Most life insurers are perfectly okay with people that have depression. In fact, it is rare to find a company that asks questions about depression when inquiring about your health.
If you are depressed, you will be easily eligible to receive level death benefits in almost all end-of-life expense companies. This means your payment will be the lowest rate offered by insurers and be fully insured from the first day.
But it Gets Even Better …
Since burial insurance policies are simplified, you will not have to present your medical records or undergo any form of examination. All you have to do is answer a few health questions. We can get official approval from the insurer in a few minutes!
Depression is a serious problem that affects a lot of Americans. This can hamper the daily routine of life. At the same time, what it will not do is impacting your funeral plan. So many companies accept this condition as they see it as if you don’t have it.
The Underwriting Process of Burial Insurance Companies for Depression
Have you been denied life insurance because of depression…? The underwriting process is all about answering some questions about your health and checking your prescription history.
In some unusual cases, the combination of health conditions and medication might result in graded or decline. Be sincere with your agent; In most situations, we can get the coverage that will be effective from the first day because we have access to multiple insurers in a call.
At any rate, you will be asked other questions if you may have other diseases in the past and present that they will have issues with.
In short, end-of-life insurance companies will evaluate all aspects of your health so that they know what type of insurance they can offer to match your risk level.
In the process of underwriting you, insurance companies will ask about this information:
- Questions about current and past illnesses (if any) and lifestyle.
- Evaluation of the history of prescription drugs
The Health Questions
Honestly, you can’t really see a health questionnaire that will inquire about depression or antidepressants.
About 99% of funeral home providers do not ask about depression at all. If you see a mention of depression, they usually use the words major depression. The point is, if you need to get life insurance, depression is not a problem!
In addition to health questions, all funeral policies with underwriting will include a prescription history review. They do this as a way to check the status of your health.
For instance, if someone who was treated for cancer this year answered no to the cancer question, it would be wrong to check the history of the prescription.
Finally, all types of drugs are flagged by many funeral insurers for different conditions. Some prescriptions may cause the insurers to see an applicant as being high risk. This can result in higher rates and wait times, depending on the insurer and the medication.
That said, this is a very comprehensive list of antidepressants. If you take any of them, we have companies that are perfectly okay with all of them.
You might be taking one or more of these prescriptions, but you can still easily qualify for a minimal fee and immediate protection form many insurers.
Getting Life Insurance at Low Rates with Depression is Possible
The best thing you can do is to be sincere with yourself about your health condition before you begin the process of underwriting, so there won’t be surprises later.
If you have mild depression, inasmuch as you go to the right life insurer, you can still get preferred rates, as long as you meet all other preferential rate criteria. In unusual cases, some people have even obtained a preferred rate.
If you suffer from moderate depression, you are likely to be eligible for standard life insurance rates.
If you think you stand between mild and moderate, you can qualify for the standard plus.
For serious depression, your case will be examined individually. The underwriters will want to check your medical history, medication, and treatment records.
If you are still concerned about whether you will get approval or not or are nervous about what underwriters have to say, feel free to contact us to ask about the guaranteed acceptance life insurance policy.
We have dealt with a lot of people who have already suffered from depression, and we can help you get the most affordable rates possible, irrespective of your health condition.