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Have a great St. Patrick’s Day
March 17th, 2011
Have a great St. Patrick’s Day everyone; but make sure that you do not drink too much alcohol if you are looking to apply for life insurance in the near future.
The reason for this is that you will be asked about your drinking habits including volume per week, frequency and whether or not you have been advised to reduce your consumption. The answers that you provide will help the insurance company determine if you are a higher risk than average based on whether or not they deem your drinking habits to be within a 'safe level'. If they deem you to have a 'potentially dangerous' bracket, your monthly premium is likely to be increased. British Medical Practitioners continually advise life insurance companies regarding excessive drinking and the associated health problems. If you decide to not tell the life insurance company about your drinking habits when applying for life insurance, you could find that your life insurance policy may be declared invalid.
Lifebroker has found that some life insurance companies have a diverse range of what they believe the be ‘safe’; therefore if you think that you cannot get life insurance due to your level of alcohol consumption it is always worth contacting a life insurance consultant at Lifebroker to see if they can find an insurer that is willing to accept your life insurance application at normal rates.
Lifebroker UK is authorised and regulated by the Financial Services Authority No. 479431