Marijuana users now considered for non-smoker rates. (français)
Equitable Life® has updated its smoking definition for life and critical illness insurance products. Clients who use marijuana, both inhaled and ingested, will be considered for non-smoker rates provided they do not also use tobacco. This change takes effect immediately and will impact both new and pending applications for life or critical illness.
"There has been a lot of research done about the effects of marijuana and how that compares to the impact of cigarettes," explains Leslie Fleming, Assistant Vice-President, Chief Underwriter. "Equitable Life's move to treat marijuana smokers as non-smokers reflects our belief that marijuana use does not share the same inherent risks that cigarette smoking does. Because of that, marijuana use should not automatically equate to higher smoker premiums."
We are in the process of updating all applications and other marketing material affected by this change. These will be posted to EquiNet® as they become available. In the meantime:
For new business:
Complete the marijuana question on application #350, providing amount and frequency of use for both inhaled and ingested. Marijuana use will continue to be a factor in making underwriting decisions regarding ratings and eligibility for coverage.
For policies that have already been issued as smoker due
to marijuana usage only:
Complete application #374 for the smoker to non-smoker change. In Section 2, indicate the amount and frequency of use for both inhaled and ingested. A urine sample is required. As with all policy changes, approval is subject to a full review of the current health and lifestyle profile and any other requirements as determined by Equitable Life.
Leslie Fleming, Assistant Vice-President, Chief Underwriter