Insurance firms 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 current presence of illegal drugs like THC and other prohibited chemicals. The underwriting team of the insurance company would then formulate living insurance coverage on the basis of the readings obtained from the medical tests.
Based on the results, they’d first assess if anyone was eligible for insurance. If he or she’s been discovered to be suffering from some form of terminal illness, then a insurance company might in most probability deny life insurance to the individual. If the applicant is deemed to be healthy, then a rates of premiums could be set at a lower standard since the heal risks related to individual are less. In the same vein Smokers, those despite having healthy bodies always end up paying considerably much higher premium rates than other healthy non-smokers.
With marijuana users, the fears become a lot more pronounced as lots of insurance consider the health risks to be very high 1000mg THC Cartridge 1ml. Yet all individuals should seriously consider applying for insurance due to the many obvious benefits that are included with it. To quite a level, many THC users refrain from applying for a lifetime insurance over worries 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 under the fear of being prosecuted, if these were to subject themselves to get a life insurance policy. This has prevented many of them from applying for a lifetime insurance, as a result of possibility of being caught for the current presence of THC inside their system while going for a drug test. This really is definately not the truth since the insurance company is obligated to 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 any manner. All individuals regardless of their drug habits should seriously consider applying for a lifetime insurance. There are numerous benefits to being eligible for a policy.
What does the current presence of THC mean for your lifetime insurance prospects?
Regarding applicants who are users of marijuana, there are a few options that they may consider while going in for insurance. Earlier it was once hard for marijuana users to even become eligible for a lifetime policies. Nowadays you will find many insurance companies that offer life insurance products even if you have now been tested positive for THC. Though it is inevitable why these applicants might have to qualify for smoker’s rates while applying for a lifetime insurance.
Your premium rates for your policy also depend on the degree and extent of narcotic use. If you’re a regular user, then it might be difficult to actually find an extensive package, which is both affordable and offers decent number of coverage. You might end up 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 many people. Even those applicants, who’ve been prescribed marijuana for medical use, would need to contend with paying higher rates if they become eligible for the policy.
For recreational users, it would generally be advisable to give up the habit before applying for insurance. THC usually stays in your system for a period of 4 to 8 weeks according to your body metabolism and other related factors. It could be wise to at the least wait for a period of 3 full months before applying for a lifetime insurance. In this way your chances of becoming eligible for an extensive life insurance coverage, gets greatly enhanced when your tests for the current presence of THC turn out negative.