Having a life insurance is an authority that you and your family are protected from the devastating financial problem that can or may lead you to a very emotional state. All may know how sometimes depression and anxiety can be a huge problem. Just to go by depression is more than just an emotional reaction that is characterized by sadness and stress. This is something that if ignored it can turn out to be very dangerous. Those who have been affected by depression have turned out not to function normally and some even try to commit suicide when the illness sets in.
Featured and affordable insurance
The study has revealed that most people who are suffering from depression and anxiety have not been able to get the life insurance simply because depression is very easy to fake, and so most insurers are not ready to give cover for it. This made it difficult for those with depression and anxiety to apply for life insurance, but thanks to the medical council and other medical organizations that came to rescue. As for now people with depression shouldn’t worry, simply because they are now able to apply for life insurance policy without worries.
Life insurance for those suffering from depression and anxiety is very affordable and you can even qualify for preferred plus rate with some of the insurance companies. After your doctor has put you under the medication of depression and anxiety then you are good to go for the application of life insurance, and when you go for it make sure that you go for the company that has the best offers for depression and anxiety
Most insurance company’s offers their rates based on the scenario, meaning it can be situational depression or anxiety, loss of job, death in the family of a particular thing in life. A few companies offer their best preferred plus rates to people who are taking Prozac, Zoloft or other anti-depressants. If your depression is also well controlled and you have no history of suicide attempts or thoughts and again your health is also good.
Tips to follow when apply for a life insurance
Before you go to apply for a life insurance, there are a few things that you will need to know simply because they will determine which life insurance companies for depression will be best for you. And some of these things include:
- When were you diagnosed?
- The exact diagnosis
- The kind of medication you are taking and for how long have you been taking it.
- If you have ever been hospitalized, been to the emergency room or been on disability for anxiety or depression.
- In case you have any history of alcohol or substance abuse
If you health is found to be in a perfect condition the you might be able to qualify for the preferred plus or preferred rates with a few of the aggressive insurance companies for depression and anxiety. You see, after all you won’t have to break the bank at all.
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