Photo: washingtoncannabisinsurance.files.wordpress.com
-National Post-
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.