Life Insurance For PTSD
FIRST AND FOREMOST… TO OUR VETERANS, THANK YOU FOR YOUR SERVICE TO OUR COUNTRY!!!
What is PTSD? Post Traumatic Stress Disorder. People who suffer from PTSD have experienced a traumatic episode or event in their life.
- Violent personal act /sexual assault
- Terrorist act
- Natural disaster
PTSD is an anxiety disorder. You can feel anger, depression, sadness, irritability, exhaustion. PTSD can affect your nervous system, immune system, physical symptoms.
Will I qualify for life insurance with PTSD? Short answer, Yes. However, working with an independent agent at PinnacleQuote is best.
Your independent agent will make the application process simple.
In fact, he/she will shop you to over 50+ carriers in one simple phone call.
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Life Insurance With PTSD
PTSD can be chronic lasting several months or years.
If you have no interruption from work or social functions or activities, PTSD and life insurance coverage will be easier to obtain.
Your independent agent will ask you about your medical condition, your medical history.
Medical underwriters will have a series of questions before you are approved for life insurance. They will want to access if you are high risk and will require a medical exam as well. ‘
Life insurance PTSD. Some questions underwriter will ask:
- When did you develop PTSD?
- Are you currently taking medications for your PTSD?
- Do you seek treatment from your doctor?
- Have you seen a psychiatrist?
- Have you had thoughts of suicide?
- Is your condition mild or severe?
Best Life Insurance For PTSD
Best case scenario, if you have had no hospitalizations, no history of suicide attempts and you are diagnosed with mild PTSD, you will qualify for a standard rate class.
Your life insurance options will depend on the severity of your PTSD. While speaking with your independent agent, he will gather information from you to determine the best possible outcome.
Standard to standard + or a possible table rating to a decline.
If you are declined traditional life insurance, do not fret! You will qualify for a guaranteed acceptance policy. No medical questions asked.
It is a two year waiting period, however something is better than nothing!
Let’s cross that bridge if need be.
Life Insurance For Disabled Veterans
What is service-disabled veterans insurance (S-DVI)? This is life insurance for veterans who have been awarded a service-connected disability rating by the department of affairs.
If disabled veterans apply for S-DVI and are granted a waiver, they could receive up to $30,000 additional coverage.
Best Life Insurance Companies For PTSD
What is the best life insurance for veterans with PTSD?
AIG (American General Life Insurance Company) Guaranteed Acceptance policy with a 2 year waiting period.
USAA Life Insurance
USAA life insurance will replace your SGLI with a term policy.
(What is SGLI? SGLI was created for our military personnel to provide them with low-cost term insurance during active military service. )
Active, retired and honorably separated officers qualify for USAA.
USAA Declined Life Insurance
You may be declined life insurance if you have a severe PTSD diagnosis.
In fact, there is limited availability.
For qualification, you would need to become a life insurance policyholder. In addition, purchase any of their products and be a USAA member.
You must have served in our military or be related to a military service member.
Long Term Disability Insurance PTSD
Military personnel and veterans can apply for long term disability.
A disability claim can be submitted. It would have to be approved by the Blue Book listing requirements and be considered “anxiety disorder.”
If your post-traumatic stress disorder prevents you from working, you could be granted social security disability.
PTSD Table Rating Life Insurance
For a fully underwritten life insurance policy with PTSD, your diagnosis will be categorized into mood disorders, Bipolar, Anxiety, and Major Depression.
- Mild – Preferred to Standard – 1 medication, well controlled, working.
- Moderate– Standard-Table 3-2 medications (maybe antipsychotic)
- Severe– Table 3 -Decline – Multiple medications, suicide ideation past six months, bad work history, bad financials.
- Suicide attempt past 12 months – Decline
How To Get Help For PTSD Without Insurance
Protect the men and women who protect us and our country!
If you or a loved one are suffering from post-traumatic stress disorder (PTSD) there are people who can help.
CLICK HERE for more information.