Alcohol consumption may have an effect on how much cover you can obtain and how much you’ll pay for your premiums.
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.
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, as well as impacting your life insurance.
However, rest assured you can still secure life insurance protection.
Read on to establish how your life insurance options can be affected by alcoholism…