Rick Hoel is an international business attorney and legal and insurance writer for Bankrate as well as Reviews.com and Accessibility.com. Over the last several years, he has covered topics dealing with personal and commercial insurance and technology and the law. Rick is General Counsel and Director of Risk Management and sits on the Board of Power Stow Americas Inc., a subsidiary of Power Stow A/S in Denmark, the world leader in the supply of tracked conveyor systems to the airline industry.
Insurers determine the risks associated with each applicant’s life expectancy. Those with serious health problems are a higher risk. Alcoholics present a significant risk in insurers’ eyes because a host of serious illnesses are linked to alcoholism. Recovering alcoholics may want to be aware of this stark reality in searching for life insurance.
Interest is the price you pay to borrow money or the cost you charge to lend money.
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