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 presence of illegal drugs like THC or other prohibited chemicals. The underwriting team of the insurance company would then formulate the life insurance coverage based on the readings obtained from the medical tests.
On the basis of the results, they would first assess if anyone was eligible to receive insurance. If he or she has been discovered to be suffering from some type of terminal illness, then a insurance company might in all probability deny life insurance to the individual. If the applicant is deemed to be healthy, then a rates of premiums would be set at less standard as the heal risks related to individual are less. In exactly the same vein Smokers, those despite healthy bodies always find yourself paying considerably much higher premium rates than other healthy non-smokers.
With marijuana users, the fears become even more pronounced as plenty of insurance think about the health threats to be very high. Delta 8 Yet all individuals should seriously consider applying for insurance due to the many obvious benefits that come with it. To quite a level, many THC users keep from applying for a lifetime insurance over worries to getting prosecuted.
Would you fear being prosecuted, if tested positive for THC?
Lots of individuals who use illegal drugs like marijuana; cocaine, opiates, lsd etc often live underneath 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, due to the possibility of being caught for the presence of THC in their system while having a drug test. This is not even close to the reality while the insurance company is obligated to 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 just about 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 presence of THC mean for your life insurance prospects?
Pertaining to applicants that are users of marijuana, there are several options that they can consider while going in for insurance. Earlier it was once problematic 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 already been tested positive for THC. Though it is inevitable these applicants might have to qualify for smoker’s rates while applying for a lifetime insurance.
Your premium rates for the policy also be determined by their education and extent of narcotic use. If you should be a typical user, then it might be difficult to actually find a comprehensive package, that is both affordable and offers decent level 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 may possibly not be a feasible investment for several people. Even those applicants, who have been prescribed marijuana for medical use, would need to contend with paying higher rates should they become eligible for the policy.
For recreational users, it’d 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 would be wise to at the very least watch for an amount of 3 full months before applying for a lifetime insurance. In this way your chances of becoming eligible for a comprehensive life insurance coverage, gets greatly enhanced when your tests for the presence of THC prove negative.