Not all life insurance policies are created equal. The Association of Home Office Underwriters said that 80 percent of the surveyed policies seemed to cover use, and of those 29% clasify their policy holders to be non-smokers and in turn lesser rates.
For policies that do cover marijuana use, the main factor for increased rates is smoking frequency – the less you smoke each week the lower your rate. This mirrors their policies in regards to alcohol consumption as well.
More from PBS:
“The more you have, the higher the risk is because you’re more exposed to things that could cause death,” he said. “Do they smoke and drive, have they had infractions, are they flying an airplane while using marijuana? Those are all things a carrier would look at and price those risks.”
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