Slartibarfast Posted February 14, 2022 Share Posted February 14, 2022 Hi, I am currently in process of applying for life insurance. The question of taking cannabis in the last 10 years came up and I answered yes. Does anyone know what the implications of this are and any advice around further questioning? Sent from my SM-N950F using Tapatalk 3 Quote Link to comment Share on other sites More sharing options...
CreX Posted February 14, 2022 Share Posted February 14, 2022 honestly...i have no idea how they grade pot amongst the things that make you a risky client.. but if it were my business, i would give you a 1% discount on your premium for every year you have been smoking. 4 Quote Link to comment Share on other sites More sharing options...
PsyCLown Posted February 14, 2022 Share Posted February 14, 2022 On 2/14/2022 at 10:21 AM, Slartibarfast said: Hi, I am currently in process of applying for life insurance. The question of taking cannabis in the last 10 years came up and I answered yes. Does anyone know what the implications of this are and any advice around further questioning? Sent from my SM-N950F using Tapatalk Expand Honestly not sure, however I suspect higher premiums for "drug use". In their eyes, it is not seen as medicinal. Quite sure on this, unfortunately. I was advised by my broker to say no to any "drugs".... State that I do not smoke. 3 Quote Link to comment Share on other sites More sharing options...
Slartibarfast Posted February 14, 2022 Author Share Posted February 14, 2022 On 2/14/2022 at 12:17 PM, PsyCLown said: Honestly not sure, however I suspect higher premiums for "drug use". In their eyes, it is not seen as medicinal. Quite sure on this, unfortunately. I was advised by my broker to say no to any "drugs".... State that I do not smoke.In hindsight I feel a bit stupid for saying yes to that question. But they got me when they said they will be conducting medical tests before starting with the questions.Sent from my SM-N950F using Tapatalk 2 Quote Link to comment Share on other sites More sharing options...
PsyCLown Posted February 14, 2022 Share Posted February 14, 2022 On 2/14/2022 at 1:01 PM, Slartibarfast said: In hindsight I feel a bit stupid for saying yes to that question. But they got me when they said they will be conducting medical tests before starting with the questions. Sent from my SM-N950F using Tapatalk Expand Nah, I understand - you don't want to be caught lying. If you say yes, then it is something you won't have to worry about if they ever do test for it. Let us know how it goes, for interest sake 3 Quote Link to comment Share on other sites More sharing options...
The_StonedTrooper Posted February 14, 2022 Share Posted February 14, 2022 You did the right thing. Last thing you want, is to make a claim, and get denied payment because it comes out you falsified your documentation. You'll lose everything then, not just credibility 3 Quote Link to comment Share on other sites More sharing options...
Slartibarfast Posted February 14, 2022 Author Share Posted February 14, 2022 On 2/14/2022 at 2:05 PM, The_StonedTrooper said: You did the right thing. Last thing you want, is to make a claim, and get denied payment because it comes out you falsified your documentation. You'll lose everything then, not just credibility Agreed, plus it is legal now. I just feel annoyed they grouped in with narcotics and cocaine, very disappointing to hear. They'll call tomorrow, I'll update here after.Sent from my SM-N950F using Tapatalk 3 Quote Link to comment Share on other sites More sharing options...
Khakibos Posted February 14, 2022 Share Posted February 14, 2022 (edited) On 2/14/2022 at 5:36 PM, Slartibarfast said: Agreed, plus it is legal now. Expand Well cannabis isn't actually legal yet, just the other day at the SONA Cyril was talking about "We are going to fast-track policy and regulations for the use of cannabis for medicinal use, especially in the Eastern Cape and KwaZulu-Natal" https://businesstech.co.za/news/trending/557190/south-africa-to-fast-track-regulations-for-the-local-cannabis-industry/ Edited February 14, 2022 by Khakibos 2 1 Quote Link to comment Share on other sites More sharing options...
Slartibarfast Posted February 14, 2022 Author Share Posted February 14, 2022 On 2/14/2022 at 5:41 PM, Khakibos said: Well cannabis isn't actually legal yet, just the other day at the SONA Cyril was talking about "We are going to fast-track policy and regulations for the use of cannabis for medicinal use, especially in the Eastern Cape and KwaZulu-Natal" https://businesstech.co.za/news/trending/557190/south-africa-to-fast-track-regulations-for-the-local-cannabis-industry/Jeez, I thought it was.Sent from my SM-N950F using Tapatalk Quote Link to comment Share on other sites More sharing options...
Ill_Evan Posted February 14, 2022 Share Posted February 14, 2022 On 2/14/2022 at 8:10 PM, Slartibarfast said: Jeez, I thought it was. Expand It's a strange wonderland of grey area. The entire Constitutional Court judgement in 2018 originated from a Rastafari lawyer who wanted to smoke cannabis and still practice law, but because how the law works, if you defy the law, you technically can't be a lawyer. So on a fundamental principal of privacy, they ruled that people in South Africa may consume cannabis in private. Even so, it is not legal, because they haven't written the laws and regulations yet. But also, it is not illegal, because the relevant laws which previously dictated the illegality of consuming cannabis have been suspended. It is 100% still illegal to sell cannabis though... [did someone say donation?] So insurance, for example, can do whatever their internal policies dictate because nothing has been made concrete yet. 3 Quote Link to comment Share on other sites More sharing options...
Greybaard Posted January 2, 2023 Share Posted January 2, 2023 Are there any marijuana friendly insurance companies in SA? Sent from my iPhone using Tapatalk 2 Quote Link to comment Share on other sites More sharing options...
Ill_Evan Posted January 3, 2023 Share Posted January 3, 2023 On 1/2/2023 at 8:04 PM, Greybaard said: Are there any marijuana friendly insurance companies in SA? Expand For what purpose? To purchase cannabis products on your insurance plan? You can already do that via the Medicines Act. You'd have to get a prescription from a doctor and then only use cannabis products provided by a registered pharmacy that stocks medicinal cannabis. One such place is THC Africa run by the De Beers. Yes, those same De Beers. 1 Quote Link to comment Share on other sites More sharing options...
Greybaard Posted January 3, 2023 Share Posted January 3, 2023 Thanks for getting beach to me Ill_Evan.No, I meant getting life insurance at a reasonable cost and not being penalised for using Cannabis. I was honest in my medical assessment and because of my love for the herb was quoted a premium double that of my wife, who doesn’t use it.Not surprised really that de Beers have a hand in what is a multi billion dollar industry in the states. Hope they spread some of that licence love around. Sent from my iPhone using Tapatalk 2 Quote Link to comment Share on other sites More sharing options...
SkunkPharm Posted January 3, 2023 Share Posted January 3, 2023 On 1/3/2023 at 7:15 AM, Greybaard said: Thanks for getting beach to me Ill_Evan. No, I meant getting life insurance at a reasonable cost and not being penalised for using Cannabis. I was honest in my medical assessment and because of my love for the herb was quoted a premium double that of my wife, who doesn’t use it. Not surprised really that de Beers have a hand in what is a multi billion dollar industry in the states. Hope they spread some of that licence love around. Sent from my iPhone using Tapatalk Expand Hi, life insurance for men are about double that of women. They have a higher risk profile. But they classify it as smoking. And smokers present an insurance company with higher risks thus the higher premium. 1 Quote Link to comment Share on other sites More sharing options...
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