Alcohol Use Can Affect Your Insurance Premium Rates

Now-a-days, alcohol abuse has become commonCDT test, one can know the liver enzyme level. If
among all age groups. Many people are abusinga person is a heavy drinker, then the CDT test
alcohol despite being aware of its harmful effects.would show elevated liver enzyme levels. The
More than half of the Americans are abusingpolicy of that person would be denied or the
alcohol. According to Centers for Disease Controlpolicy will be issued, but with higher policy rates.
and Prevention (CDC), 50 percent of adults areDUI conviction results in higher life insurance rates
current regular drinkers (at least 12 drinks) and 14DUI (Driving Under Influence) fatality is a serious
percent of adults were infrequent drinkers (1-11issue in the United States. All of the 50 states in
drinks) in 2008. National Institute on Drug AbuseUnited States and the District of Columbia
(NIDA) stated that 51.6 percent of Americansprohibits driving with Blood Alcohol Concentration
abused alcohol in 2008.(BAC) of 0.08 percent or more. If violated, the
Alcohol abuse leads to increased health risksperson will be under DUI conviction. Once a
including coronary heart diseases, heart attacks,person gets convicted under DUI, he/she should
obesity, chronic pancreatitis, fetal damage,wait at least a year to get life insurance policy
hardening of liver, chronic liver diseases, blackoutsoffer - that too with high insurance premiums.
and memory lapses, severe cognitive effects,Insurers will also check if the person has
lack of co-ordination, irregular heart beat, comasuccessfully completed the drug treatment
and even death. There will be decrease in lifeprogram, usually ordered by the court after DUI
expectancy in alcohol abusers by 10 to 15 years.conviction.
Since the alcohol abuse impacts the lifeIt's an uphill battle even for recovering alcoholics
expectancy of the abuser, the insuranceEven recovering alcoholics or those who left
companies distinguish between the abusers andalcohol long back, may still find it difficult to find a
non-abusers. Alcohol abusers have to pay hugelow cost life insurance policy. The person may be
insurance premiums when compared todenied insurance or would have to pay high
non-abusers.insurance rates because of high health risks
Anything more than social drinking may result inassociated with alcohol for many years. Generally,
higher life insurance premiumsan insurance application will be either declined or
If a person is a heavy drinker, he has to pay highpostponed within first two years of recovery
insurance premiums. Generally, more thanfrom alcohol.
two-three drinks a day will knock a person out ofAs we discussed above, alcohol abuse can have a
regular life insurance rates. When a person appliesmajor influence on your insurance premium rates.
for a insurance premium, he is inquired aboutEither the applicant's insurance policy will get
alcohol consumption. The person has to undergorejected or has to pay high life insurance
few medical examinations in order to make surepremiums rates. Therefore, it is necessary to
that he/she is not an alcohol abuser. The personavoid much alcohol intake to enjoy the benefits of
has to undergo liver function test calledinsurance.
Carbohydrate Deficient Transferrin (CDT) test. By