How Heavy Drinking Impacts Life Insurance Premiums

From a life insurance perspective, alcohol consumption can have both its good and bad points with the key being moderation.

On one hand, researchers have found that having a glass of wine or beer on a regular basis can help lower one’s risk for a number of serious medical conditions.

Conversely, heavy drinking can significantly impair one’s health and life expectancy, while also potentially increasing their chances of being involved in a significant car crash.

A recent Gallup poll concluded that American’s drinking habits held steady in the past year, with 66 percent saying they consume alcohol and drinkers consuming just over four alcoholic beverages per week, on average. Beer continues to be American’s preferred drink, although wine remains a close second, with liquor favored by 22 percent.

While only 12 percent of drinkers reported consuming eight or more drinks during the week – averaging more than one per day – Gallup finds 22 percent of all drinkers say they sometimes drink too much. This is up from 17 percent last year.

Those who believe their alcohol consumption could be undermining their health have numerous reasons to try to cut back as long-term alcohol abuse can lead to serious liver damage.

Eventually, excessive alcohol use will not only harm one’s liver but could lead to a number of other chronic medical conditions.

Individuals with a history of alcohol abuse will be forced to pay higher medical and life insurance premiums, as they are categorized ‘high risk’. So, if you are considering purchasing a life insurance policy, it is advisable to cut back on your alcohol consumption.

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