Sun Life first insurer to stop treating pot users as smokers as marijuana increasingly accepted as a medicine
From Nationalpost.com
In a new sign of marijuana’s growing normalization in Canada, a major life insurance company has decided to treat cannabis users as non-smokers, reversing a long-standing policy and offering the group far cheaper premiums.
Like its competitors, Sun Life has 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 a message to brokers last week, the company said the latest research on the drug’s health impacts convinced it to change that approach.
“In our industry, we keep up to date with medical studies and companies update their underwriting guidelines accordingly,” Sun Life said in a statement Friday. “As a result, people who use marijuana are now assessed … at non-smoker rates, unless they also use tobacco.”
Read more here.