The Long Read
Everything you *need to know* is right above this. Scroll down, only if you'd still like to read more (honestly, why?)
Yes. You can still apply for term insurance if you smoke weed.
However, you do need to inform your life insurance company about it when applying for a term plan.
It depends entirely on your life insurance company and the level of your addiction to marijuana.
Consult an insurance advisor to discuss this.
P.S.: Even if you smoke weed, don’t forget to mention that in your application. Hiding information when buying term insurance may result in a claim rejection.
Yes, your marijuana smoking habit will have a direct impact on your term insurance application.
Depending on your smoking habit, your insurer may either
Offer you the policy without any increase in premium if it has been a while since your last use (as defined by your insurer)
Charge you a higher premium if you are a frequent user
While you will get a basic term plan, depending on your insurer, you may be denied certain riders.
Yes, if you die from an illegal activity such as a drug overdose, your life insurance company may deny your term insurance claim.