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If You Or Someone You Love Is Struggling With Alcohol Addiction, You Can Visit The National Council On Alcoholism And Drug Dependence Or Find Out More Information Here About Getting Help.
-existing conditions can be anything to insurance companies. Perhaps you’ve had a heart condition or you were a smoker. Maybe you’re in remission from having has prostate or another type of cancer.
The pre-existing conditions that are rarely spoken about when talking about qualifying for life insurance are addiction, particularly alcohol addiction.
According to the National Council on Alcoholism and Drug Dependence, alcohol is the most widely used addictive substance in the United States, with over 17.6 million adults – or 1 in 12 adults – suffering from alcohol abuse.
Addiction is a painful subject for many, and one that can have devastating impacts on an individual’s personal and professional lives.
If you are a recovering alcoholic and have been told that you cannot obtain affordable life insurance, we are here to help.
When underwriting a client with a history of alcohol abuse, an insurer will ask the following questions:
• Has your doctor recommended treatment for alcohol abuse?
• Have you ever sought treatment for alcohol abuse?
Alcoholism is classified as a disease, and insurance companies look at it as such. A medical exam will be required by your carrier in order for you to qualify for coverage. Liver disease, cirrhosis, heart problems and diabetes are all associated with alcohol abuse. These diseases are frequently earmarked by underwriters and insurers as high risk, which means that an individual with a history of alcohol abuse could find themselves paying expensive premiums for coverage.
The other risks associated with drinking, such as motor vehicle accidents and depression, are also red flags for insurers. This makes qualifying for life insurance very difficult.
A study published by the National Centre for Biotechnology Information found that attending support groups, like Alcoholics Anonymous lowered relaps risk significantly. This risk was lowered even further by those individuals who obtained a sponsor.
Alcoholics Anonymous is not the only treatment option out there; even speaking to a trusted counsellor can help reduce relapse risks. Following a treatment program can have positive impacts on your premiums, as well.
It’s no secret that the better health you’re in, the better insurance rating you’ll receive.
Taking measures to exercise, eat well and improve your overall health – under your physician’s guidelines – will lower your risk and your premiums.
Addiction can control so many aspects of your life, and it may be frustrating to have come so far in your recovery, only to see that your past stands in the way of affordable life insurance coverage.
This does not have to be the case.
Our agents work with recovering alcoholics and take the time to get to know you individually. This gives us an advantage that most agents don’t have: we are able to present you in terms of you, the person, rather than your history of alcohol abuse.
You are so much more than a rating on a page, and we pride ourselves on our personal and professional relationships with our clients. If you have a history of alcohol addiction and are looking for affordable life insurance, you’ve come to the right place. We will find you the best policy for your situation and can help you improve your insurance ratings
You can work with an agent to find a life insurance policy and can get a personalized, free, and no-obligation life insurance quote in just a few minutes. It’s that easy to start protecting your family’s financial future! Requesting a life insurance quote through AIG Direct is now faster and easier than ever!
With My Term Life Guy, you can get quality term life insurance coverage for less. Call now and save up to 60% on your term life policy compared to the same coverage through other carriers. That means you can get similar coverage for your money – and that’s always a good thing!
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