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Ask Dave

Alcoholic Husband and Life Insurance?

The listener should keep the whole life policy on her alcoholic husband because in the insurance world, alcoholism is worse than having cancer.

QUESTION: A listener says she has a whole life policy on her husband.  He’s an alcoholic.  Will they be able to get cheaper term life insurance or does she have to keep the whole life policy? 

ANSWER: In this situation, you should keep the whole life policy.  Your husband is not insurable.  You will probably not be able to get a cheaper term life policy.  In the insurance world, alcoholism is worse than having cancer.

Do You Have the Right Coverage? 

Do You Have the Right Coverage? 

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Do You Have the Right Coverage?  

Find out with our free 5-Minute Coverage Checkup!
Take the Coverage Checkup