Over 140 million people worldwide have issues with regards to alcohol consumption, leading to 1 in 13 in the UK being alcoholic.
Let's face it, most of us enjoy a drink and alcohol is very much ingrained in UK culture. But how much is too much in the eyes of the insurer?
You're considered to be consuming an excess level of alcohol if you have over 15 drinks a week.
However, insurers don’t tend to require you undergo a medical if your weekly consumption is 40 units or less a week.
There are two types of alcohol misuse to consider when arranging your life insurance:
- Alcohol abuse
- Alcohol dependency
Alcohol abuse refers to infrequent consumption of alcohol but in dangerous quantities, sometimes to blackout.
This can lead to inappropriate consequences but doesn't mean your body is reliant upon the substance.
Alcohol dependency, on the other hand, is when your body has become reliant on the consumption of alcohol and you experience withdrawal symptoms if not consumed.
Both forms of alcohol misuse can bring with them significant medical implications and impact your life insurance.
Read on to establish how your life insurance options can be affected by alcohol…