Canada’s Life Insurers Do a 180 on Marijuana Use: Is the US Next?


November 8, 2016 Facebook Twitter LinkedIn Google+ News


Two Canadian life insurance companies, Sun Life and BMO Insurance, have agreed to classify marijuana users as non-smokers. What exactly does this mean for their customers?It means they can stop worrying their life insurance premiums will spike due to their smoking habits. This is true whether they’re medicinal or recreational users.

This is big news for Canadian cannabis smokers. After all, according to a recent article in the National Post, non-smokers there tend to pay $95 less a month for life insurance than smokers, all other things being equal. That’s over $1,000 saved a year.

But not all life insurance policies treat the matter equally. For instance, BMO Insurance’s new policy applies to consumers who smoke two or less marijuana cigarettes a week. On the other hand, Sun Life’s non-smoker label will benefit anyone who smokes marijuana but not tobacco. There are no restrictions on how often you smoke.

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