Alcohol Abuse Life Insurance Rates – We're Here to Help
Finding a Policy Doesn’t Need to be Difficult
It’s not easy to find an insurance policy when you’re dealing with health issues like Alcohol Abuse. Many insurance companies decline Alcohol Abuse coverage, but at our brokerage, we are happy to help and will find you your most affordable option. Instead of trying to find a policy yourself, let us help you narrow your options. We are familiar with many impaired risk life insurance companies, making us well-equipped to find you the best rate possible.
We are very experienced in assisting people with a history of alcohol abuse get life insurance. There is a common misconception that people with histories of alcohol abuse can't get life insurance policies. However, you just need to find the right insurance company.
People who have had issues with alcohol are at a higher risk of not being approved by life insurance underwriters. However, this doesn’t mean you can't get coverage. Alcohol abuse is a risk for companies. That's why what matters is how your insurance broker presents it to the life insurance company.
Life insurance companies will not care if you drink a bit now and then. The issue arises when social drinking becomes a drinking problem.
Even if you don’t show any symptoms, something like a DUI on your record can imply that you may have a drinking problem.
If the underwriter believes you have a drinking problem, he/she will ask a series of questions about the severity of your alcohol consumption. Some of these questions may include:
- What was the date of initial treatment or diagnosis? (if applicable)
- Did you relapse?
- Have you had any legal problems? (DUI etc)
- What’s your current consumption of alcohol?
- Do you currently smoke cigarettes?
- Do you have any other major health problems?
Moreover, an underwriter will look for the following in your medical exam and medical records:
• Elevated liver enzymes
• Positive alcohol markers
• Driving under the influence charges
• Medical complications related to alcohol
• Substance use such as marijuana or cocaine
The smartest thing you can do is to be open with your agent about your behavior concerning alcohol. The more information we have, the better rates we can find for you.
It’s also important to note that every insurance company looks at alcohol abuse differently. Some take on a more lenient approach, and others are much more intolerant.
In fact, you may even be able to get a standard rate if you can prove that you have been sober for several years. It all depends on the company and how long you have been sober. If you can provide us with information, we can match you with a company that will offer you the best rate.
Leave it to Us
Because we have experience working with insurance companies, we know how they assess risk like alcohol abuse. If you had troubles with alcohol in the past, we'll find you a life insurance policy.
We’ll ask you detailed questions about your past alcohol consumption to form an individual profile. Then, we'll send it (anonymously) to the companies who are known to be lenient with people with similar issues. We aim to pair you with a company who is going to look at your condition most favorably.
Some agents don’t look into the details of your case, so they’re ignoring factors that might increase your chances of getting a good rating classification. On the other hand, we are specialized agents in high-risk insurance. As a brokerage, we are only interested in helping you find your best insurance options. Don’t hesitate to give us a call at 212-484-9888 for some peace of mind in knowing you’re getting the best rate.