Finding the Best DUI Life Insurance Rates
Life Insurance with a DUI or DWI
You may be visiting our site looking for life insurance because you have been declined due to a DUI or DWI.
However, you may have been declined because you applied to the wrong insurance company. When it comes to life insurance with a DUI/DWI, choosing the right life insurance company is the most important factor between getting approved or declined for life insurance.
Most people think they can’t get life insurance with a recent DUI or DWI. However, the truth is you can get life insurance.
Life Insurance and DUI’s
While several insurers won’t insure you if you have had a DUI in the past 12 months. The ones that will insure you will charge an extra fee called a Flat Extra.
But, the one company that will be the best option for life insurance with a DUI is a name you may already know and trust – Prudential Life Insurance.
First, let’s review some of the factors that affect the price you will pay for your DUI life insurance coverage.
Factors that Affect Pricing of Life Insurance with a DUI
If none of the above is a factor, here is what you can expect with Prudential for life insurance with a history of DUI’s.
If your DUI is more than 10 years old it won’t negatively impact you with Prudential, as well as most other life insurance companies.
However, if you have had more than 2 DUI’s over the past 10 years, you won’t get approved for life insurance with Prudential, or any other life insurance company. If that is the case, you will need to consider a guaranteed issue life insurance policy.
Here are the guidelines for life insurance with one DUI and life insurance with two DUI’s over the past 10 years.
Life Insurance with One DUI
Examples of prices on life insurance for 35 year old male applying for a $500,000 20 year term life insurance policy with one DUI in the past 10 years:
Life Insurance with Two DUI’s
Examples of prices on life insurance for 35 year old male applying for $500,000 20 year term life insurance policy with two DUI’s in the past 10 years:
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Can I Buy Life Insurance after a DUI?
Yes, you can. However, it’s important to know where to look in order to find a life insurance company that offers coverage after a DUI, and has affordable rates.
In most cases, you may qualify for life insurance with a DUI or DWI, but almost all insurance companies will add a surcharge, meaning, you won’t qualify for their preferred rates, which are lower than standard rates.
So, you can get life insurance after a DUI, it’s just going to cost you more than someone who has not had a DWI.
In general, if you have had a DUI or DWI in the past 5 years, you will not qualify for the best health ratings, such as preferred plus life insurance rates.
What if my DUI is within the Past Year?
There shouldn’t be a problem. However, you may have already been told you can’t qualify for life insurance, no insurance company will approve you for at least 2 years after a DUI conviction, or that accidental death insurance is your only option.
Yes, it is much more difficult to find life insurance within the first year after having a DUI. However, there are some life insurance carriers that specialize in insuring high-risk drivers with recent DUI’s.
Will I Be Declined Because of My DUI?
It depends. If you have only one DUI without any history of alcohol abuse, you may qualify for life insurance coverage.
But if your DWI is a symptom of a larger problem, your DMV and blood work from the physical exam may uncover other risk factors that could prevent you from qualifying for life insurance.
What If I Have Two DUI’s?
You may still be eligible with multiple DUI’s on your driving record.
However, if you have 2 DUI’s in the past 5 years, your options may be more limited. But there is one life insurance carrier that may insure you with multiple DUI’s on your record.
It will depend on the rest of your DMV records as well as the results from your physical exam. But, if you are healthy, you should still be able to find life insurance coverage.
No need to be confused. We can help.
We have partnered with JRC Insurance Group to help you compare the best rates available for someone with your driving history. JRC will help you find the most affordable prices available from 40 highly-rated life insurance companies including Prudential and MetLife.
With JRC Insurance you will have an assigned representative dedicated to your application that will be available to you throughout the application process and will provide you with updates as your application goes through the underwriting process.
If you have any questions your personal representative at JRC Insurance will be available to walk you through the questions and help you understand your options.
So what are you waiting for?
Top Pick – JRC Insurance Group
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