If you use CBD oil and you have a prescription for medical marijuana, you can qualify for burial insurance for CBD Oil users. Even with other health issues, you can still qualify for burial insurance regardless of your CBD oil use.
If you’re a CBD oil user, you can also qualify for life insurance. With an increasing number of U.S states legalizing marijuana products for medical use, the insurance industry has become more lenient over the years. Insurance coverage is now available even if you live in a state that has not yet legalized CBD oil for medical use.
The key is to apply with the right life insurance company (we can help you find companies offer the best life insurance rates for CBD oil users).
This article will address how insurance companies view the use of medical marijuana and the key on how to get affordable burial insurance for CBD oil users.
CAN YOU QUALIFY FOR LIFE INSURANCE IF YOU USE CBD OIL?
YES! You can qualify for burial insurance, final expense insurance, and life insurance even if you use CBD oil!
Regardless of the reason why you use CBD oil, you can still qualify for life insurance. The key is finding the life insurance carrier that looks favorably to CBD oil users.
Life insurance companies look at marijuana byproduct users differently. Some insurance companies are still very conservative and they will automatically decline marijuana or CBD oil uses. However, as marijuana and CBD oil is being legalized in many states for medical and recreational use, many life insurance companies are becoming more accepting of marijuana users.
And, the best thing…
Most CBD oil users will qualify for burial insurance without a medical exam. We know one insurance company that doesn’t even ask about marijuana use on their health questionnaire (let us know if you need help with this).
WHY DO INSURANCE COMPANIES CARE IF YOU USE CBD OIL?
Life insurance companies know that Cannabidiol (CBD) is a natural compound found in cannabis or marijuana plant. CBD is the most non-psychoactive compound in marijuana. It does not give you a “high” (that’s the reason why it is used medically).
CBD oil comes in different forms such as tincture, capsules, vapes, balms and lotion.
Many studies have proven the benefits of CBD oil for medical treatments. It is used to alleviate symptoms from injuries to diseases.
CBD oil is used to treat common health conditions including:
- Anxiety disorder relief
- Chronic pain relief for a headache, back injuries, and arthritis
- Relief from nausea for cancer and AIDS patients
- Nerve pain relief for those with diabetes, spinal cord, and other injuries and conditions
- Reducing seizures for those with epilepsy, Dravet and Lennox-Gastaut Syndrome
- Reducing tremors for those with Parkinson’s disease
- Controlling spasms and stiffness for those with Multiple Sclerosis
- Reduce pain for those suffering from Lupus
- Providing relief for Crohn’s disease
- Slow the progression of Alzheimer’s disease
- Ease symptoms of PTSD
- Improve sleep
CBD Oil can treat a lot of symptoms, and it will likely increase as more research is done.
If your symptom arises from something like cancer, epilepsy, arthritis, high blood pressure, or other diseases which caused your issuance of medical marijuana prescription, you’ll need to find out if you will qualify for final expense life insurance with your underlying disease first, not just the CBD oil use resulting from your symptoms.
It’s the medical condition that it is treating which is the bigger concern of insurance companies because some medical conditions can reduce life expectancy. Using CBD oil to treat anxiety is not going to be rated the same as cancer. The insurance company will consider the nature of your condition before deciding to approve your application.
When considering burial insurance for CBD oil users, many CBD oil users get excited that they can get life insurance but forget the cause why they are prescribed CBD oil or marijuana in the first place.
WHAT INFORMATION DO WE NEED IF YOU USE CBD OIL?
When applying for burial insurance for CBD oil users, it is critical to disclose any medical conditions. This information will help us understand your current health and will enable us to provide you with an accurate quote.
Here are some questions we may ask to help you find the best insurance company and rates:
- How long have you been using CBD?
- How many times a day do you use CBD oil?
- What medical condition is being treated by CBD oil?
- When were you diagnosed with a medical condition?
- Do you use other drugs?
- Have you been hospitalized because of illegal drugs?
- Do you use tobacco products?
Answer each question honestly. We need to know more information about your CBD oil use so we can place you with the right insurance company that will look at you favorably and offer you the best-priced policy.
UNDERWRITING BURIAL INSURANCE FOR CBD OIL USERS
Every final expense insurance company with underwriting will ask health questions and conduct a prescription history check to verify your health.
Some insurance companies will ask about marijuana or CBD oil use this way:
- Other than prescribed by a physician, have you ever used marijuana, stimulants, narcotics, sedatives, hallucinogens, or any prescription drugs?
You’ll notice that this question did not ask about CBD oil use. If you answer yes to any marijuana use, please provide us with the name, frequency, amount and the length of use and the date last used.
Don’t worry about disclosing your CBD oil use when applying for a life insurance policy. Your rights are totally protected under the HIPPA laws (Health Insurance Portability and Accountability Act 1996) and will never be released to law enforcement or public officials.
HIPPA guarantees that the information you disclose on your application is strictly private and confidential.
HOW WILL CBD OIL AFFECT LIFE INSURANCE ELIGIBILITY?
CBD oil use is common for some medical and psychological conditions. If you use CBD oil, the insurance company may want further information about your medical condition.
It is not the CBD oil use that plays a major role in underwriting, but the reason for your CBD oil use. The type of medical condition being treated by CBD oil is more important because it can impact the amount you will pay.
Other health conditions such as high cholesterol or blood pressure levels, diabetes or obesity can impact how you are rated and assessed.
The major factor in getting approval and getting the best rates is to apply to a CBD oil life insurance company. The best way to do this is to work with an independent life insurance agency that represents multiple companies.
DO YOU NEED TO DISCLOSE YOUR CBD OIL USE?
You are not obliged to disclose your CBD oil use if the insurance company does not ask about it. Most companies never ask about CBD oil; generally, they will only ask about your medical condition.
If the insurance company asks about CBD oil use, answer it honestly – do not lie. Tell them about your CBD oil use, including the amount you use and the frequency of usage. There is no need to worry that there will be a negative repercussion to you. You are protected by law.
Lying on an insurance application is FRAUD, and you run the risk of losing your benefits.
POLICY OPTIONS IF YOU ARE A CBD OIL USER
It’s important to understand that CBD oil users may be approved for a level death benefit depending on the medical condition the CBD oil is treating. If you are using CBD oil to treat a minor health condition and you are otherwise healthy, you can qualify for a level death benefit.
LEVEL DEATH BENEFIT
A level death benefit is the best rate class for burial insurance. This is great because you will only pay the lowest possible premium on your life insurance and your coverage starts on the first day. You will have no waiting period on your plan. Your beneficiaries will receive your full death benefit when you pass away for any reason.
It is important to note that whether or not you will qualify for level death benefit if you’re a CBD oil user entirely depend on the individual company. Every life insurance company is different, and they have a different underwriting requirement. It is best to seek professional advice from an independent life insurance agency like Funeral Funds about your specific case.
GUARANTEED ISSUE BURIAL INSURANCE
If you use CBD oil to treat a severe medical condition, you will be declined for a traditional life insurance policy, but there is another option. You can apply and receive approval for a guaranteed issue burial insurance even if you use CBD oil to treat a severe medical condition.
Guaranteed acceptance policy does not have any underwriting and doesn’t ask about CBD oil use nor your medical condition. Guaranteed issue burial insurance costs a bit more than a level death benefit plan, but you could be approved for coverage as quickly as 15 minutes.
If you are a U.S. citizen between 50 and 85 years old, you can qualify for this plan.
Since you are a CBD oil user treating a severe medical condition like cancer or epilepsy, GI policy is an excellent choice for you since they don’t ask about health questions about CBD oil. GI is for higher risk applicants or those who are in good health but don’t want to undergo a medical exam.
Guaranteed issue policy has a two-year waiting period for a natural cause of death. The policy will pay for accidental heath if you pass away during the waiting period. After the first two years, it will pay full death benefit for any cause of death.
If you pass away during the first two years as a consequence of any medical issues, your beneficiaries will receive all your premiums plus 10% interest.
Features that you should AVOID in many commonly advertised Guaranteed Issue burial insurance in TV and magazines:
- Increasing premium – many of these life insurance companies offer premium increase every five years. A real guaranteed issue burial insurance has a fixed premium and guaranteed to remain the same throughout the life of the policy.
- Policy termination at age 80 – some policies end when you reach 80 years old. Guaranteed issue life insurance is a whole life insurance policy that lasts a lifetime.
- 3-year waiting period – Avoid these plans at all cost. The best-guaranteed acceptance life insurance only has a two-year waiting period. It is important to work with an independent life insurance agency that will prevent you from being tricked into agreeing to buy a guaranteed issue life insurance with a 3-year waiting period.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy for CBD Oil users needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history of CBD Oil use, let us help you; we will work with you side by side to find a plan that fits your needs.
We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.
We will shop your case to different insurance carriers and get you the best price.
We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies to get the best rate. We will match you up with the best burial insurance company that gives the best rate.
We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for CBD Oil users funeral insurance, or CBD Oil users burial insurance, or CBD Oil users life insurance, we can help.
Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.