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Can You Get Life Insurance If You Have Depression?

Can You Get Life Insurance If You Have Depression

Yes, you can get life insurance if you have depression. There are a few things to keep in mind, however. First, your premium will likely be higher than someone without depression.

This is because people with depression are considered to be a higher risk for suicide. Second, you may be required to disclose your depression to the life insurance company and provide medical records. Finally, some life insurance policies have exclusions for mental health conditions like depression.

Can I Get Life Insurance If I Have Depression? | Quotacy Q&A Fridays

  • Talk to your doctor about your depression and whether or not it is being effectively treated
  • Your doctor can provide a note or statement attesting to the severity and treatment of your condition
  • Research life insurance companies to find those that are more likely to approve applicants with depression
  • Some companies are more lenient than others when it comes to approving individuals with mental health conditions
  • Gather documentation supporting your case for why you should be approved for life insurance despite your depression diagnosis
  • This may include things like letters from your therapist or psychiatrist, medical records, and information on any steps you’ve taken to manage your depression (e
  • , medication, therapy, etc
  • Apply for life insurance through the company of your choice
  • When completing the application, be sure to be honest about your diagnosis and provide any supporting documentation you have gathered
  • If you are denied coverage, don’t give up! You may be able to appeal the decision or apply for coverage through a different company
Can You Get Life Insurance If You Have Depression?


Can You Get Life Insurance With a History of Depression?

Depression is a serious mental illness that can have a profound effect on every aspect of a person’s life. It is important to remember that, like any other chronic illness, depression is treatable. With proper treatment, people with depression can lead full and productive lives.

While having a history of depression may make it more difficult to obtain life insurance, it is not impossible. There are many different factors that insurers take into account when determining eligibility for life insurance coverage, and each company has their own underwriting guidelines. It is important to be honest about your history of depression when applying for life insurance.

Insurers will likely require a medical exam as part of the application process, and they will also review your medical records. Lying about your history of depression could result in your policy being denied or canceled if the truth is later discovered. If you are able to obtain life insurance coverage despite your history of depression, it is important to remember that the premiums may be higher than someone without such a history.

This is because people with depression are considered to be at an increased risk for suicide. However, as long as you continue to receive treatment for your condition and remain stable, your premiums should not increase over time.

Can You Get Life Insurance With Mental Illness?

It is possible to get life insurance with mental illness, but it may be more difficult to qualify and rates may be higher. Life insurers typically consider applicants’ mental health when determining eligibility and rates. Mental illness can make it more difficult to qualify for life insurance, but it is not necessarily a barrier.

Some insurers may require a medical exam as part of the application process, during which they will ask questions about your mental health history. Others may use third-party data sources to gather information about your mental health.

Does Depression Stop You from Getting Life Insurance?

Depression can have a significant impact on your life insurance premiums. While most life insurance companies will not deny coverage outright to someone with depression, the condition will be factored into their assessment of risk when determining your rates. In general, the higher the perceived risk, the higher the premium.

There are a number of factors that contribute to how much of a risk factor depression may be for a life insurance company. The severity and frequency of episodes, whether or not you are receiving treatment, and your overall mental and physical health all play a role. For example, someone who has had one or two depressive episodes that were treated successfully with medication and counseling would likely be seen as less of a risk than someone who has frequent bouts of severe depression that require hospitalization.

If you have been diagnosed with depression, it is important to be honest with your life insurance agent about your condition. Many people are reluctant to disclose their mental health history out of fear that it will make them uninsurable, but this is rarely the case. Being upfront about your depression will help ensure that you get the best possible rate on your policy.

What Will Disqualify You from Life Insurance?

There are a number of things that can disqualify you from life insurance. The most common is if you have a pre-existing medical condition. This can include anything from cancer to heart disease.

If you have any kind of pre-existing medical condition, it’s likely that you will not be able to get life insurance. Another thing that can disqualify you from life insurance is if you have a criminal record. If you’ve been convicted of a felony, chances are good that you won’t be able to get life insurance.

Insurance companies consider people with criminal records to be high-risk and therefore they’re not willing to insure them. Finally, if you have a history of risky behavior, this can also disqualify you from getting life insurance. Things like skydiving, rock climbing, and BASE jumping are all considered to be high-risk activities by insurance companies and they’re not going to insure someone who participates in them.

So if you’ve got a taste for adventure, it’s best to keep it within the bounds of what’s considered safe if you want to get life insurance.


Depression is a serious medical condition that can impact every aspect of your life, including your ability to get life insurance. While most life insurance companies will consider you for coverage if you have depression, they will likely charge you higher premiums because of the increased risk associated with the condition. In some cases, insurers may even deny you coverage entirely.

If you’re considering applying for life insurance and have been diagnosed with depression, there are a few things you can do to increase your chances of getting approved for coverage. First, make sure to disclose your diagnosis to the insurer upfront. Second, work with a broker who specializes in helping people with pre-existing medical conditions get covered.

And finally, be prepared to pay higher premiums than someone without depression.

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