Best Life Insurance for Alcoholics in 2024 (Your Guide to the Top 10 Companies)
Prudential, Protective, and AIG are the top choices for the best life insurance for alcoholics, offering rates starting at $25 monthly. These companies are renowned for their specialized policies designed to accommodate the unique challenges and health requirements of individuals diagnosed with alcoholism.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Sep 19, 2024
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Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Sep 19, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Prudential, Protective, and AIG are the top providers of the best life insurance for alcoholics, known for their comprehensive policies tailored to this specific need.
These companies excel by offering policies specifically designed to meet the needs of individuals with a history of alcohol use, ensuring they receive the coverage they deserve. Understanding the complexities of underwriting such policies, these insurers provide options that consider the long-term health and recovery journey of applicants.
Our Top 10 Company Picks: Best Life Insurance for Alcoholics
| Company | Rank | Loyalty Discount | Healthy Lifestyle Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 5% | 7% | High-Risk | Prudential |
 | #2 | 4% | 6% | Value Seekers | Protective |
 | #3 | 3% | 8% | Comprehensive Plans | AIG |
 | #4 | 4% | 6% | Flexible Options | Mutual of Omaha |
 | #5 | 5% | 5% | Term Policies | Banner Life |
 | #6 | 3% | 7% | Custom Policies | Transamerica |
 | #7 | 5% | 6% | Wealth Builders | Pacific Life |
 | #8 | 4% | 9% | Wellness Focused | John Hancock |
 | #9 | 5% | 7% | Personalized Plans | Lincoln Financial |
 | #10 | 4% | 6% | Affordable Rates | Principal |
For anyone diagnosed with alcoholism seeking life insurance, these providers offer comprehensive coverage with compassionate consideration of each individual’s circumstances. Learn more in our complete “Best Life Insurance Companies.”
Compare rates with as many companies as possible using our free comparison tool. Simply enter your ZIP code above to get immediate quotes.
- Prudential is the top provider of life insurance for alcoholics
- Policies are tailored to support recovery and health improvement
- Special underwriting considers the unique risks of alcoholism
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#1 – Prudential: Top Overall Pick
Pros
- Loyalty Discount: Offers a 5% loyalty discount, rewarding long-term policyholders. Find out more in our guide titled “Prudential Life Insurance Company Review.”
- Healthy Lifestyle Incentive: Provides a 7% discount for maintaining a healthy lifestyle.
- Specialized High-Risk Coverage: Excellently tailored options for individuals considered high-risk.
Cons
- Limited Risk Categories: May not cover all categories of high risk as extensively as others.
- Higher Premiums: Premiums can be higher due to the specialized nature of high-risk coverage.
#2 – Protective: Best for Value Seekers
Pros
- Competitive Pricing: Known for value-for-money offerings with a 4% loyalty discount.
- Healthy Lifestyle Discount: A 6% discount encourages a healthy way of living.
- Diverse Policy Options: Provides a wide range of affordable coverage plans. Check out insurance savings in our guide titled “Protective Life Insurance Review.”
Cons
- Customer Service Variability: Some customers may experience variability in service quality.
- Coverage Limitations: Some policies might have more restrictions compared to higher-priced competitors.
#3 – AIG: Best for Comprehensive Plans
Pros
- Broad Coverage Options: Offers an extensive range of comprehensive plans.
- Highest Healthy Lifestyle Discount: An 8% discount for healthy habits. More information is available about this provider in our “AIG Life Insurance Review.”
- Strong Global Reputation: Well-regarded for reliability and comprehensive coverage.
Cons
- Complex Policy Details: Policies can be complex and may require thorough understanding.
- Slower Claim Processing: Some reports of delays in processing claims.
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#4 – Mutual of Omaha: Best for Flexible Options
Pros
- Flexible Policy Adjustments: Allows adjustments to policies as life changes. Access comprehensive insights into our guide titled “Mutual of Omaha Life Insurance Review.”
- Loyalty and Healthy Lifestyle Discounts: Both at 4% and 6%, respectively, promoting long-term relationships and healthy living.
- Variety of Products: Offers a diverse range of insurance products to cater to different needs.
Cons
- Premium Fluctuations: Premiums may fluctuate more than some competitors.
- Limited Availability: Some products might not be available in all regions.
#5 – Banner Life: Best for Term Policies
Pros
- Specialized in Term Life: Highly competitive term life insurance options. See more details in our guide titled “Banner Life Insurance Company Review.”
- Loyalty and Health Discounts: 5% loyalty and 5% healthy lifestyle discounts available.
- Straightforward Policies: Known for simple, easy-to-understand term life policies.
Cons
- No Permanent Life Options: Focus on term life limits options for those seeking permanent coverage.
- Minimal Additional Benefits: Fewer extra perks compared to other insurers.
#6 – Transamerica: Best for Custom Policies
Pros
- High Customization: Offers highly customizable policies to fit individual needs. Read up on the “Transamerica Life Insurance Review” for more information.
- Balanced Discounts: Provides a decent balance with 3% loyalty and 7% healthy lifestyle discounts.
- Strong Financial Stability: Known for its robust financial health and dependable payouts.
Cons
- Higher Cost for Customization: Customization can lead to higher premiums.
- Complexity in Policy Management: Custom policies may require more active management.
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#7 – Pacific Life: Best for Wealth Builders
Pros
- Wealth Accumulation Features: Ideal for those focused on building wealth through life insurance.
- Generous Loyalty Discount: A 5% discount encourages long-term commitment. Unlock details in our guide titled “Pacific Life Insurance Review.”
- Flexible Investment Options: Offers flexible options that cater to varying investment needs.
Cons
- Complex Financial Products: May require more knowledge to manage effectively.
- Niche Market Focus: Less focus on basic insurance needs, more on financial growth.
#8 – John Hancock: Best for Wellness Focused
Pros
- Top Health Benefits: Offers the highest healthy lifestyle discount at 9%. Delve into our evaluation of our article titled “John Hancock Life Insurance Company Review.”
- Innovative Wellness Programs: Pioneers in integrating wellness into policy benefits.
- Custom Health Incentives: Provides incentives for maintaining good health.
Cons
- Higher Costs for Enhanced Features: Enhanced wellness features may come at a higher cost.
- Focused on Wellness: May not suit those looking for traditional coverage without wellness aspects.
#9 – Lincoln Financial: Best for Personalized Plans
Pros
- Highly Personalized Service: Known for tailored insurance solutions. Discover more about offerings in our complete “Lincoln National Life Insurance Review.”
- Strong Discounts: Offers a 5% loyalty and 7% healthy lifestyle discount.
- Wide Range of Options: Provides a broad spectrum of options to cater to individual needs.
Cons
- Premium Pricing: Personalized services can lead to higher premiums.
- Policy Complexity: Customization might lead to more complex policies to manage.
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#10 – Principal: Best for Affordable Rates
Pros
- Market Competitive Rates: Known for offering some of the most affordable rates.
- Focused Discounts: Provides 4% loyalty and 6% healthy lifestyle discounts. Discover a comparison in our guide titled “Principal National Life Insurance Company Review.”
- Simple Policy Structures: Offers straightforward policies that are easy to understand.
Cons
- Limited High-Value Features: Fewer high-value features compared to more expensive options.
- Basic Coverage Options: More basic options might not meet all users’ needs comprehensively.
Monthly Premiums for Life Insurance Covering Alcoholics by Company and Coverage Level
Understanding the cost variations for life insurance policies for alcoholics is crucial when selecting a provider. Below is a detailed examination of the monthly rates for both minimum and full coverage across various insurance companies.
Life Insurance for Alcoholics: Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
AIG $27 $57
Banner Life $25 $55
John Hancock $31 $61
Lincoln Financial $28 $58
Mutual of Omaha $28 $58
Pacific Life $32 $62
Principal $30 $60
Protective $26 $56
Prudential $30 $60
Transamerica $29 $59
The table shows monthly premiums from top insurers. AIG’s coverage ranges from $27 to $57, balancing cost and benefits. Banner Life starts at $25, reaching $55 for full coverage.
Learn more: What is the minimum coverage amount for life insurance?
Investigating Term Life Insurance for Alcoholics
The good news is that it is possible to get term life insurance for alcoholics. Still, the insurance companies will need to gather a lot of information about your past and current health in order to come up with an offer that makes sense for both sides.
You’ll need to talk openly about your history with alcohol as you complete the application, and will need to have blood tests in support. The company will then assess your case against their rating scale and come back with a response. Delve into our evaluation of “How To Get Life Insurance With a Medical Condition.”
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Life Insurance With a History of Alcoholism
Alcohol abuse is a challenging, ongoing health issue treated like other medical conditions by life insurance companies. Obtaining coverage is riskier for insurers, often resulting in higher premiums.
It is possible to get term life insurance for addicts, but insurance companies understand the challenge and may worry that an applicant could have long-term health and safety issues. They may err on the safe side when underwriting and offering coverage.
So, to assess the situation, life insurance companies will initiate an underwriting process following life insurance underwriting guidelines. The first step will be a detailed application.
If you’ve been incident-free for more than two years, you can start with the following providers.
Top Life Insurance Companies for Recovering Alcoholics
| Companies | Minimum Years Sober |
|---|---|
| Banner Life | 2 |
| Lincoln Financial | 2 |
| AIG | 5 |
| Prudential | 5 |
| Protective | 5 |
What’s on a Term Life Insurance Application
First, you will need to be open about your history of alcohol use when you complete the application for term life insurance. It is not a good idea to lie on your term life insurance application. If you have a history of alcohol abuse, the company will want to see that you have received treatment and regularly visit your doctor to check on your progress.
They’ll ask you to send in a blood sample, which a lab technician will test to look for specific markers (enzymes and proteins) related to liver function.
They may also refer to your driving records to see if there is any history of driving while intoxicated. They might perform a background check looking for any evidence of criminal charges associated with disorderly conduct, which could have a link to alcohol abuse.
What Is Term Life Insurance
Term life insurance policies are issued for a specific period, usually for 10, 20 or 30 years. They are different from permanent life insurance policies, which have no end date but tend to be considerably more expensive.
What Do Underwriters Look for on Term Life Insurance Applications
The underwriters will consider your age at diagnosis and the amount of time that has passed since then. They’ll also consider the length of time between treatment and recovery and see if you adhere to the doctor’s recommendations. The insurers will want to know that you are regularly visiting your doctor for follow-up advice.
Expect them to look at your general health and note if you are a tobacco or drug user. If you continue to drink now, you may not be successful, and if you ask, “can I get life insurance if I drink every day?” this would likely raise a red flag. Read more in our guide titled “Do life insurance companies test for drugs?“
What Do Term Life Insurance Rating Pools Mean
Insurance companies use life insurance rating classes when looking at coverage.
- Preferred Plus is for people who have no health issues and good family history.
- Preferred is for those who may have had health issues in the past or family history that may indicate the potential for problems in the future.
- Standard is for those who have some existing or expected health concerns.
- Substandard is also known as Tables A to H.
You are likely to be in a higher rated pool (such as substandard) due to your issues with alcohol.
The table below will give you a reference for average quoted rates from the top 10 leading insurers for term insurance. These are the lowest potential rates available from the preferred rate pool.
Term Life Insurance Monthly Rates by Age, Gender, & Coverage Amount
| Age & Gender | $100,000 Policy | $250,000 Policy | $500,000 Policy | $1,000,000 Policy | $500,000 Policy, Male | $500,000 Policy, Female |
|---|---|---|---|---|---|---|
| 25-Year-Old Male | $15 | $19 | $30 | $48 | $23 | $19 |
| 25-Year-Old Female | $14 | $15 | $23 | $34 | $24 | $19 |
| 35-Year-Old Male | $18 | $21 | $29 | $49 | $24 | $19 |
| 35-Year-Old Female | $17 | $15 | $23 | $37 | $29 | $24 |
| 45-Year-Old Male | $30 | $40 | $57 | $103 | $36 | $33 |
| 45-Year-Old Female | $27 | $35 | $44 | $78 | $54 | $47 |
| 55-Year-Old Male | $78 | $90 | $149 | $268 | $79 | $62 |
| 55-Year-Old Female | $66 | $70 | $108 | $194 | $79 | $95 |
| 65-Year-Old Male | $188 | $230 | $373 | $612 | $213 | $144 |
| 65-Year-Old Female | $151 | $180 | $300 | $500 |
How to Apply for Term Life Insurance for Alcoholics
If you are an alcoholic or a doctor has diagnosed you with alcohol use disorder, you should be in full recovery before you apply for term life insurance. Gather all your doctor’s contact information and ensure your medical records are up to date.
Prudential stands out for its deep understanding of high-risk insurance needs, making it a top choice for those with alcohol-related health issues.Ty Stewart Licensed Life Insurance Agent
Keep up with your regular doctor’s visits and maintain as healthy a lifestyle as possible, including diet and exercise. Remember, if you continue to drink, those markers will show up on a blood test following your application. Unlock details in our article titled “Life Insurance for Runners: How Running Improves Health and Saves Money.”
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Case Studies: Best Life Insurance for Alcoholics
Selecting the right life insurance is essential, particularly for individuals with a history of alcoholism. The following case studies, based on scenarios drawn from real-world situations, illustrate how Prudential, Protective, and AIG provide tailored services to meet the specific needs of their clients effectively.
- Case Study #1 – Prudential’s Comprehensive Approach: John, who has been in recovery for five years, chose Prudential for its understanding of high-risk profiles. Prudential offered him a policy that not only accommodated his past but also incentivized his ongoing commitment to recovery.
- Case Study #2 – Protective’s Value Focus: Sarah, looking for an affordable option that still covered her needs as a recovering alcoholic, found Protective’s policies both comprehensive and competitively priced. Protective recognized her two years of sobriety with a rate that acknowledged her improved health.
- Case Study #3 – AIG’s Customized Solutions: Mark needed a life insurance plan that could be tailored to his unique circumstances, including his history with alcoholism. AIG provided him with a flexible policy that adapted to his long-term health goals and current lifestyle changes.
These scenarios highlight the importance of choosing life insurance that not only provides financial security but also supports the specific life circumstances of individuals recovering from alcoholism. Discover insights in our guide titled “Comparing Term Life Insurance Quotes.”
Final Thoughts on Getting Term Life Insurance for Alcoholics
You can qualify for term life insurance even with a history of alcohol addiction, but approval depends on underwriters and the detailed information you provide in your application, including any related medical tests. To ensure the best terms, it’s advisable to compare offers from multiple providers.
Prudential's commitment to accommodating the unique challenges of recovering alcoholics offers unmatched value in the life insurance market.Jimmy McMillan Licensed Insurance Agent
If one company denies your application due to your alcoholism, don’t hesitate to approach others, as underwriting criteria can vary significantly between insurers. See more details on our article titled “Life Insurance by Substance Use.”
You can get free quotes for life insurance and secure financial protection for your loved ones by entering your ZIP code into our tool below.
Frequently Asked Questions
Can I get term life insurance if I have a history of alcoholism?
Yes, it is possible to obtain term life insurance if you have a history of alcoholism. However, it may be more challenging, and the rates you’ll be offered may be higher. The insurance company will gather information about your past and current health to assess the risk and provide an offer.
For additional details, explore our comprehensive resource titled “Life Insurance Rate Factors.”
What information do I need to provide on a term life insurance application as an alcoholic?
When applying for term life insurance, be honest about your alcohol use history. The insurer will need proof of treatment and regular doctor visits, and may also request a blood sample and conduct background checks.
What factors do underwriters consider when reviewing term life insurance applications for alcoholics?
Underwriters will consider your age at the time of diagnosis, the duration of time since the diagnosis, and the time between treatment and recovery. They will also look at your overall health, including whether you use tobacco or drugs. Continued alcohol consumption may raise concerns for underwriters.
What is term life insurance?
Term life insurance policies provide coverage for a specific period, typically 10, 20, or 30 years. Unlike permanent life insurance policies, term policies have an end date and are generally more affordable.
How can I apply for term life insurance as an alcoholic?
Before applying for term life insurance, it’s best if you’re in full recovery from alcohol use disorder. Ensure your medical records are current and maintain a healthy lifestyle. Abstain from drinking, as blood tests during the application process can detect alcohol use.
To find out more, explore our guide titled “Calculate Your Term Life Insurance Needs.”
What options are available for life insurance for alcoholics?
Life insurance for alcoholics is available, but policies and premiums may vary based on the insurer’s assessment of the risk involved.
How does life insurance and alcoholism affect approval rates?
Alcoholism can affect life insurance approval rates, often leading to higher premiums or the need for specialized underwriting.
Can alcohol and life insurance applications impact each other?
Yes, disclosure of alcohol consumption on life insurance applications can impact approval and rates, depending on usage frequency and health effects.
What are the best life insurance for recovering alcoholics?
Recovering alcoholics may qualify for standard or slightly higher rates, especially if they have demonstrated a period of sobriety and ongoing recovery.
To learn more, explore our comprehensive resource on “Life Insurance Rates by Age & Gender.”
Is health insurance for recovering alcoholics different from standard policies?
Health insurance for recovering alcoholics typically includes the same benefits as standard policies but may feature additional support for treatment and recovery programs.
What insurance for alcoholics is recommended?
Insurance for alcoholics should include comprehensive health coverage and, if possible, life insurance that acknowledges and supports recovery efforts.
Protecting your family financially doesn’t have to be expensive. Enter your ZIP code in our free comparison tool below to find affordable life insurance.
Can an alcoholic get life insurance?
Yes, an alcoholic can get life insurance; however, the terms and costs may vary significantly based on their health status and history of alcohol use.
Can alcoholics get life insurance without restrictions?
Alcoholics can get life insurance, but they may face restrictions or higher premiums depending on their current health and drinking history.
Learn more by reading our guide titled “How To Find a Lower Term Life Insurance Premium.”
Does a life insurance payout alcohol-related death?
Life insurance typically covers alcohol-related deaths unless the policy specifically excludes deaths caused by alcohol use or the policy was purchased under false pretenses.
What does a life insurance blood test alcohol check for?
A life insurance blood test for alcohol checks for biomarkers that indicate current or past heavy alcohol use, which can affect policy terms.
How does life insurance alcohol consumption affect premiums?
Life insurance premiums can be higher for individuals who consume alcohol excessively, as this behavior is associated with increased health risks.
What is AIG index universal life?
AIG index universal life is a type of permanent life insurance that offers flexible premiums and death benefits, with cash value growth linked to a stock market index.
Access comprehensive insights into our guide titled “Life Insurance Death Benefit Explained.”
Can a drug addict get life insurance?
Yes, a drug addict can obtain life insurance, but it may come with higher premiums or limited options depending on their recovery status and overall health.
Can life insurance be denied?
Yes, life insurance can be denied based on factors such as health history, lifestyle choices, and the findings of the underwriting process.
Does medical insurance cover alcohol rehab?
Many medical insurance plans cover alcohol rehab, though coverage details can vary by provider and specific policy terms, such as deductibles and copays.
When you’re ready to look at life insurance quotes, enter your ZIP code below into our free comparison tool.
Your life insurance quotes are always free.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
