Declined for Past Alcohol Abuse

[victor247]

We ended up going with Lincoln. We got him insured with term for now, and as a few years go by, he stays clean and makes more money, we will be looking to convert to permanent.

 

[jboussea]

We ended up going with Lincoln. We got him insured with term for now, and as a few years go by, he stays clean and makes more money, we will be looking to convert to permanent.

what rating did he get with Lincoln?

 

[adjusterjack]

The temporary flat extra of $10.00 per thousand is the killer. I might just have him wait another year and then reapply.

Sell him $50,000 instead of waiting. That's only an extra $500 per year. That gets him covered and gets you a customer.

A year from now, when he can get standard rates, he's likely to be talking to other agents.

 

[eersfan]

Im working with a friend that has a past with Alcohol abuse. He's 32 years old, athletic, doesnt' smoke, and healthy. The reason Ohio National declined him and MassMutual rated him is for the alcohol. He went for treatment and now its on his record. He's been clean for over 4 years, started a family, just had a child and purchased a home. Totally got his life on track but now having a hard time getting underwritten. Any companies come to mind that might not be so rough on underwriting? Or should we look at guaranteed issue and who would be best? Thank you!!

4 years sober is still too soon for most, if not all life insurance companies. The chance of a relapse is still high. Another factor is whether your friend is receiving any kind of support such as attending AA meetings, etc. As others have already stated, another year sober will make a huge difference.