Life Insurance For Alcoholics
Reader’s Question:
What will happen to my life insurance policy if the life insurance company finds out that I’m an alcoholic?
Ron
Washington DC
The underwriter who reviews your life insurance application in Washington DC looks at a couple of things before they “red flag” you as risk. These are the blood test where the company checks your liver enzymes for a sign of alcohol-related problems or other medical problems, drunk driving convictions and the APS or the Attending Physician Statement.
If the underwriter notices “red flags” in one or more of these things while reviewing your application, he/she may issue a policy with higher rates, decline your request, postponed your application or look for further information from your doctor that would aid the investigation.
If you got a DWI a few years back and got a high enzyme result when you took the life insurance medical exam,
you are likely to be offered with high premium life insurance policy. If the results of the test shows that you liver is functioning normally and you do not have DWI record but you admit to drinking heavily, the rates may be standard.