Can Cannabis Users get Life Cover?

It is not uncommon for life insurers to outrightly refuse cover if the use of Cannabis is disclosed during the application process as in policy for illegal drug usage. However, with more states in the United States and Countries in Africa including South Africa decriminilisation of the Private use and Cultivation of Cannabis, many Industries will need to re-assess existing business practices which may be impacted by legislation. In light of this year’s Weed day observed annually, many are of the view that Life Insurers must adapt their Policies to the changing times. Marijuana use for health purposes is on the increase but Life Insurers are still hesitant because according to them, whilst Private Cannabis usage may now be legal, the known health risks associates with its use have not changed.

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