2024 Burial Insurance for CBD Oil Users
last updated on March 26, 2024If you use CBD oil and 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.
Life insurance companies look at marijuana byproduct users differently. Some insurance companies are still very conservative and will automatically decline marijuana or CBD oil use.
This article will address how insurance companies view the use of medical marijuana and the key to getting affordable burial insurance for CBD oil users.
FOR EASIER NAVIGATION:
- What Is My Best Insurance Option If I’m a CBD Oil User?
- What Types of Burial Insurance Should I Avoid?
- What Type of Burial Insurance Is Best?
- If I Use CBD Oil, Do I Need a Medical Exam to Qualify for Burial Insurance?
- Burial Insurance Underwriting If You’re a CBD Oil User
- How Much Insurance Do I Need If I Use CBD Oil?
- How Should I Pay My Premiums?
- CBD Oil Users and Burial Insurance Riders
- Information We Need if You’re a CBD Oil User
- Benefits of Burial & Funeral Insurance
- Other Common Uses for Final Expense Life Insurance for CBD Oil Users
- How Can Funeral Funds Help Me?
- Additional Questions & Answers On Burial Insurance For CBD Oil Users
What Is My Best Insurance Option If I’m A Cbd Oil User?
It’s important to understand that CBD oil users may be approved for burial insurance depending on the medical condition the CBD oil is treating.
The medical condition it is treating is the bigger concern of insurance companies because some medical conditions can reduce life expectancy. The insurance company will consider the nature of your condition before deciding to approve your application.
CBD OIL USE FOR MINOR HEALTH CONDITIONS
It is important to note that whether or not you will qualify for a level death benefit if you’re a CBD oil user entirely depends on the individual company. Every life insurance company is different, and they have different underwriting requirements. It is best to seek professional advice from an independent life insurance agency like Funeral Funds about your specific case.
If you are using CBD oil to treat a minor health condition and are otherwise healthy, you can qualify for a level death benefit.
A level death benefit plan 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.
Best Option: Level death benefit plan with first-day coverage
CBD OIL USE FOR SEVERE MEDICAL CONDITIONS
If you use CBD oil to treat a severe medical condition like a recent cancer diagnosis or terminal illness, you will be declined for a first-day coverage plan, 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.
A guaranteed acceptance policy has no health questions and doesn’t ask about CBD oil use or your medical condition. Guaranteed issue burial insurance costs more than a level death benefit plan, but you can be approved for coverage as quickly as 15 minutes.
You can qualify for this plan if you are a U.S. citizen between 50 and 85 years old.
Guaranteed issue policy has a two-year waiting period for a natural cause of death. If you pass away during the first two years due to any medical issues, your beneficiaries will receive all your premiums plus 10% interest. 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 benefits for any cause of death.
Best Option: Guaranteed issue burial insurance
What Types Of Burial Insurance Should I Avoid?
| PLANS TO AVOID | WHY? |
|---|---|
| Term life | Premiums increase after 5 years. Coverage ends after 80. |
| Pre-paid funeral plans | Expensive |
| Universal life | Tied with stocks |
| No health questions policies | With 2-year waiting period |
| Plans offering "teaser rates" | $9.95 per unit plans or $1 buys $100,000 coverage |
| Over priced plans | Insurance from TV and junk mail |
| Plans that accept mail-in payments | Risky |
| Plans that accept Direct Express | High lapse rate |
| Plans that accept Credit Cards | High lapse rate |
What Type Of Burial Insurance Is Best?
| FUNERAL FUNDS PLAN BENEFITS | INCLUDED |
|---|---|
| 1st Day Coverage | YES |
| Rates NEVER Increase | YES |
| Coverage NEVER Decreases | YES |
| Easy to get approved | YES |
| No Medical Exam | YES |
| Same Day Approval | YES |
| Death Claims Pay Fast | YES |
| Builds cash value | YES |
| Coverage Up To Age 121 | YES |
If I Use Cbd Oil, Do I Need A Medical Exam To Qualify For Burial Insurance?
You are NOT required to take a medical exam to qualify for burial insurance for CBD oil users.
When you apply for burial insurance, you only have to answer basic questions about your health. The application process is simple; you don’t need to provide medical records or blood and urine samples.
You’ll get the official approval from the insurance company often within minutes!
Burial Insurance Underwriting If You’re A Cbd Oil User
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 being 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 length of use, and the date last used.
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; 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 about negative repercussions for you. Your rights are 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.
Lying on an insurance application is FRAUD, and you risk losing your benefits.
How Much Insurance Do I Need If I Use Cbd Oil?
The amount of burial insurance you should buy varies depending on your personal and financial circumstances. However, burial insurance should cover the cost of your funeral, burial, and final expenses.
The first step to figuring out how much burial insurance you need is to know your end-of-life expenses. Your funeral cost is often the biggest single expense you need to pay. Other end-of-life expenses to consider are your outstanding medical bills, living expenses, credit card bills, and other debts.
Here’s an example of a funeral cost breakdown from the National Funeral Directors Association.
| AVERAGE FUNERAL COST WITH VIEWING AND BURIAL | |
|---|---|
| Non-declinable basic services | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Hearse | $325 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Metal casket | $2,500 |
| Vault | $1,572 |
| Median Cost of a Funeral With Viewing and Burial | $9,420 |
| AVERAGE FUNERAL COST WITH VIEWING AND CREMATION | |
|---|---|
| Non-declinable basic services fee | $2,300 |
| Removal/ transfer of remains to funeral home | $350 |
| Embalming & preparation of the body | $1,050 |
| Use of facilities for viewing & funeral ceremony | $965 |
| Service car/van | $150 |
| Basic memorial printed package | $183 |
| Cremation fee (if firm uses a third-party crematory) | $368 |
| Cremation Casket | $1,310 |
| Urn | $295 |
| Median Cost of a Funeral with Viewing and Cremation | $6,970 |
| Rental Casket | $995 |
| Alternate Cremation Container | $150 |
How Should I Pay My Premiums?
The best way to pay your premium is through a savings or checking account. We recommend you set a bank draft from your savings or checking account. That way, the bank will automatically pay your premium each month, and you don’t need to worry about your policy lapsing due to non-payment.
Cbd Oil Users And Burial Insurance Riders
Insurance policy riders add benefits to your policy. Adding insurance riders will enhance your policy to fit your needs. Some riders are built into your policy, while others can be added at an additional cost. Most riders are affordable, and it involves little to no underwriting.
Here’s a list of common burial insurance riders:
| FUNERAL FUNDS ADD-ONS | AVAILABILITY |
|---|---|
| Terminal Illness Add-On Benefit | Included with most plans |
| Nursing Home Care Add-On Benefit | Included with most plans |
Information We Need If You’re A Cbd Oil User
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 provide 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 with CBD oil?
- When were you diagnosed with a medical condition?
- Do you use other drugs?
- Have you been hospitalized because of illegal drugs?
Answer each question honestly. We need more information about your CBD oil use so we can place you with the right insurance company that will look at you favorably and offers you the best-priced policy.
Benefits Of Burial & Funeral Insurance
Here are some of the benefits of purchasing a burial or funeral policy:
- No medical exam or doctor’s visit is required – easy to get approved.
- Ease of issue – easy to qualify and get insurance coverage.
- No Money Down to get approved – have your policy start whenever you want.
- Level premium – your premium will never increase.
- Fixed death benefit – your death benefit will never decrease for any reason.
- Permanent protection – your policy can not be canceled by the life insurance company if you continue to pay your premiums.
- Tax-free – the death benefit is directly paid to your beneficiary tax-free upon your death
- Cash value builds up – burial insurance is a whole life policy that builds cash value over time.
Other Common Uses For Final Expense Life Insurance For Cbd Oil Users
All of these examples are appropriate uses for Final Expense Life Insurance:
- Burial insurance plan for CBD oil users
- Cremation insurance plan for CBD oil users
- Funeral home insurance plan for CBD oil users
- Final Expense insurance plan for CBD oil users
- Prepaid funeral plan insurance for CBD oil users
- Mortgage payment protection plan for CBD oil users
- Mortgage payoff life insurance plan for CBD oil users
- Deceased spouse’s income replacement plan for CBD oil users
- Legacy insurance gift plan to family or loved ones for CBD oil users
- Medical or doctor bill life insurance plan for CBD oil users
We can help you with any of the plans above. Your pricing will depend on your age, health, and coverage amount for each program option.
How Can Funeral Funds Help Me?
Finding a policy for CBD Oil users needn’t be frustrating; working with an independent agency like Funeral Funds will make the process easier and quicker.
We will work with you every step to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time searching for multiple insurance companies because we will do the dirty work for you.
We work with many A+ rated insurance carriers specializing in covering high-risk clients like you. We will search all those companies and match you 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, 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.
Additional Questions & Answers On Burial Insurance For Cbd Oil Users
Do I qualify for life insurance if I’m a CBD oil user?
While CBD oil is a popular health supplement, there may be concerns among life insurance companies about whether you qualify for coverage as a user of this substance. Generally speaking, it will depend on the type of CBD oil that you’re using and your overall health status.
Do I need to take a medical exam to qualify for life insurance?
You don’t need to take a medical exam to qualify for life insurance coverage, but the insurance company will likely ask you questions about your health and medical history to determine whether or not you qualify for coverage.
Do I qualify for a first-day coverage plan if I use CBD oil?
If you’re in good health and use CBD oil for wellness purposes, you may qualify for a first-day coverage plan. This type of policy doesn’t require a medical exam, and you can get coverage as soon as you purchase your policy.
Do I need to tell the life insurance company about my CBD oil use?
You need to tell the life insurance company about your CBD oil use only if they ask about it on their health questionnaire.
What happens if I don’t disclose my CBD oil use?
If the insurance companies don’t ask if you use CBD oil, you don’ have to tell them about it.
Is my privacy protected if I disclose to the insurance company that I use CBD oil?
Yes, your privacy will be protected by the insurance company if you disclose that you use CBD oil. They’re obligated to keep all information about your health and medical history confidential.
What if I want to use CBD oil for medicinal purposes?
If you want to use CBD oil for medicinal purposes, it’s important to be upfront with your doctor and the insurance company about this intention.
Can I qualify for burial insurance if I use CBD oil?
Yes, you can qualify for burial insurance if you use CBD oil. This type of insurance doesn’t require a medical exam, and no insurance companies we use ask about CBD oil use.
Do I need to provide medical records proving that I use CBD oil?
You don’t need to provide medical records proving that you use CBD oil.
Is there an age limit for burial insurance for CBD oil users?
Most life insurance companies accept applicants who are 18-85 years old.
Is there a waiting period for burial insurance for CBD oil users?
There is no waiting period for burial insurance for CBD oil users. You can get coverage right away if you qualify.
What are the benefits of burial insurance for CBD oil users?
Burial insurance for CBD oil users offers the same benefits as any other life insurance policy. This includes peace of mind for you and your loved ones, as well as financial protection in the event of your death.
What is my best insurance option if I use CBD oil?
Your best insurance option will depend on your health status and other factors. Your best bet is to speak to a qualified life insurance agent who can help you compare different policy options and find the right one for you.
Do I need a marijuana card to apply for insurance?
No, you don’t need a marijuana card to apply for insurance.
Can I qualify for final expense insurance if I use CBD oil?
Yes, you can qualify for final expense insurance if you use CBD oil. This type of policy doesn’t require a medical exam and allows for first-day coverage.
What are the things that may affect my insurance eligibility if I use CBD oil?
There are a few things that may affect your insurance eligibility if you use CBD oil, including your overall health and the medical condition CBD oil is treating.
Does my CBD oil use increase my life insurance rates?
In most cases, your CBD oil use will not increase your rates. However, if you’re using CBD oil to treat a medical condition, your rates may be higher than someone who doesn’t have a medical condition.
Does my CBD oil use affect life insurance?
In most cases, it will only impact your eligibility for coverage depending on the medical conditions it is being used to treat. In general, life insurance companies will want to make sure that you are in good health and don’t have any major health conditions that could put you at risk. CBD oil may also impact the type of life insurance coverage you qualify for and your rates.
Will I be charged a smoker rate if use CBD oil?
No, you will not be charged a smoker rate if you use CBD oil. However, if you use tobacco products in addition to CBD oil, you may be classified as a smoker and charged a higher premium.
How can I find an insurance company that offers burial insurance for CBD oil users?
To find an insurance company that offers burial insurance for CBD oil users, you can start by calling Funeral Funds at (888) 862-9456.
What is the waiting period if I use CBD oil?
There is usually no waiting period if you use CBD oil. Most insurance companies will review your application right away and determine your eligibility based on a variety of factors including your overall health and the condition that CBD oil is being used to treat.
Can I qualify for funeral insurance if I use CBD oil?
Yes, you can qualify for funeral insurance if you use CBD oil. This type of policy doesn’t require a medical exam, so as long as you disclose your CBD oil use to the insurance company, you should be eligible for coverage.
Will the life insurance company tell my employer I use CBD oil?
Every life insurance company will not tell your employer about your CBD oil use.
Can I qualify for cremation insurance if I use CBD oil?
Yes, you can likely qualify for cremation insurance if you use CBD oil. To determine your eligibility and rates, it’s important to speak to a qualified life insurance agent who can help you compare different policies and find the one that’s right for you.
Can I qualify for no medical life insurance if I use CBD oil?
Yes, you can qualify for no medical life insurance if you use CBD oil. This type of policy doesn’t require a medical exam, so as long as you disclose your CBD oil use to the insurance company, you should be eligible for coverage.
Can CBD oil use affect my life insurance rates?
Generally no, as most companies don’t even ask about CBD oil use.
What are the premiums for cremation insurance with CBD oil use?
The premiums for cremation insurance with CBD oil use will vary depending on a number of factors, including the insurance company you choose, your health, and the amount of coverage you need. To get an accurate quote, it’s important to speak to a qualified life insurance agent who can help you compare different policies and find the one that’s right for you.
What are my chances of getting approved for insurance if I use CBD oil?
It really depends on a number of factors, including your overall health, the condition that CBD oil is being used to treat, and the insurance company you apply with. Some insurance companies may be more lenient when it comes to approving people for coverage, while others may be more strict.
What are the best life insurance companies for CBD oil users?
There is no one “best” life insurance company for CBD oil users. Every company has different underwriting guidelines, so it’s important to work with a qualified life insurance agent who can help you compare different policies and find the one that’s right for you.
What are the tips for getting cremation insurance with CBD oil use?
- Be honest and upfront about your CBD oil use when filling out your insurance application. This will help ensure that you receive an accurate quote and are not denied coverage later.
- Work with a qualified life insurance agent who can help you compare different policies and find the right one for you.
- Be prepared to pay a higher premium if you use CBD oil to treat a medical condition. Some insurance companies may charge higher rates for those who use CBD oil.
- Keep in mind that your rates may go up if you use CBD oil and have other significant health conditions.
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