Wednesday, February 22nd, 2012
Multiple DUIs and Life Insurance
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Talked to a guy who is 37 years old and in good health. The problem is that he has 3 Duis. One in 2004, 2007 and 2009, does anyone know of an insurance company that will take him for term life insurance. He would like to get $ 250K for 20 years, but I have not found anyone that writing?
Any suggestions?
by : sdmillar
Tags: Multiple DUIs and Life Insurance
Readers Comments (3)
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Had one just like this a few years ago. West Coast Life. I mean I may have gotten preferred. If there was at least Std. You will need a good cover letter. Can you quit drinking, got married, went to church, etc. … On the other hand if he is still drinking, may not be worth it. Then just go to a simplified problem. term (s).
Why should stop drinking after just 3 DUI? I have a neighbor who is close to double digits.
Shop around with the underwriters. Do you have a GA / brokerage that will do for you?
You may have already asked, but has some other moving violations? If no one bid, Fidelity will make $ 250k on their benefit sized assuming he is not on probation. It will not be cheap …