Alcohol, drug abuse, and life insurance
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 mortality. Excess alcohol consumption has been associated with heart problems such as alcoholic cardiomyopathy (which is a weakening of the heart muscle), arrhythmia, atrial fibrillation, ventricular tachycardia. Other concerns are stroke; high blood pressure (heavy alcohol usage can activate the release of some stress hormones that can cause blood vessel constriction); liver problems such as hepatitis, fibrosis, cirrhosis; Cancer (mouth, esophagus, throat, liver); immune system disorders; and Pancreatic problems.
For life insurance applicants with a history of excess alcohol use substandard rate may apply or they could be declined. 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 excessive alcohol consumption.
In cases where someone has been ‘clean’ for several years a standard rate is possible.
What is considered ‘risky’ drinking. One major company defines it as 14 drinks or more per week for men, and 7 drinks per week or more for women.
Marijuana and life insurance
Life insurance companies have dramatically different view on marijuana usage. Several companies may offer their best rate class for some recreational users. The term ‘recreational’ will vary from company to company. For some it means two times per week, for others it may mean five times per week. This is a moving target. It is best to collect information about the frequency of usage and send it off for a quick quote.
Other companies’ offers could range from standard nonsmoker to standard smoker to decline.
Cocaine and other substances
Most companies will postpone two years than rate it standard to table Frate a case now learn to rate impaired life cases