Life Insurance and Marijuana

<p>You're listening to making smart decisions with Josh Tirado, and today's topic is life insurance and marijuana. before you start going into your preconceived notions of this topic of life insurance and marijuana, let me start with a quote from a very old hall of fame baseball player, Yogi bear. He was asked once, what is the best type of life insurance to have?</p><p>[00:02:06] And yoga was quoted as saying, I don't know which type is the best, but I know that none is bad. So </p><p>[00:02:12] let </p><p>[00:02:12] <strong>Josh: </strong>me start first and foremost with the need and the importance of life insurance. And at the time this is being recorded. It is September and September is actually national life insurance awareness month.</p><p>[00:02:24]But on the topic of life insurance, things over the years have changed dramatically in regard to life insurance and marijuana. And this has been brought to my attention because, in the last several months, I have literally handled half a dozen insurance cases for people who are using marijuana and needed to upgrade or update their life insurance.</p><p>[00:02:47]And almost every one of these people is a professional who has a very high household income. They all married with children, but marijuana is being used for a number of different purposes. Some of them it's recreational. Some of them it's strictly medicinal and prescribed by the doctor.</p><p>[00:03:03] Some are in States where medicinal marijuana is not yet legal, but marijuana is being used for medicinal purposes. To allow them to not use some traditional pharmaceuticals. The marijuana was able to take the place of some other drugs that they don't want to have to continuously take, and they can use less marijuana with the same effects than taking the prescription drugs, and they've admitted it to their doctor.</p><p>[00:03:27] It's in their medical records, and it's all on the up and up. But these people are very concerned, saying, I'm using marijuana. And a number of cases, technically it's s