Marijuana use of growing concern to life insurers
November 23, 2015 by Warren S. Hersch
As adoption of medical and recreational marijuana skyrockets nationwide, life insurers remain divided about how to rate policy applicants, in part because of the uncertain state of the science underpinning medical testing and the lack of research that might link marijuana use to increased deaths.
This was a running theme of a panel discussion at NAILBA34, the National Association of Independent Life Brokerage Agencies, which held its 2015 annual meeting in Orlando, Nov. 19-21. The breakout workshop, “Risk Appraisal Forum’s 2016 Underwriting Forecast,” brought together three executives with expertise in underwriting: Jordan Carreira of Lincoln Financial Group, Bruce Hendricks of Mutual of Omaha, and Bill Moore of Munich Reinsurance America, Inc. Click HERE to read article
