marijuana once per month or less in social situations. Preferred (Non-Tobacco) rates if you smoke up to two times per week in social situations.

Worst outcome: If you smoke marijuana more than two times per week, or exhibit signs of alcohol abuse, other drug use, or any psychiatric conditions, it may be difficult to get competitive rates.

Medicinal outcome: Your rating will be based on the underlying medical condition.

MetLife

Best outcome: If you smoke marijuana up to four times per week and show no sign of social or occupational impairment, you will receive at least a Standard (Non-Tobacco) rating, with the opportunity to receive Preferred, Elite, and Elite Plus (all Non-Tobacco) ratings depending on whether or not you exhibit any signs of alcohol abuse or anxiety issues.

Worst outcome: If you smoke five times per week or more, it is considered heavy use and you are unlikely to get competitive rates. Additionally, while MetLife does not screen for marijuana in their urine tests, if they find a positive result for marijuana in a urine test in your medical records or another company’s medical tests, they will consider it heavy use and you are unlikely to get competitive rates.

Medicinal outcome: You may be able to get Standard or Preferred (Non-Tobacco) depending on the underlying medical condition and frequency of use.

Minnesota Life

Best outcome: If you smoke marijuana 24 times or less per year, you may be able to receive Preferred (Non-Tobacco) rates.

Worst outcome: If you smoke marijuana 25 times or more per year, you’ll be rated as a tobacco user and obtain Standard (Tobacco) rates.

Medicinal outcome: Your rating is based on the underlying condition.

North American

Best outcome: Non-tobacco rates apply for recreational marijuana users 21 years of age or older. Cases are looked at on an individual basis.

Worst outcome: Tobacco rates or declined if you’re a heavy marijuana user, or if other drugs are used.

Medicinal outcome: No guidelines.

Protective Life

Best outcome: Tobacco rates apply for all recreational marijuana users.

Medicinal outcome: If marijuana usage is via inhalation, tobacco rates apply. If it’s non-inhaled, Standard (Non-Tobacco) is your best available option.

Prudential

Best outcome: Plus (Non-Tobacco) ratings available to users who smoke marijuana up to three times per week. Must admit to using marijuana during application process. Positive THC in urine does not affect this rating.

Worst outcome: Declined application if you smoke more than seven times per week. Declined application if you do not admit to marijuana usage on your application and they find THC in your urine.

Medicinal outcome: If prescribed by a physician, you will be rated based on the underlying condition.

SBLI

Best outcome: Non-tobacco ratings apply for very rare marijuana use and with full admission.

Worst outcome: Tobacco ratings apply based on your marijuana usage, or you may be declined for heavy usage.

Medicinal outcome: Rated based on the underlying condition.

Symetra

Best outcome: Tobacco ratings based on your marijuana usage, with no criminal or drug abuse history. Must admit to using marijuana on application.

Medicinal outcome: Tobacco ratings will be based on your usage.

Transamerica

Best outcome: Standard (Non-Tobacco) rating if you smoke marijuana up to 12 times per year.

Worst outcome: Standard (Tobacco) or declined application depending on frequency of use.

Medicinal outcome: Prescription required. Standard (Non-Tobacco) rating available if you smoke marijuana up to 12 times per year, tobacco ratings if 13 or more.

United of Omaha

Best outcome: Standard (Non-Smoker) rates available for marijuana users who smoke three times or less per month.

Medicinal outcome: Rates are based on your underlying condition, but typically are Tobacco ratings.

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