Reader question:

How will things such as DUI and alcohol recovery programs affect my Tampa FL term life insurance rates?

Jackie

Thanks for asking, Jackie.

Anything you do which shows a history of having problems with or a heavy reliance on alcoholic drinks will drop your status in the eyes of your Tampa FL term life insurance company. With just one DUI, you’re probably going to be paying for an expensive rated policy for two years, and then might be able to get standard rates if you’re lucky. If you have more than that, though, or it’s part of a string of problems with you, then you’d be extremely lucky to find anyone at all who would insure you.

If you have participated in a program for alcoholics, it makes matters worse. Put together with your DUI, you will be uninsurable for several years. Just by itself, though, it’s pretty bad. Although you may be able to get into standard rates within two years after recovering from alcoholism, it will take another decade or two for you to get the chance to move up to preferred rates, all things being equal.

take care,

Fashun

Reader question:

When I compare Tampa Florida life insurance rates, will I be asked about my drinking habits?

Mary

Thanks for asking,

Drinking habits, Mary, are very relevant to the process that is when you compare Tampa Florida life insurance rates. If you drink too much, then you have an increased chance of suffering from several problems, from kidney disease to heart disease, in turn cutting off years from your life. So, naturally, life insurance companies are interested in just how often you feel moved to go to the bottle. That doesn’t mean, however, that just because you like a little bit of spirits now and then, you’re doomed to pay increasingly high life insurance premiums.

Most life insurance companies allow a little drinking for fun, for taste, for pleasure. If you’re the type of person who has some wine with their dinner every night, you’re not likely to suffer any averse consequences. The same thing if you head to a party every couple of months and down a few. The problems start when you begin drinking two or more alcoholic beverages a day. That’s when you lose out on your chance at getting a preferred plan. When you drink three or more, you are knocked down to standard rates. More than that, and you could have to buy a rated policy.

take care,

Fashun