President, Lane Independent Agency, Southern California
If you die from alcoholism, yes, it will be covered by life insurance, unless for some reason it was specifically excluded, which would virtually never have been done. Even if you concealed the fact that you were a heavy drinker, it would still be covered after two years. Only suicide is excluded and then only for the first two years. Thank you. GARY LANE.
That is a great question! The answer is yes, unless the answer on the application about drinking was falsified, (generally along the lines of "have been told they have, been treated for, or prescribed medication for alcohol abuse/dependency or addiction?", or "been asked to reduce the intake of or discontinue use of drugs or alcohol?") or the death occurred as a result of a crime committed while under the influence. Many policies will not pay if the death occurs because of criminal activity, and drunk driving would fall under that category. If the death occurs from long term chronic abuse, the policy should pay, but I'd have your agent confirm that for you. Thanks for asking!
If you are trying to get a life insurance policy while an alcoholic, it can be done. The price and type of policy you get will depend on the following:
1) Whether you are still drinking;
2) whether you have been to treatment;
3) if so, how many times;
4) if so, when was the the last time;
5) do you attend AA or other support groups;
6) do you have any DUI's or reckless driving charges;
7) is your drivers license suspended;
8) have you been able to hold down a job or show other signs of stability;
9) do you have major health problems associated with your alcoholism; and
10) do you use other drugs.
The worst case scenario is that you will need to take a graded policy. The best case scenario is that you have been sober long enough that being an alcoholic will not affect your policy rates too much.
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1) Whether you are still drinking;
2) whether you have been to treatment;
3) if so, how many times;
4) if so, when was the the last time;
5) do you attend AA or other support groups;
6) do you have any DUI's or reckless driving charges;
7) is your drivers license suspended;
8) have you been able to hold down a job or show other signs of stability;
9) do you have major health problems associated with your alcoholism; and
10) do you use other drugs.
The worst case scenario is that you will need to take a graded policy. The best case scenario is that you have been sober long enough that being an alcoholic will not affect your policy rates too much.