2023 Life Insurance With Anxiety And Depression Disorders - PinnacleQuote

2023 Life Insurance With Anxiety And Depression Disorders

Living with anxiety and/or depression can be paralyzing. Especially with coronavirus in daily life.

But, there’s hope! Check out this blog post for some life insurance tips that will help you get through the day.

This article is a lovely read for anyone who is looking to find peace in their lives. The author has done a wonderful job at providing insightful information about how to buy life insurance when dealing with debilitating mental illnesses like anxiety and depression.

This blog post might not seem like much but it actually provides an invaluable service by outlining what steps are needed to make sure your loved ones are taken care of even after you’re gone. And, if you are someone who suffers from these disorders then this article should give you the power to take control of your mental health again!

Depression And Life Insurance

Can I get life insurance if I am mentally ill?  Depression and anxiety disorders affect over 40 million adults in the U.S. every year. 

Life insurance for people with mental illness can be challenging, but it is not impossible to achieve.

When it comes to the history of mental disabilities they are treated as pre-existing conditions. 

Also, if you do not have your mental condition under control, the life insurance companies will look at your history of depression mental illness and assess high risk for other health impairments down the road.

Talk with your independent agent. Allow them to guide you step by step. They know when one carrier is a denial. The other is not. Take their lead.

Must be remembered, underwriters will rate and price your conditions based on their guidelines.

Denied Life Insurance Because of Depression

If you were denied life insurance because of a history of depression and anxiety you were probably talking to the wrong agent.

It’s important to realize when you combine depression and life insurance it will come down to which carrier is most lenient as far as underwriting guidelines.

Getting the best quotes to help with anxiety and depression really comes down to using the right agent. It also comes down to the treatment and medications you are taking.

Are you bipolar? Or do you suffer from PTSD?

For instance, an independent agent will know all the guidelines and find the best fit. A captive agent will try to fit you in a one-size-fits-all.

Also, an independent agent will assist you in knowing the best path for generalized anxiety disorder quotes. This way you can have the best product, price, and carrier.

Life Insurance With Depression Underwriting

Do life insurance companies do background checks? Any life disorder is going to require family medical history but your medical history as well.

Life insurance companies all have different guidelines and will treat each person differently.

Based on age, medical condition(s), medications, the risk for other medical conditions to arise.

When you apply for life insurance, the underwriter will have several questions in addition to your application.

Life insurance rates will depend on your mental health. To emphasize, how severe symptoms of depression are.

With term life insurance a medical exam will be required. In fact, underwriters will order your medical records from your primary care and mental health professional.

Some common underwriting questions are but not limited to:

When were you diagnosed with anxiety or clinical depression or mild depression?

  • Do you suffer panic attacks?
  • Have you had any suicide attempt?
  • Is there any substance abuse?
  • Was your diagnose, Mild, Moderate or Severe?
  • What medications are you currently taking?
  • Are you currently seeing a psychotherapist? If so, Who?
  • Have you been hospitalized due to your depression?

Can You Get Life Insurance If You Take Antidepressants

Yes, although every carrier has its own guidelines. Some medications in combination with others may be modified or denial, while other carriers are more lenient.

How will you know? Your independent agent will guide you through the entire process and put you with a carrier that you qualify with.

Best Life Insurance Companies For Depression

Again, keep in mind every carrier will treat you differently. There is no “one size fits all” in life insurance.

There are many A+ rated carriers.  Here are just a few examples.

  • Prudential
  • AIG (American General) ~ guaranteed acceptance
  • Protective

Does Anxiety Affect Life Insurance

Can you be bipolar and have anxiety? Yes,  bipolar disorder is a lifelong condition. You can experience mood swings and have highs and lows.

Life insurance and anxiety

In the first place, your life insurance carrier will want to know if you have any other medical conditions such as bipolar disorder, obsessive-compulsive disorder (OCD), etc.

The insurance carrier will want to know if you are well managed.

Can you be denied life insurance for anxiety? Keep in mind, everyone experiences anxiety from time to time.

Of course, if you are not currently being treated for anxiety, and you do not have any other medical conditions, it may not affect your rates.

Is Generalized Anxiety Disorder Considered A Disability

Can I get a disability check for anxiety? As we said, earlier, everyone in their lifetime has experienced anxiety from time to time.

Some people suffer severe anxiety that will impede their quality of life.

Furthermore, if this is the case, and they are unable to function, work, cope with everyday life, then yes they would be eligible for disability.

Must be remembered, you should have a disability policy in place also. Benefits from a disability are not the same as disability insurance. Ask your independent agent!

Denied Life Insurance Due To Depression

Can you be hospitalized for depression?

Will my hospitalization be a decline in my life insurance?

How long can you be hospitalized for depression without it affecting my life insurance application?

If you are denied life insurance by one carrier, you will have other options.

In fact, you qualify for guaranteed issue policies that have no health questions, and you will be guaranteed life insurance regardless of your health conditions.

By the same token, your rates will be a little higher. However, your family is protected from financial burden in the event of your death

Post-Partum Depression and Life Insurance

The insurance carrier may look at your postpartum depression as general depression. Your rates may not be affected.

However, it is best to obtain life insurance before you are pregnant.

Equally important, by doing so, this protects you and your family for years to come!

postpartum depression and life insurance

Who Do I See For Depression And Anxiety

How do depression and anxiety affect you?  How can depression affect your life?

Start with your primary doctor first.  They will assess your symptoms. Perhaps you suffer from situational anxiety and depression.

Not to mention, they may order some blood work and talk with you.

In the event that they rule out all other medical possibilities and diagnose you with an anxiety disorder or depression, they will refer you to a psychologist.  

PinnacleQuote Life Insurance Quotes

Call us today to discuss affordable life insurance options.

PinnacleQuote’s home office is in Jacksonville, Florida.

In fact, we are licensed in 49 states. We serve the entire United States.

Our passion is to help you achieve your life insurance goals.

What you do today will protect your loved ones tomorrow in the event of your death.

Remember, life insurance is not for you; it is for them!

Quotes To Help With Depression And Anxiety

Often, when we feel down, just looking up some words or sayings on google, helps us get through.

In fact, one that I came across while researching for this article is this:

I need one of those long hugs where you kinda forget whatever else is happening around you for a minute. 

For more information on depression and anxiety disorders, CLICK HERE.

Here is also a great read on Emotional Intelligence.


Life insurance for people with mental illness can be challenging, but it is not impossible to achieve. With the right company and plan type, you can find life insurance that works best for your needs regardless of what kind of disorder or diagnosis you may have. If you are struggling to figure out which life insurance policy will cover your mental health condition(s), contact us today! We’ll help take all the guesswork out by providing quotes from top-rated carriers who offer coverage specifically tailored for those living with anxiety or depression disorders. Get a quote now so we can get started helping you live without worrying about finances in the future!