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Alcoholism and Life Insurance | What You Need To Know

by Scott G on December 25, 2012

Post image for Alcoholism and Life Insurance | What You Need To Know

Alcoholism is a term used for problems with alcohol, levels that interfere with health, relationships, social and occupational responsibilities.

Factors in life insurance underwriting with alcoholism:

 

Dates of treatment and diagnosis?

Any relapse from abstinence?

Any legal problems?

Liver enzymes readings?

Any health problems?

Any drug abuse history?

Medications:

 

Pediapred Liquid, Medrol(generic=prednisolone)

Femiron, Feosol (generic-iron supplement)

Epogen, Procrit (generic-epoetin alfa)

FA8 (generic-folic acid)

Life insurance companies rating classes:

 

 •Preferred Plus

•Preferred

•Standard Plus

•Standard

Determining your rate with a history of alcoholism:

 

More than 10 years complete abstinence from alcohol= likely Preferred Plus

More than 5 years complete abstinence from alcohol=likely Standard

More than 2 years complete abstinence from alcohol= Below Standard

Less than 2 complete abstinence from alcohol=postponement

 

Life insurance with a history of alcoholism is still very attainable.  By knowing the factors that affect life insurance rates, you can shop with confidence and know what to expect.  You can use the instant quote engine on this site to determine your rates.  Also, keep in mind underwriting will also look at build, health conditions and lifestyle.  If you fall into a lower rating category than you anticipate, that is ok, you can still buy a policy and ask the life insurance company to re-evaluate your rate once your health has improved.

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