How To Get Life Insurance With Alcoholism [2023]

If a doctor has diagnosed you as suffering from alcohol use disorder, you may worry that you won’t be able to get term life insurance. What kind of questions will the underwriters ask, and will you be able to qualify so that you can obtain some protection for your loved ones? We realize that these can be difficult questions, and it’s not always easy to find answers, so we’ve researched everything about term life insurance for alcoholics for you here.

Where should your rates be? You can compare term life insurance quotes to find out. Enter your ZIP code above for a FREE instant life insurance quote with alcohol addiction and compare it against what you’re paying today. Then read on to see how you can be on the path to reduced rates.

Investigating Term Life Insurance for Alcoholics

The good news is that it is possible to get term life insurance for alcoholics. Still, the insurance companies will need to gather a lot of information about your past and current health in order to come up with an offer that makes sense for both sides. You’ll need to talk openly about your history with alcohol as you complete the application, and will need to have blood tests in support. The company will then assess your case against their rating scale and come back with a response.

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Life Insurance With a History of Alcoholism

There is little question that alcohol abuse can be difficult to deal with and presents an ongoing health problem. Life insurance companies will treat it like other medical conditions. You can get life insurance with a medical condition, but it is more of a risk for the company, so they will charge you more.

It is possible to get term life insurance for addicts, but insurance companies understand the challenge and may worry that an applicant could have long-term health and safety issues. They may err on the safe side when underwriting and offering coverage.

So, to assess the situation, life insurance companies will initiate an underwriting process following life insurance underwriting guidelines. The first step will be a detailed application.

If you’ve been incident-free for more than two years, you can start with the following providers.

What’s on a term life insurance application?

First, you will need to be open about your history of alcohol use when you complete the application for term life insurance. It is not a good idea to lie on your term life insurance application. If you have a history of alcohol abuse, the company will want to see that you have received treatment and regularly visit your doctor to check on your progress.

They’ll ask you to send in a blood sample, which a lab technician will test to look for specific markers (enzymes and proteins) related to liver function.

They may also refer to your driving records to see if there is any history of driving while intoxicated. They might perform a background check looking for any evidence of criminal charges associated with disorderly conduct, which could have a link to alcohol abuse.

What is term life insurance?

Term life insurance policies are issued for a specific period, usually for 10, 20 or 30 years. They are different from permanent life insurance policies, which have no end date but tend to be considerably more expensive.

What do underwriters look for on term life insurance applications?

The underwriters will consider your age at diagnosis and the amount of time that has passed since then. They’ll also consider the length of time between treatment and recovery and see if you adhere to the doctor’s recommendations. The insurers will want to know that you are regularly visiting your doctor for follow-up advice.

Expect them to look at your general health and note if you are a tobacco or drug user. If you continue to drink now, you may not be successful, and if you ask, “can I get life insurance if I drink every day?” this would likely raise a red flag.

What do term life insurance rating pools mean?

Insurance companies use life insurance rating classes when looking at coverage.

• Preferred Plus is for people who have no health issues and good family history. 
• Preferred is for those who may have had health issues in the past or family history that may indicate the potential for problems in the future. 
• Standard is for those who have some existing or expected health concerns. 
• Substandard is also known as Tables A to H.

You are likely to be in a higher rated pool (such as substandard) due to your issues with alcohol.

The table below will give you a reference for average quoted rates from the top 10 leading insurers for term insurance. These are the lowest potential rates available from the preferred rate pool.

How to Apply for Term Life Insurance for Alcoholics

If you are an alcoholic or a doctor has diagnosed you with alcohol use disorder, you should be in full recovery before you apply for term life insurance. Gather all your doctor’s contact information and ensure your medical records are up to date. Keep up with your regular doctor’s visits and maintain as healthy a lifestyle as possible, including diet and exercise. Remember, if you continue to drink, those markers will show up on a blood test following your application.

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Final Thoughts on Getting Term Life Insurance for Alcoholics

You can certainly qualify for term life insurance if you suffer from alcohol addiction. Still, approval will be up to underwriters and based on the information in your application and accompanying tests. It may be a good idea to shop around to compare offers. Also, if your life insurance was denied as an alcoholic, you can always try another company.

So what are you waiting for? Get started comparing term life insurance for recovered alcoholics right now with our FREE quote tool here and get an instant quote in minutes.

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