Marijuana Similar to Tobacco In Terms of Insurance Premiums
Is eating pot brownies every day to relief yourself from chronic pain as bad for you as regularly puffing on a cigarette? According to Canadian life insurance companies, it is. And now, insurance companies are demanding a higher premium rates for clients in accordance with the same level of risks associated with both these activities.
Irrespective of the consuming ways of habits of marijuana users, the insurance industry's national trade association demands standard policy among insurers for tackling the increased costs among marijuana users.
The legalization of marijuana is just a year away, and the use of medical marijuana is growing. Commercial producers and advocates, at the same time, are requesting insurers to change policies penalizing the increasing number of people who are ingesting it in the chemical form. At the same time, commercial growers of marijuana are trying to persuade health insurance providers to cover prescriptions for medical marijuana.
"Tobacco use is going to be the prime...
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