- 190
I have a biz owner that had a cocaine problem 18 years ago. What Life carriers are more favorable towards former drug users?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I have a biz owner that had a cocaine problem 18 years ago. What Life carriers are more favorable towards former drug users?
Looking at AIG's u/w guide, they show postponement if within 3 yrs. Rating A-C and D-H otherwise... So I would take from this that they would rate him Tbl B even though it has been 18 yrs since last usage.
This would be potentially a someone that might benefit from a Fidelity rapid decision term, as the issue wouldn't be raised unless criiminal activity was involved, and even then it might not be an issue due to the length of time that has past.
Depends sligthly on the health of the individual, what you are attempting to accomplish, coverage amounts, etc... But that is my best thought thus far.
...Getting nailed for DUI bumps your rating up but if the person was also treated for alcoholism then they may be denied. Mileage varies according the carrier.
Winter
Interesting, but on the other hand I was speaking with an underwriter a couple of weeks ago and they said the opposite. It was for a DUI less than two years ago though, and their stance was the DUI knocked them out until after two years had passed, or, if they had gone to an eval and a safe driving school they could get written now with a two-year flat extra added to the standard rating, or, if they had completed the above, gotten treatement, quit drinking, and attend AA, they might consider writing at standard today. (first offense, no other questionable history, stable family and employment)
Different companies can be very different.
MetInvestors just approved my client for 500k. He still goes to NA and AA after 15 years being sober. He recieved a nonsmoker standard rating.