Life Insurance With Anxiety And Depression Disorders In 2024 - PinnacleQuote

Life Insurance With Anxiety And Depression Disorders In 2024

Securing life insurance with anxiety and depression disorders can seem daunting. This article aims to simplify the process, offering key insights and guidance for those with mental health conditions seeking life insurance coverage.

Our goal is to provide clear, reliable information to help you make informed decisions about your insurance needs.

Depression And Life Insurance

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

Underwriting Process for Anxiety Disorders

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.

Dealing with anxiety and figuring out life insurance can feel like trying to solve a tricky puzzle. When you’re applying for insurance, underwriters will have a look at your anxiety, kind of like how a mechanic peeks under the hood. They’re not necessarily going to say no if they see something, but they might adjust things a bit based on other factors, medications, etc.

If your anxiety is more of a backseat driver, not really causing too much trouble, it might not change much with your insurance.

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

I understand how disheartening it can be to face denial for life insurance due to depression. It’s a situation many people find themselves in, but it’s important to know it’s not the end of the road. Different insurers have varied policies and risk assessments.

If you’ve been denied, consider reaching out to companies that specialize in high-risk cases or have more lenient policies towards mental health conditions.

Also, improving your overall health profile and having a strong treatment record can make a big difference when you reapply. Remember, a denial isn’t a permanent ‘no’ – it’s more of a ‘not right now.’ Stay positive and keep exploring your options.

Post-Partum Depression and Life Insurance

Absolutely, let’s dive into that. Post-partum depression is challenging enough without the added stress of navigating life insurance. The good news is, while post-partum depression can factor into your life insurance application, it doesn’t automatically disqualify you.

Insurers typically look at how you’re managing your condition. Are you following a treatment plan? How has it impacted your daily life?

Remember, the key here is transparency with your insurer. By being open about your condition and management plan, you can find a policy that works for you, providing the peace of mind you deserve as you focus on your well-being and family

Related Articles


Can I get life insurance if I have anxiety or depression?
Yes, many people with these conditions successfully obtain life insurance. The terms and premiums might vary based on individual circumstances.

Will my mental health condition always impact my life insurance rates?
Not necessarily. It depends on the severity and management of the condition, as well as other health factors.

What can I do to improve my chances of getting better life insurance rates?
Regular treatment, maintaining a healthy lifestyle, and providing a complete medical history can help.


Obtaining life insurance with anxiety and depression disorders is certainly possible, and understanding the process is the first step.

By being informed about how mental health conditions affect insurance and what options are available, you can find a policy that offers the protection and peace of mind you need.

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