Consumption of alcohol is common in American society. For the majority of drinkers of alcoholic beverages, there is little risk to health or longevity. However, excess alcohol intake has a substantial impact on population mortality. In applicants with a history of risky alcohol habits, an increased premium (or possibly rejection, depending on severity) is necessary on their life insurance policy. The underwriter will use medical records (especially those related to treatment for substance abuse and psychiatric illness), social profile, motor vehicle reports, laboratory results, and physical findings in order to assess the risk associated with excess alcohol consumption.
Alcoholism is a primary, chronic disease with genetic,
psychosocial, and environmental factors influencing its development and manifestations. The disease can be progressive and fatal. It is characterized by impaired control over drinking, preoccupation with the drug alcohol, use of alcohol despite adverse consequences, and distortions in thinking, most notably denial.
Risky drinking (per the NIAAA - National Institute on Alcohol Abuse and Alcoholism) is:
For men,> 14 drinks per week or> 4 per occasion
For women, >7 drinks per week or>3 per occasion
LIFE INSURANCE SOLUTIONS has worked with many individuals with alcoholic histories. We have helped many obtain reasonably priced life insurance policies. Our experience with underwriters working with these situations is invaluable to the client since we are able to identify just which insurance company will look at your case more favorably. Life Insurance Solutions, in summary when underwriting an alcohol disease history, suggests for those persons looking for life insurance for alcohol, our underwriting staff can be of great value in placing the case
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