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Marijuana Use Affects Life Insurance Policy Cost

According to the U.S. National Institute on Drug Abuse, more than 11.8 million young people used marijuana in 2018-2019. With this hobby spread the risks are growing.
Marijuana Use Affects Life Insurance Policy Cost

Doctors believe that constant long-term use of marijuana from the age of 20 leads to defective memory at 50. Although marijuana does not cause mental disorders and health problems, researchers believe that such problems can occur in old age.

The increase in the life insurance cost based solely on marijuana use depends on age, gender and size of coverage. The average cost of a 20-year life insurance policy in the amount of $500 thousand will be as follows:

The insurance cost for a 30-year-old man (using marijuana twice a month) will increase by 47%.

The insurance cost for a 40-year-old man (using marijuana twice a month) will increase by 70%.

The insurance cost for a woman of 30 years (using marijuana twice a month) will increase by 34%.

The insurance cost for a 40-year-old woman (using marijuana twice a month) will increase by 58%.

Source: https://www.forbes.com/advisor/life-insurance/marijuana/

Photos are from open sources.

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