Anxiety Life Insurance Quotes & Information + Video

Discover the Essential Information About Life Insurance With Anxiety in [2024] + YouTube Video

In the United States, people apply for life insurance with anxiety virtually every day. Medical experts claim that everyone suffers from this condition, at least on a temporary basis.

It is one of the most common mental illnesses in the United States and most other countries.

This article will be an information-packed resource to get you pointed in the right direction and show you exactly how you can buy life insurance at a very affordable premium.

Anxiety disorders are the most common mental illness in the United States, affecting over 40 million adults ages 18 and older.

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If you have been diagnosed with this condition but keep it under control through medication and remain healthy, you could be eligible for preferred rates.

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Can I Get Life Insurance if I Have Anxiety?

Anxiety and life insurance eligibility are simple, but it can get more involved if the applicant has ever had thoughts of committing suicide.

Many people ask if they can get life insurance with a history of anxiety. Some people believe that purchasing life insurance will be difficult and expensive. Nothing could be further from the truth.

Just about everyone has experienced some form of this illness at one time or another. The condition is often temporary and many people grow out of it. However, it is prevalent among people under a lot of stress, such as teenagers, military personnel, corporate executives, police officers and even new or expectant mothers.

The only time there could be a problem is if your anxiety is out of control, even with their prescription medication. Most people we see with this condition apply and are issued excellent rates as long as they are in normal or good health. Life insurance with anxiety is simple to apply for and to get approved with very affordable rates even if you have had this condition for several years.

 

How to Buy Life Insurance with Anxiety: YouTube Video

 

How Many People Does Anxiety Disorder Affect? Here Are the Statistics 

As I have previously mentioned, anxiety disorders are among the most common mental health conditions globally according to these recent statistics:

Global Prevalence:

Approximately 4% of the global population (which breaks down to about 320 million people) are estimated to live with anxiety disorders. The prevalence of this condition will vary by region, with higher rates observed in economically developed countries​.

In the United States:

Approximately 19.3% of adults experience some form of anxiety disorder each year, while 31.3% will experience a form of anxiety at some point in their lifetime. Among young people aged 13–19, the lifetime prevalence is even higher, at 32.2%, with young females more frequently affected than young males.​

​Age and Gender Factors:

Anxiety disorders normally will begin early in one’s life, with notable peaks between ages 10–15 and 34–39.

Adult females tend to have higher prevalence rates compared to adult males. ​

These numbers reflect the widespread impact of anxiety disorders, which promotes the need for better awareness, prevention, and accessible treatment.

 

Does Anxiety Affect Life Insurance?

A history of anxiety can cause an applicant’s rates to go up if they have a more severe case. We rarely see large rate increases with this condition as long as it is controlled by natural means or with medication. Unlike health insurance companies, life insurance carriers are mainly concerned with medical conditions that could cause a person’s demise.

Of course, if your condition is so bad that you are contemplating suicide, then that would be another story altogether. Most people have mild to moderate conditions and can keep everything under control with simple medication use and occasional therapy with a doctor.

However, many new drugs can improve a patient’s life to the extremes. Therefore, if your health is normal other than having this condition and your height and weight is also normal, you will likely receive very competitive rates.

Life insurance carriers have made the process of obtaining coverage much easier due to the fact that some form of anxiety is evident in virtually all Americans.

 

Application Approval Times

If you have been diagnosed with this condition, use your valuable time to your best advantage. Your first task is to contact an experienced independent agent such as us, who can shop the complete market for you.

We can quickly find the best companies to fit your specific needs and budget. After you and your agent have chosen the best life insurance company to apply with, you may also submit a No Medical Exam application if you are in good health. 

There are many life insurance options for anxiety and this is a very good one to consider especially if your condition is not very severe. Approval times for no-medical-exam applications are extremely fast.

With specific companies, you can get approved in as little as 24-48 hours after you complete your application. Some companies will approve life insurance for people with anxiety with the same day approval time.

 

Denied Life Insurance Due to Anxiety

Most people who were ever declined either applied with the wrong insurance carrier or had an agent who was inexperienced working with medical conditions. Sometimes it’s a combination of the two.

Periodically we hear of people being denied life insurance because of anxiety. About 90% of the time, this is due to the applicant using the wrong agent or applying to the wrong carrier. You should always work with an independent agent that specializes in life insurance and is contracted with many carriers so he can adequately shop the market for you.

You will also want to make sure your agent is knowledgeable and experienced with all types of medical issues. Choosing the right life insurance company is one of the most critical factors in getting approved and getting the best rates. But again, this will require experience and plenty of knowledge on your agent’s part.

We pre-screen applicants’ medical conditions with multiple carriers to help you find the best choice in companies and plan designs. This hard work on your agent’s part will inevitably enable you to receive the best underwriting decisions along with the lowest rates. 

 

Can Anxiety Increase My Rates?

Anxiety and other mental-related conditions can affect your life insurance application and increase your rates. The most important concept life insurance companies consider is how severe or, hopefully, how mild your condition is specific to you. Here are the most important questions they need answered:

1. Have you ever thought of suicide or made actual attempts?
2. What medications and dosages do you take daily?
3. Have you ever been hospitalized for your condition?

The answers to these three simple questions will tell insurers where to go with this application. As I said earlier in this article, it depends on how mild or intense your condition is.

Your life insurance rates will also depend on the insurance carrier you apply with. We always use life insurance companies that are the most anxiety-friendly.

 

Can I Receive Disability Benefits for Anxiety?

If you have a more severe case of anxiety, you may possibly qualify for disability payments.

If your condition is severe enough, it can be observed as a partial or total disability. A total disability would be confined to a hospital or mental institution for a considerable amount of time.

However, this is not very common, and in most cases, people with anxiety just find their condition uncomfortable at times. 

 

What Are the Most Common Symptoms of Anxiety?

Keep in mind that almost everyone has experienced a form of anxiety in their life, especially if they have an occupation or lifestyle with a lot of responsibilities and tend to worry a lot.

If you are applying for life insurance for anxiety patients check this list out. See if any of these side-effects apply to you.

1. A mild or intense feeling of nervous tension and stress
2. Feelings of impending danger or doom with possible panic effects
3. Heart rate increases, such as a possible heart attack effect
4. Uncontrolled hyperventilation 
5. Excessive perspiration (not caused by hot temperature conditions)
6. Uncontrolled body trembling
7. A solid or severe physical feeling of being very weak or tired
8. Unable to concentrate on anything other than the impending danger
9. Severe or mild insomnia condition
10. Bellyaches (gastrointestinal pain)
11. Constant sensation of worrying
12. A strong feeling of paranoia
13. Thoughts of suicide

 

Best Life Insurance Companies for Anxiety

Choosing the correct carrier is one of the most essential steps to receiving the lowest rates. Some of the best life insurance companies for anxiety are listed below:

1. Prudential Insurance Co.
2. AIG American General 
3. Lincoln Financial
4. Protective Life
5. Cincinnati Life
6. Banner Life
7. Transamerica

We use over 40 life insurance companies that maintain A+ financial ratings and have been proven to offer the most competitive rates. However, choosing the exact one for you will have to be determined by your answers to some specific questions.

Questions Insurers Commonly Ask

These are just some of the most common questions the carriers will ask on their application. These questions can vary from one company to another: 

1. When were you first diagnosed with the condition?
2. Have you ever been hospitalized due to anxiety?
3. What medications are you currently taking for your condition?
4. What level was your last diagnosis; mild, moderate, or severe?
5. Are you currently participating in any psychotherapy treatment?
6. Are you currently undergoing any form of treatment?
7. Have you ever attempted to commit suicide?
8. How frequently are your anxiety-related episodes, including panic attacks?
9. Have you ever missed going to work because of your anxiety?
10. Do you use any forms of drugs or abuse alcohol?

 

Can I Get Anxiety Life Insurance if I Use Antidepressants?

Your visits to medical providers and the use of prescription medication show insurers that you are actively managing your health condition.

Since all carriers have specific underwriting guidelines, we will have to pre-screen this for you to be sure, but most of the time, antidepressants should not be a problem. 

Most of the time, you can be approved for life insurance even if you use more than one antidepressant. The decision will also be based on your dosage and what other drugs you take simultaneously for any other health conditions you may have.

 

Main Types of Anxiety Disorder

Applying for life insurance for people with anxiety will be classified as one or more of these types of anxiety disorders:

Post-Traumatic Stress Disorder (PTSD):

By now, almost everyone has probably heard of this version of anxiety, which is PTSD. This is an extreme form of anxiety that usually stems from terrifying events such as soldiers with combat experience, firefighters who have witnessed near-death situations, and police officers involved in shootings with criminals.

In addition, an ordinary individual can have PTSD due to a severe car accident, physical attack, or robbery. People have also developed PTSD from long, drawn-out, volatile divorce cases.

Generalized Anxiety Disorder:

Generalized Anxiety Disorder is a version of chronic anxiety, uncontrolled worry, and nervous tension. Regardless of the stress level, the individual will constantly worry. This is limited to adults; many children have also been diagnosed with generalized anxiety disorder.

Panic Disorder:

People diagnosed with panic disorder experience repeated and unexpected sessions of intense fear. They will experience shortness of breath, dizziness, and chest pains accompanied by other physical symptoms. These may include chest pain, heart palpitations, shortness of breath, dizziness, and even abdominal issues.

Obsessive-Compulsive Disorder:

OCD usually inflicts obsessions and repetitive impulses to wash their hands, clean things, and count them. If they don’t perform these exercises, their anxiety level will steadily increase to a more steady and intense state.

Social Phobia:

Social Phobia is also known as Social Anxiety Disorder. This is a disorder that produces excessive self-consciousness from being around other people. People with this condition fear speaking in formal or even informal situations. They also dislike drinking or eating in front of other people in restaurants and taverns.

Best Way to Apply for Coverage?

Applying for life insurance over the telephone is the quickest and most efficient way to submit an application. This is because we use the SnapApp application system, which is the most streamlined way to apply with no close second.

All you have to do is sit back and listen to the questions, and the girls in the application department will do all the work for you. The telephone application will take about 15-20 minutes to complete.

 

Mental Illness Questionnaire 

If you would like us to provide you with an accurate rate quote, please complete this mental illness health questionnaire.   Rest assured that your information is secure and confidential.

You can either call it in to us, email it or fax it back to us and we will be able to provide you with an accurate projection of what your rates will be if you were to apply.

Our Contact Us page contains our email address and fax number. Don’t hesitate to let us know if you have any questions. We are available seven days a week!

 

Our Final Thoughts

Purchasing life insurance with anxiety is a simple process and you can easily get approved for very competitive rates. 

I am sure you now have a much better understanding of how life insurance companies view your condition.

This will help you when you are ready to apply. Contact us today and we will answer your questions and remove all the guesswork you may have.

In addition, we will provide you with life insurance quotes with anxiety from all the most competitive companies chosen specifically for you.  

 All the best,
Jack Venturi

For any questions you might have, call us at 815-390-7545 and we will provide a quick answer.