New York, NY -- (SBWIRE) -- 03/28/2014 -- LifeAnt, a website that offers consumers affordable life insurance quotes, has just posted a new article to its website that examines how and why people who use marijuana typically pay more for their life insurance. Titled “Marijuana Users Discriminated Against by Life Insurance Companies,” the article, http://www.lifeant.com/marijuana-users-discriminated-against-by-life-insurance-companies/, explains that since people who use marijuana are technically classified by insurance companies as “smokers,” their rates are typically as high as those who smoke traditional cigarettes.
For example, the article notes, a 35-year-old man who smokes cigarettes can expect to pay around 3.5 times more for a $250,000 life insurance policy than someone who does not smoke. Because people who use marijuana—in many cases, to treat their medical ailments—are classified by an underwriting technique that puts them in the same category as folks who smoke a pack or two of Marlboros a day, the article says many of them simply go without life insurance, or else they burden their families with a huge expense.
In addition, the article says, while research can definitely link traditional tobacco use to a variety of health problems, scientific evidence from the National Institutes of Health suggests that marijuana smokers are not more likely to get cancer, or pass away at an earlier age than non-smokers.
To make matters worse, the article notes that while life insurance companies will sometimes reward clients who are good about taking their prescription medications regularly and on time, those who use marijuana to treat their diseases like diabetes, chronic pain, fibromyalgia and other conditions will not get this same perk.
“With such clear evidence showing the medical benefit of marijuana for the treatment of specific diseases, coupled with the clear trend towards broad legalization, and the quickly growing amounts of users, it is far past time that life insurance companies update the way they classify (and price) clients who use marijuana in order to reflect what we know today about the plant,” the article concluded.
Anybody who would like to learn more about LifeAnt is welcome to visit the user-friendly website; there, they can read the new article in its entirety, as well as get a free quote for life insurance.
Founded in 2013 by former life insurance broker and retirement planer Thomas Rockford, LifeAnt.com seeks to become the top provider of life insurance quotes on the internet. For more information, please visit http://www.lifeant.com/marijuana-users-discriminated-against-by-life-insurance-companies/
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