If you have had a history of Alcoholism, Alcohol Abuse or Alcohol Dependency then you may find that you are required to provide additional information or a GP report may be requested. Any Alcoholism life insurance applications will be individually reviewed by insurance underwriters to provide an accurate assessment of the level of risk for your circumstances. Insurance underwriters will look at:
- How long ago you were classed as alcohol dependent or when you last consumed any alcohol
- What treatment or counselling you had and when
- Did your Alcoholism result in you having any other health issues (e.g. Liver damage, diabetes, heart conditions etc.)
- Are you still classed as alcohol dependent
Most insurance underwriters will want to see a copy of your medical records for Alcoholism life insurance applications so that they can see the whole picture. This is not an exercise to make sure that you are telling the truth, this is simply to make sure that they make an accurate decision.
Alcoholism life insurance is something that insurance providers will offer cover for and regularly terms will be offered at the insurers standard rates, especially if the alcohol abuse was several years ago and no further issues.
If you are applying for Alcoholism life insurance and you have had a more serious or severe problem, and especially where the Alcoholism was more recent, then there could be additional underwriting requirements. There are certain key factors that will determine what premium you will pay for your Alcoholism life insurance or whether you will be offered terms at all if you are still considered to be alcohol dependent.
If you have previously applied for Alcoholism life insurance and had cover declined, postponed or offered with special terms then you should speak to one of our expert advisers. You may have had issues getting cover in the past then it could be for a number of reasons, such as you applied to the wrong insurance provider or you were not in a position to be offered cover at the time because of your health. Life insurance underwriting for Alcoholism changes regularly as well so there could also be a chance the things have changed in your favour.