Burial Insurance for CBD Oil Users

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.

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.

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.

FOR EASIER NAVIGATION:


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 that 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 you 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 CONDITION

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 does not have any health questions and doesn’t ask about CBD oil use or your medical condition. Guaranteed issue burial insurance costs a bit more than a level death benefit plan, but you can 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.

Guaranteed issue policy has a two-year waiting period for a natural 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. 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.

Best Option: Guaranteed issue burial insurance


WHAT TYPES OF BURIAL INSURANCE SHOULD I AVOID?

PLANS TO AVOIDWHY?
Term lifePremiums increase after 5 years. Coverage ends after 80.
Pre-paid funeral plansExpensive
Universal lifeTied with stocks
No health questions policiesWith 2-year waiting period
Plans offering "teaser rates"$9.95 per unit plans or $1 buys $30,000 coverage
Over priced plansInsurance from TV and junk mail
Plans that accept mail-in paymentsRisky
Plans that accept Direct ExpressHigh lapse rate
Plans that accept Credit CardsHigh lapse rate


WHAT TYPE OF BURIAL INSURANCE IS BEST?

FUNERAL FUNDS PLANFEATURES
1st Day CoverageYES
Lifetime CoverageYES
Rates NEVER IncreaseYES
Coverage NEVER DecreasesYES
Easy To Get ApprovedYES
FUNERAL FUNDS INSURANCE BENEFITS 
Rates Never IncreaseYes
Coverage Never DecreasesYes
No Medical ExamYes
Same Day ApprovalYes
Death Claims Pay FastYes
Builds cash valueYes
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 some basic questions about your health. The application process is simple, and 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 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; 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 for you. 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.

Lying on an insurance application is FRAUD, and you run the risk of 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$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Hearse$340
Service car/van$150
Basic memorial printed package$175
Metal casket$2,500
Vault$1,495
Median Cost of a Funeral With Viewing and Burial$9,135
AVERAGE FUNERAL COST WITH VIEWING AND CREMATION 
Non-declinable basic services fee$2,195
Removal/ transfer of remains to funeral home$350
Embalming & preparation of the body$1,005
Use of facilities for viewing & funeral ceremony$925
Service car/van$150
Basic memorial printed package$175
Cremation fee (if firm uses a third-party crematory)$350
Median Cost of a Funeral with Viewing and Cremation$5,150
Cremation Casket$1,200
Rental Casket$995
Alternate Cremation Container$150
Urn$295


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.

PAYMENT METHODRECOMMENDED?
Savings AccountBest way to pay
Checking AccountBest way to pay
CashNot recommended
Money OrderNot recommended
Cashier's CheckNot recommended
Debit CardNot recommended
Credit CardNot recommended
Direct ExpressNot recommended
PAYMENT FREQUENCYRECOMMENDEDACCEPTED BY
MonthlyRecommendedAll Companies
QuarterlyNot RecommendedSome Companies
Semi-annuallyNot RecommendedSome Companies
AnnuallyNot RecommendedSome Companies


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 other riders 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-ONSAVAILABILITY
Terminal Illness Add-On BenefitIncluded with most plans
Nursing Home Care Add-On BenefitIncluded 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 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:

  1. How long have you been using CBD?
  2. How many times a day do you use CBD oil?
  3. What medical condition is being treated with CBD oil?
  4. When were you diagnosed with a medical condition?
  5. Do you use other drugs?
  6. Have you been hospitalized because of illegal drugs?

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 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 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 as long as 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?

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.

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 work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies and 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.

Life Insurance, Funeral Insurance, Final Expense Insurance, Burial Insurance CBD Oil Users Infographics

RELATED POSTS:

Call Now ButtonCALL NOW (888) 862-9456