In a sign of marijuana’s growing normalization in Canada, two major life insurance companies have decided to treat cannabis users as non-smokers, reversing a long-standing policy and offering many of them far cheaper premiums.
Like their competitors, Sun Life and BMO Insurance have for years classified anyone who disclosed using marijuana – either recreationally or for medical purposes – as a smoker, saddling them with charges that could be triple those of non-smokers.
But in memos released over the last week, the companies say the latest research on the drug’s health impacts convinced them to change that approach…
Who can afford life insurance these days? And when will Medicare start covering medical cannabis? Before or after I’m dead?