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So, WHY Is That Insurance Applicant Using Cannabis?

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Underwriters at Mutual of Omaha Insurance Company recently changed the guidelines they use to assess long-term care insurance (LTCI) applicants’ use of marijuana.

Medicinal use of marijuana is more likely to be legal in U.S. states than recreational use is, but the insurer’s LTCI underwriters view medicinal use of marijuana as more of a concern than occasional recreational use of the drug, according to a copy of a notice obtained by ThinkAdvisor.

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An applicant for one Mutual of Omaha LTCI policy who uses marijuana three or fewer times per week, with no driving-under-the-influence history within three years, no other drug abuse and no memory loss, might be able to qualify for the company’s Select underwriting class.