Insurance firms 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 current presence of illegal drugs like THC or other prohibited chemicals. The underwriting team of the insurance company would then formulate living insurance coverage based on the readings obtained from the medical tests.
Based on the results, they’d first assess if anyone was eligible to receive insurance. If he or she’s been discovered to be suffering from some type of terminal illness, then the insurance company might in most probability deny life insurance to the individual. If the applicant is deemed to be healthy, then the rates of premiums could be set at a diminished standard since the heal risks connected with individual are less. In exactly the same vein Smokers, those even with healthy bodies always end up paying considerably greater premium rates than other healthy non-smokers.
With marijuana users, the fears become a lot more pronounced as plenty of insurance think about the health problems to be very high 1000mg THC Cartridge 1ml. Yet all individuals should seriously consider applying for insurance because of the many obvious benefits that come with it. To quite a level, many THC users keep from applying for life insurance over the fear to getting prosecuted.
Do you fear being prosecuted, if tested positive for THC?
A lot of people 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 purchase a life insurance policy. It has prevented most of them from applying for life insurance, as a result of possibility of being caught for the current presence of THC in their system while going for a drug test. That is not even close to the facts 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 the privacy and trust isn’t violated in virtually any manner. All individuals regardless of these drug habits should seriously consider applying for life insurance. There are several benefits to being qualified to receive a policy.
What does the current presence of THC mean for your life insurance prospects?
With regard to applicants who are users of marijuana, there are several options that they’ll consider while going in for insurance. Earlier it used to be burdensome 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 already been tested positive for THC. Though it is inevitable that these applicants might have to qualify for smoker’s rates while applying for life insurance.
Your premium rates for your policy also rely on their education and extent of narcotic use. If you’re a regular user, then it might be difficult to really find a thorough package, which will be both affordable and offers decent level of coverage. You could end up paying 50 to 400 per cent a lot 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, would have to contend with paying higher rates should they become qualified to receive the policy.
For recreational users, it’d generally be advisable to quit the habit before applying for insurance. THC usually stays in the body for an amount of 4 to 8 weeks depending on the human body metabolism and other related factors. It could be wise to at least watch for an amount of 3 full months before applying for life insurance. This way your likelihood of becoming qualified to receive a thorough life insurance coverage, gets greatly enhanced whenever your tests for the current presence of THC turn out negative.