Life Insurance For Those with Medical Issues

Life insurance can be confusing. That confusion can be compounded when you have medical issues. People who have diabetes, heart issues and high risk factors often think that life insurance companies will not approve them.

One of our readers emailed us recently about a high risk life insurance situation.

I know that life insurance companies require blood tests. I have smoked marijuana a couple of times in the last year. Will this hinder me from getting coverage?

We set out on a search and talked with Jeff Root from He deals with impaired and high risk life insurance. What we found is that you can get coverage with many types of impaired risk. Here is what he had to say about marijuana smokers.

“The key in getting the best life insurance rates as a marijuana user is securing non-smoker rates.  If you smoke up to 2 times per week, you can secure non-smoker rates and cut your rates in half”, says Jeff Root.

Consumers also worry companies or insurance agents will report them to the authorities for marijuana use. HIPAA privacy laws prohibit an agent or insurance company from sharing this information with anyone. You can rest assured your privacy and health information will be protected.

The following are the top 5 high risk life insurance types he deals with:

Life insurance for diabetics

Life insurance for marijuana users

Life insurance for smokers

Life insurance with Multiple Sclerosis

Life insurance with Cohn’s Disease

If you have any of the above conditions rest assured that affordable life insurance can usually be found for you. The biggest thing we have learned is that some companies have much cheaper rates than others for impaired risk.

For example, one quote we ran was $100 per month for $500,000 of term life insurance. This was with one company. We then ran a quote with an agency that represented 35 plus companies and found the rates dropped to $64 per month. Whatever your situation, make sure to do your homework and work with a company that offers multiple quotes.

For more questions about your financial or life insurance issues feel free to email mail me!

About Jeff Gentry

Jeff has sold insurance for almost 20 years. He is a native of New York, but enjoys traveling the country and the world, especially to warm weather environments.