Wallace Group - Insurance Blog

Life Insurance for People who have been Addicted to Alcohol

Life insurance is a sound financial decision, but qualifying for a policy is not always as easy as applying, especially if you’ve struggled with alcohol addiction in the past. The problem is that insurance companies see alcohol addiction as a liability, because alcohol abuse causes thousands of deaths every year in the United States. However, it is possible for people to get insured after addiction, and today’s discussion will be dedicated to everything you need to know about obtaining life insurance after alcohol rehab. The Wallace Group is an expert at obtaining life insurance for people who have struggled with addiction and we are excited to help you.

People who have struggled with alcohol abuse or been to Alcoholics Anonymous meetings often wonder if it’s even worth the time and effort applying for life insurance. But the fact is that it is possible to get insured, so it’s also worth the time it will take to apply, get quotes, and go through the process. However, there is a caveat, and it’s this: if you're still addicted and currently abusing alcohol, then your application will likely be denied. In order to get life insurance coverage, you have to be sober at least 2 years for a policy to have day-one coverage. If you haven’t been sober for 24 months, you can purchased a guaranteed issue plan which means return of premium plus interest for 2 years if you die of natural causes or illnesses. We will explain that further when you call us.

For recovering alcoholics, coverage will depend on your sobriety history, criminal history, if any, age, gender, whether you’ve been to rehab, and other information related to your addiction, and other medical factors. The longer you’ve been sober, the better your plan options and premiums will be. Most insurance companies will require at least two years of sobriety before they’ll provide insurance. Depending on the type of insurance you choose, you may also have to undergo a medical exam that will test your liver function and check for alcohol markers.

If you have had a history of alcohol dependency, there more specific you can be with information, the better. We are not here to pass judgement and all of your information is confidential. The questions you're asked may be slightly different than for somebody who doesn’t drink, people who need life insurance after rehab, AA, or alcohol addiction can expect the following questions:

At what age did you start drinking?

Do you currently drink and how much?

How long were you addicted to alcohol?

Have you sought treatment for alcohol and when?

Have you ever relapsed?

Have you ever been arrested for driving while intoxicated?

Do you attend AA or another support group?

What is your history with other drug use?

Do you have any other medical conditions?

At The Wallace Group, we have plenty of experience helping recovering addicts to find the insurance they need to keep themselves and their families safe. We can help you with the application process, give you tips, and help to prepare you for the types of questions you can expect when applying for life insurance. We believe that everybody deserves life insurance, and we’ll work with you to find a plan with the right rates that suits your history, your needs, and your family.

Getting life insurance after alcohol addiction and abuse may seem like an impossible task, but many recovering alcoholics are eligible for some level of life insurance. The important thing to remember is that your addiction and sobriety history will be taken into account when you apply, and the longer you’ve been sober, the better the rates and plans you'll be offered. Contact us today and get a quote!

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