Insurance companies that sell life insurance policies conduct medical exams to check for the applicants overall state of health. These tests include urine and blood tests to detect the clear presence of illegal drugs like THC and other prohibited chemicals. The underwriting team of the insurance company would then formulate the life span insurance plan based on the readings obtained from the medical tests.
On the basis of the results, they would first assess if the individual was eligible to receive insurance. If he or she’s been discovered to be struggling with some type of terminal illness, then a insurance company might in every probability deny life insurance to the individual. If the applicant is deemed to be healthy, then a rates of premiums would be set at a lesser standard because the heal risks connected with individual are less. In the exact same vein Smokers, those despite having healthy bodies always end up paying considerably greater premium rates than other healthy non-smokers.
With marijuana users, the fears become much more pronounced as plenty of insurance consider the health risks 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 an extent, many THC users avoid applying for life insurance over the fear to getting prosecuted.
Would you fear being prosecuted, if tested positive for THC?
A lot of individuals 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 get a life insurance policy. This has prevented many of them from applying for life insurance, due to the possibility to be caught for the clear presence of THC inside their system while taking a drug test. That is not even close to the truth while the insurance company is obligated to maintain client confidentiality through the Health Insurance Portability and Accountability (HIPPA) act. This act ensures your privacy and trust isn’t 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 eligible for a policy.
What does the clear presence of THC mean for your lifetime insurance prospects?
With regard to applicants who’re users of marijuana, there are some options that they’ll consider while going in for insurance. Earlier it used to be hard for marijuana users to even become eligible for life policies. Nowadays you can find quite a few insurance companies offering life insurance products even although you have been tested positive for THC. Although it is inevitable these applicants may need to qualify for smoker’s rates while applying for life insurance.
Your premium rates for your policy also depend on the degree and extent of narcotic use. If you are a regular user, then it could be difficult to actually find a thorough package, which can be both affordable and offers decent quantity of coverage. You may end up paying 50 to 400 per cent a lot more than what healthy non-smokers pay on the policies. This may not be a feasible investment for all people. Even those applicants, who’ve been prescribed marijuana for medical use, would need to contend with paying higher rates when they become eligible for the policy.
For recreational users, it’d generally be advisable to quit the habit before applying for insurance. THC usually stays in one’s body for an amount of 4 to 8 weeks according to your body metabolism and other related factors. It would be smart to at the least watch for an amount of 3 full months before applying for life insurance. In this way your likelihood of becoming eligible for a thorough life insurance plan, gets greatly enhanced whenever your tests for the clear presence of THC turn out negative.