Alcohol is considered an antiseptic or a preservative in some cases, but its effect on the cost of life insurance can be anything but benign. You will almost certainly be questions about your alcohol consumption when you apply for life insurance and it is likely that NHS guidelines will be consulted to determine if the level of security. If your drinking is deemed to have reached "potentially dangerous", the support, the cost of your policy come as a great shock.
Information to physicians by insurers against health problems caused by excessive drinking, for the consideration of insurance premiums are calculated. Many other factors have made the life insurance risk assessment, but the drink Aware Trust along with the British Chiropractic Association found that 66% of the population to grant excessive drinking at least once a week, the statistics must be taken very seriously.
I do not want to admit it? Not too surprising, really, but it would be foolish to try to keep the information on each insurer. Remember that all insurance rate penalty for negligence or false, if significant enough to have concealed the policy may be declared invalid.
You may think that their insurance companies have no way of knowing whether you were a drinker or not, after his death. Even if they could prove that enjoyed alcoholic beverages, how would you know if the extent of their alcohol consumption is excessive?
May or may not depend on how they were very clean and for how long.
However, there is no point in the decision that will reduce the age to hide the fact. This approach raises several questions. How do you know that you will have a life beyond "- is a genie in a bottle to give a firm date for his departure? Remember that the sooner he goes, the greater the degree of your family depends on your insurance.
If you try to pour, how successful are you? Perhaps it should be related to smoking - so easy that you can do it many times! But suppose, like the rest of us, you are the exception. You must live in an old, give up drinking when you retire, and nobody any the wiser. Unfortunately, it can be almost correct, but it is likely that someone knows what you did.
If you are exposed to a post-mortem examination, they will prove to be there and there will probably be medical experts who can put a time frame on your drinking. They will be able to tell if you drank a lot before you take your life, and if you were and you had failed to declare this fact, they recommend to the insurer that there should be no payment on the basis the failure to disclose full and relevant facts.
No disclosure of any relevant fact is anathema to insurance companies, and the opinion of the Association of British Insurers supports this view. His spokesman said that inaccuracies in the information provided in the application form can make the policy invalid in the case of a claim.
However, if the information was not disclosed, because when the alcohol problem is not political, but have since evolved, a payment may be accepted as legitimate. Spokesman said that policies are based on the circumstances at the time of issuance of the policy, recent changes are not relevant, unless specifically covered ie participation in certain hazardous sports may be declared inadmissible. If this statement is couched in political terms, it would also apply if the sport was only taken after the policy was agreed.
Under the approach taken by your insurance company is likely to be asked about their weekly consumption of alcohol units and the level of premium will be adjusted for your reply.
The result of these and other lifestyle factors can affect the amount you pay premiums for many years - and probably you do not receive alcohol-free either.
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