recreational drug use
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Can you still get life insurance with a history of recreational drug use?
Life is complicated.
Getting on with life is even more complicated; so it's important to talk about what matters most and know where we stand.
- In 2019, around 3.4 million Australians reported using an illicit (recreational) drug in the last 12 months.1
So how does having a history of personal drug use affect your ability to create a safety net for yourself and your family?
Here's what you need to know ahead of time when you're needing to get your life insurances sorted.
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During an application Will I be asked about recreational drugs use?
Yes. Everyone gets asked the same question about recreational drugs
As part of the general underwriting process, insurers ask a standard question about recreational drug use similar to:
- “Have you ever injected, smoked or otherwise taken recreational or non-prescribed drugs, taken any drugs other than medically directed or received advice and/or counselling for excess alcohol consumption from any health professional?”
Past moderate use may result in an increase to an insurance policy premium as would a history of drug-induced psychosis.
Current harder use may result in an automatic decline for a fully underwritten insurance policy. These same questions often don't get asked as part of the application questions for an accidental death or accident income protection policy. Speak with us about this issue further. Either way, that's why you need a specialist at unusualrisks.com.au to handle all that for you.
Speak with us about this issue further. Either way, that's why you need a specialist at unusualrisks.com.au to handle all that for you.
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