What to Know About Depression, Anxiety Disorder and Life Insurance

How Mental Health Can Impact Your  Life Insurance

 

Those with a mental illness, such as anxiety or depression, can struggle throughout each day. As if that wasn’t hard enough, they may find getting life insurance overwhelming. Life insurance companies look at your overall health and wellbeing and will take all illnesses into account when considering premiums – including mental illnesses. Whether or not you have a mental illness, life insurance in Red Hook, NY is important to obtain to protect your family and loved ones.

 

Get your life insurance policy as soon as possible

With life insurance, the sooner you apply, the sooner you could be approved. If you take out life insurance when you’re young and healthy, you could be looking at very low premiums. We understand that life can be hectic and that taking out a life insurance policy can often fall to the bottom of your to-do list. If you have anxiety or depression, it can seem tempting to put off getting coverage, but it’s important that you don’t.

 

Disclose your full medical history

As with any other type of health concern, a mental health disorder should be disclosed in the application process. If you don’t, it could impact whether your claim is paid if you pass away. In short, if the insurer finds out that you didn’t declare your illness, they could deny your claim, leaving your family in the lurch.

 

Don’t assume you can’t be covered

Depression and anxiety shouldn’t prevent you from applying for life insurance. Be honest, keep expectations in check, and don’t be afraid to ask your insurer questions. The life insurance application process is easier than you may think!

 

Finding the right life insurance when you have depression and anxiety doesn’t have to be difficult. Do you have questions about finding the right, affordable life insurance policy? Talk to the team at Kneller Agency today to get started!

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