Since the legalization of cannabis in Canada, one question we often hear from smokers and non-smokers is how life insurance companies view the use of cannabis when considering covering someone for life insurance.
There are several factors insurance companies have had to consider, such as the following:
For a lot of us the first mention of any type of insurance could be when we sit down to organize our first mortgage. This type of insurance is called either “mortgage insurance” or “creditor insurance”. The “big banks” generally advise all their debtors to have insurance coverage so if the borrower were to die, the outstanding loan would be paid off.