First of all nice to meet you here and good luck on your new positon at Growers Network. Your company is amazing and is going places my friend! Enjoy the ride!
Regarding what testing is done when applying for life insurance. The answer depends on many factors. But the normal way an insurer can and does test is during the insurance exam and para-med which includes testing for THC in the urine and/or blood. Some companies check for THC in the urine only and some test both.
Keep in mind up to this point it mattered how one would answer the question: Have you ‘ever’ usedmarijuana. In my 31+ years selling life insurance to thousands of people, I only had 1 person answer yes. This is the same for all agents. People hide the truth. They also get caught and DECLINED! No longer. I feel great about what my company can offer the cannabis community now.
My main insurer is 420 friendly and as long as the user admits to using cannabis, then it is not a factor. The proposed insured does NOT need to live in a legalized state nor do they have to have a medical marijuana card. This is new and exciting and my company I started CannaLife Insurance & Financial solutions with the main goal after 30 years in the insurance industry to bring my knowledge and industry connections together to assist the cannabis user (all forms) to obtain life insurance and not be declined (s long as otherwise insurable). However, we also offer life insurance to a cannabis business owner(s) as personal insurance only at this time. Also, life insurance and many other insurance products to are available through a select insurer i work with for cannabis employees. This is done on a payroll deduction work-site marketing platform. It does not cost the employer anything to participate in offer in these incredible benefits to their valued staff.
Lastly,what started out as a need for many growers and has now expanded to all of the cannabis businesses is the need for funding for some businesses. I have started a division that is involved in CANNABIS FUNDING. From $25,000 - ??? (millions…call to inquire).
Jordan, feel free to contact me anytime if you have any questions.
Again congratulations on your new position.
Ken Kaufman, LUTCF
CannaLife Ins & Fin’l Solutions, Founder & CEO
E. [email protected]