Insurance companies that sell life insurance policies conduct medical exams to check on for the applicants overall state of health. These tests include urine and blood tests to detect the presence of illegal drugs like THC or other prohibited chemicals. The underwriting team of the insurance company would then formulate the life insurance policy on the basis of the readings obtained from the medical tests.
On the basis of the results, they’d first assess if the individual was eligible to receive insurance. If he or she’s been discovered to be experiencing some form of terminal illness, then the insurance company might in every probability deny life insurance to the individual. If the applicant is deemed to be healthy, then the rates of premiums will be set at a lesser standard since the heal risks related to individual are less. In the same vein Smokers, those even with healthy bodies always find yourself paying considerably higher premium rates than other healthy non-smokers.
With marijuana users, the fears become even more pronounced as lots of insurance look at the health threats to be very high. Yet all individuals should seriously consider applying for insurance due to the many obvious benefits that are included with it. To quite an extent, many THC users refrain from applying for life insurance over worries of getting prosecuted.
Do you fear being prosecuted, if tested positive for THC?
Lots of people who use illegal drugs like marijuana; cocaine, opiates, lsd etc often live beneath the fear to be prosecuted, if they certainly were to subject themselves to purchase a life insurance policy. It’s prevented most of them from applying for life insurance, as a result of possibility to be caught for the presence of THC in their system while having a drug test. Delta 8 Disposable 1000mg THC Cartridge 1ml That is not even close to the facts while the insurance company is obligated to keep up client confidentiality through the Health Insurance Portability and Accountability (HIPPA) act. This act ensures your privacy and trust isn’t violated in virtually any manner. All individuals regardless of the drug habits should seriously consider applying for life insurance. There are numerous benefits to being qualified to receive a policy.
What does the presence of THC mean for your life insurance prospects?
Regarding applicants who’re users of marijuana, there are some options that they may consider while planning for insurance. Earlier it used to be hard for marijuana users to even become eligible for life policies. Nowadays you will find many insurance companies offering life insurance products even if you have now been tested positive for THC. Though it is inevitable why these applicants may need to qualify for smoker’s rates while applying for life insurance.
Your premium rates for the policy also depend on the amount and extent of narcotic use. If you’re a typical user, then it could be difficult to actually find a thorough package, that is both affordable and offers decent quantity of coverage. You could find yourself paying 50 to 400 per cent a lot more than what healthy non-smokers pay on the policies. This might not be a feasible investment for all people. Even those applicants, who have been prescribed marijuana for medical use, will have to contend with paying higher rates if they become qualified to receive the policy.
For recreational users, it’d generally be advisable to stop the habit before applying for insurance. THC usually stays in one’s body for a period of 4 to 8 weeks depending on your body metabolism and other related factors. It will be a good idea to at least wait for a period of 3 full months before applying for life insurance. This way your likelihood of becoming qualified to receive a thorough life insurance policy, gets greatly enhanced as soon as your tests for the presence of THC prove negative.