Insurance companies that sell life insurance policies conduct medical exams to test for the applicants overall state of health. These tests include urine and blood tests to detect the presence of illegal drugs like THC and other prohibited chemicals. The underwriting team of the insurance company would then formulate the life insurance coverage on the basis of the readings obtained from the medical tests.
Based on the results, they’d first assess if the individual was eligible to get insurance. If he or she has been discovered to be struggling with some kind of terminal illness, then your insurance company might in every probability deny life insurance to the individual. If the applicant is deemed to be healthy, then your rates of premiums could be set at a lower standard since the heal risks associated with individual are less. In the exact same vein Smokers, those despite having healthy bodies always find yourself paying considerably greater premium rates than other healthy non-smokers.
With marijuana users, the fears become a lot more pronounced as lots of insurance consider the health problems to be very high. Yet all individuals should seriously consider applying for insurance because of the many obvious benefits that are included with it. To quite a level, many THC users keep from applying for life insurance over driving a car of getting prosecuted.
Can you fear being prosecuted, if tested positive for THC?
Plenty of individuals who use illegal drugs like marijuana; cocaine, opiates, lsd etc often live beneath the fear of being prosecuted, if they were to subject themselves to get a life insurance policy. It’s prevented many of them from applying for life insurance, because of the possibility of being caught for the presence of THC inside their system while going for a drug test. That is definately not the truth while the insurance company is obligated to steadfastly keep up client confidentiality through the Health Insurance Portability and Accountability (HIPPA) act. This act ensures that your privacy and trust is not violated in just about any manner 1000mg THC Cartridge 1ml. All individuals regardless of these drug habits should seriously consider applying for life insurance. There are many benefits to being entitled to a policy.
What does the presence of THC mean for your lifetime insurance prospects?
Regarding applicants who are users of marijuana, there are several options that they can consider while planning for insurance. Earlier it used to be problematic for marijuana users to even become eligible for life policies. Nowadays you can find quite a few insurance companies offering life insurance products even if you have already been tested positive for THC. Although 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 their education and extent of narcotic use. If you’re a typical user, then it could be difficult to actually find a comprehensive package, which can be both affordable and offers decent quantity of coverage. You could find yourself paying 50 to 400 per cent significantly more than what healthy non-smokers pay on their policies. This might not be a feasible investment for many people. Even those applicants, who’ve been prescribed marijuana for medical use, will have to contend with paying higher rates should they become entitled to the policy.
For recreational users, it would generally be advisable to give up the habit before applying for insurance. THC usually stays in one’s body for an amount of 4 to 8 weeks according to the human body metabolism and other related factors. It could be a good idea to at the least wait for an amount of 3 full months before applying for life insurance. In this way your likelihood of becoming entitled to a comprehensive life insurance coverage, gets greatly enhanced whenever your tests for the presence of THC turn out negative.