Knowledge For You

The art and science of asking a question is the source of all knowledge. Here are some questions we’ve been asked by others.

Important Answers

Cannabis Consumers

How can I help EgisLife help me?

Just be earnest and honest. We’ve got everything else covered.

How are we different from other life insurance websites?

EgisLife is a Master Digital Agency (“MDA”) designed to serve the unique needs of the cannabis community. We are cannabis specialists made up of technologists, scientists and insurance industry pros.

As a member of the community, EgisLife was designed to serve the individuals and businesses that exist within.

Are we employees of any life insurance company?

No. We are an Independent Master Agency. We offer life insurance from numerous companies. EgisLife is not a “captive” firm required to do business with one institution.

It is our position that the comprehensive needs of the cannabis community cannot be met through only one life insurance employer and or provider.

How do we make money?

EgisLife does not charge life insurance planning fees or subscriptions to use the system. It is provided as a free service to the cannabis community.

Insurance companies, upon the purchase of a life insurance contract, compensate us. Our revenue does not come directly from our consumers.

Why does EgisLife emphasize “high-tech” and “high-touch”?

The cannabis community works within a high-tech world. Meaning, the use of mobile phones, tablets and computer to perform tasks is becoming an integral part of daily social living.

The community also recognizes the importance of high-touch when it comes to the complexity of life insurance planning. Individuals are comforted knowing they have professionals to speak with if needed.

EgisLife created an environment that supports both perspectives. The public can apply for life insurance at their digital convenience knowing they have a team of professionals available to answer questions if called upon.

Can we reduce your life insurance premium rates?

Yes. Our custom rate process introduces data factors that can positively affect your premium rates.

Our specialty underwriters are given the opportunity to lower premium classifications by analyzing the unique data we provide them. Result being, a method to lower rates is introduced by EgisLife.

However, please understand that rate reduction can’t be achieved in every underwriting instance (i.e. someone may have an adverse health condition outside of cannabis use so lower rates may not be possible)

How do we choose which life insurance companies to do business with?

EgisLife has approved 35 life insurance companies nationally. These organizations understand the unique needs of the cannabis community and are equipped to provide custom rate underwriting. We require our community insurers to adhere to strict guidelines. Guidelines

Do we work with individuals and cannabis businesses?

Yes. EgisLife protects the cannabis community as a whole. This includes individual enthusiasts and cannabis businesses.

What type of cannabis-focused business does EgisLife protect?
  • Manufacturers of goods and equipment
  • Accountants
  • Non-Profits
  • Sports Therapy
  • Lawyers
  • Physicians
  • Ancillary Service Providers
  • Wholesalers and Brokers
  • Retail operations
  • Laboratories
  • Cultivation – Indoor, Greenhouse and Outdoor Operations
  • Property Managers
  • Landlords / LRO
  • Non-Profits
  • Technology
Who can I speak with if I have questions?

Feel free to contact us. We look forward to your correspondence.

Financial Professionals

How can I help EgisLife help me?

Just be earnest and honest. We’ve got everything else covered.

Are you looking for a place to grow your Practice?

If you are an experienced financial professional, we want to hear your story and introduce you to the planning objectives of the community. Requirements

Can Senior Advisors participate in EgisLife efforts?

Yes. Life insurance planning in our modern world can be complex. The experience and knowledge of the “old” guard is invaluable. EgisLife serves as a succession plan for select insurance professionals transitioning into retirement.

Will EgisLife appoint me if I am new to the insurance business?

Maybe. Why you?

Do we work with CPA’s?

Yes. We believe that accountants are on the front line of the cannabis legalization movement. As a company, EgisLife supports them with community introductions and business development resources.

How do I become appointed as a Broker or Financial Professional?

Broker Appointment

Is it easy to submit life insurance business to EgisLife?

As an appointed associate, you will be able to access the auto-direct system for submitting digital business. There isn’t an easier, faster or more appropriate way for you to help your clients secure custom rate life insurance coverage.

Pertinent Information

How do I contact EgisLife?

Contact Us

What type of insurance does EgisLife provide?

Life Insurance. Health Insurance. Commercial Insurance.

Does consuming cannabis automatically make me a smoker?

No. EgisLife has secured relationships with insurance providers that do not view Cannabis use as a smoker risk.

Will cannabis use be reported to any federal agencies or officials?

No. The life insurance industry is regulated by HIPPA. All medical records are required to be kept private, and cannot be shared with anyone without your permission.

What happens if I lie about using cannabis when applying for life insurance?

In the event of your death, a life insurance company can decline paying your beneficiary insurance proceeds. They may also report you to the Medical Information Bureau.

Contractually, they have the right to do so during the first 2 years of the policy. Point being, don’t lie. The cannabis community can secure coverage through EgisLife regardless of cannabis use.

What is the Medical Information Bureau?

The existence of the Medical Information Bureau (“MIB”) is one of the reasons why you should never lie on a life insurance application about cannabis use.

The MIB is a confidential, not-for-profit database used by insurance companies throughout North America.  The life insurance industry uses it to conduct a quick check of the medical information provided on your application to ensure that there is nothing in the database that conflicts with the answers you have provided to us.

More Info:

Am I treated any differently if I’m medically prescribed cannabis?

It depends on the medical condition that is being treated. Cannabis use by itself is not the sole risk our insurance partners focus on. It is the underlying medical condition that will most likely affect premium rates.

Will I have to take a medical exam?

EgisLife offers 3 different types of medical exam structures:

  • Guaranteed Issue Policies
    No medical exam required
  • Short Form Issue Policies
    Basic medical exam may be required
  • Standard Issue Policies
    Medical exam required

Let's Get Started

I need to protect with Life Insurance

Commercial Insurance, Health Insurance

Inquire here if you are a Cannabis related company seeking Commercial Insurance and or Health Insurance coverage. EgisLife will introduce the state of the Marketplace and current offerings.