Marijuana Underwriting
Key Considerations
- Insurer selection is key to achieving favorable outcomes
- Key variable: frequency of use
- Favorable criteria: no other drug or excessive alcohol use; no DUIs, criminal background, no diagnosis of anxiety or depression; stable job, family life
- The more information we have about your client in advance of an application, the more accurate our carrier recommendations and preliminary pricing assessment
Marijuana use underwriting is changing constantly. It varies by insurer, age of the applicant, how it is consumed (smoked, vaped, ingested), frequency of use, whether it is prescribed or used recreationally, and the applicant’s overall health. Evidence of self-medication for anxiety or depression usually leads to higher ratings. Yes, it’s complicated! Call us, provide details via secure mail, or complete our online life quote request form, and we’ll respond with our industry’s top option(s).
Marijuana Use Pattern
Best Class
Notes
Up to 8x per month, non-vaping
Super preferred non-tobacco
Assumes no other tobacco use
Up to 3x per week, non-vaping
Preferred non-tobacco
Assumes no other tobacco use
Less than 12x per month
Standard non-tobacco
Assumes no other tobacco use
Up to 24x per month, age 21 – 34
Non-tobacco Table 4
Assumes no other tobacco use and not vaped
Daily use age 18 – 30
Non-tobacco Table 2 -4
Assumes no other tobacco use
Daily use age 31 – 50
Non-tobacco Table 2
Assumes no other tobacco use
Daily 51 and older
Standard Non-Tobacco
Assumes no other tobacco use
Medically prescribed, ingested
Preferred non-smoker
If smoked or vaporized, preferred smoker
Recreational, ingested, 1x month
Super preferred non-smoker
Assumes no other tobacco use
Recreational, ingested, 2x week
Preferred non-smoker
Assumes no other tobacco use
Recreational, ingested, 4x week
Standard non-smoker
Assumes no other tobacco use
Recreational, ingested, 5+x week
Individual consideration
Assumes no other tobacco use
