Compare rates from top carriers in minutes!

In a matter of minutes compare multiple quotes from leading carriers.

When applying for life insurance, insurance companies take many things into consideration.

One of the things they are most concerned about is the mortality rate of the applicant.

What contribute to the mortality rate are the applicant’s lifestyle, health, pre-existing conditions, and mental health as well.

For example, if a smoker who rides motorcycles frequently without a helmet, who is a heavy drinker, and has diabetes, applies for life insurance, they will not have a very good chance of getting accepted.

In contrast, someone who has no pre-existing conditions, does not smoke, lives a safe and healthy lifestyle and never drinks applies for life insurance, that individual will have a better chance than the previous individual.

Depression as a Pre-Existing Condition

Unfortunately, depression falls into the category of pre-existing conditions and can affect an individual’s chances of being accepted for life insurance.

It has been shown that people with depression have a higher rate of mortality than people who aren’t depressed. If you do have a history of depression, insurance companies will look closely at your depression history. They will want to know the age you were at your diagnosis, and how much time has passed since the diagnosis.

Life insurance quotes
in less than 1 minute!

The duration of the depression and how severe it is will be looked at as well. They will also want to know if you are taking medication and how affective the medication is. It will also matter how often you have changed medications. It will be taken into consideration if you have been hospitalized frequently due to depression. Also, they will want to know if you have made any suicide attempts, if you have any other mental disorders, if you are disabled because of the depression, if you have any current alcohol or drug abuse problems, as well as any other health problems in general.

If you have any combination of these, then the prospects for getting insurance may be very grim. Someone who has many of these problems will either be denied insurance completely, or will have to pay a higher premium. Even if you have a depression history, you can still definitely get insurance.

However, the current state of the depression, your lifestyle and your general health will greatly affect how much you pay or if you can be covered at all.

On the positive side, a perfectly healthy person who has depression can certainly get insurance at a low rate. Having depression does not mean you cannot get insurance, it just may it more difficult or expensive.

If there have been thoughts of suicide or suicide attempts, you will most likely be declined. However, a slight case of depression may not affect your application at all, depending on the case. The type of medication you take can affect your case as well. Insurance companies also decline people who have depression derived from Post Traumatic Stress Disorder as well.

Life Insurance Applicant with Depression

We’ve been able to help several people get life insurance coverage that suffer from all sorts of depression.  When talking with the client about their depression history, we need to know:

  • The severity—mild, moderate, or severe?
  • Are there any hospitalizations or time loss from work?

If mild and no complications, we have several carriers that will go with a preferred rating.   The key is showing that you are compliant with what your doctor has ordered.   Some life insurance companies that are more aggressive underwriting depression are AIG, AXA, Banner, Genworth, Lincoln Benefit Life, Protective and Transamerica.

A recent applicant only health issue  was depression and they were first diagnosed in 2009  and wasn’t treated again until June 2012. They were not diagnosed with a specific type of depression and they thought it was just a general depression.  They had never been hospitalized and only took two minor medications.  In this clients case, we were able to get them approved Preferred.

Getting Approved with Depression

As you can see  it really varies cases by case whether you can get insurance if you have a history of depression. It’s best to discuss your options with an insurance company or insurance agent to see what will be best for you.

This article is featured in the Cavalcade of Risk Carnival hosted by My Personal Finance Journey.


Life insurance quotes
in less than 1 minute!


When you have diabetes, you may worry that you can’t get life insurance at all.

In fact, nothing could be further from the truth.

Approximately 8.3% of the U.S. population has some form of diabetes, making the disease one of the most prevalent health concerns in the country.

Getting affordable life insurance with diabetes can take some extra effort, but it is possible to get a policy with a favorable rate.

How Does Diabetes Affect Life Insurance?

With diabetes, just what your medical treatment is like and how well your condition is managed can make a big difference. Be sure to let insurance companies know whether or not you have to take medication to control your diabetes and what dosage you take. Knowing your average blood sugar level can help you to get more insurance offers and better rates if you have good control over your levels.

[click to continue…]

Life insurance quotes
in less than 1 minute!

Life Insurance for Seniors 70 Years Old

Life insurance is something that is unique to your particular lifestyle and needs. So it comes as no surprise that being over the age of 70 is another contributing factor to the type of insurance you end up needing. Perhaps the most important thing to remember when shopping for insurance at the age is to [...]

Read the full article →

Pros and Cons of Universal Index Life Insurance Policies

One of the insurance products receiving some interest in recent years has been the universal index life insurance policy. These life insurance policies are permanent life insurance policies, build cash value over time, and provide the ability to take advantage of stock market gains. While the universal index life insurance policy can be a way [...]

Read the full article →

Special Risk Life Insurance – How Special is it?

Special risk life insurance is a lot like high risk life insurance, you can get it but you’ll wind up paying more than those the insurance companies deem not a risk. Smokers and seniors are the primary example of those who companies deem a ‘special risk’, along with any other person with a pre-existing medical [...]

Read the full article →

How Much is Life Insurance After You Have Quit Smoking?

My father had smoked for much of his adult life until he was 40. That is until he had me. He told me that seeing the burn holes from his ashes on his white undershirt was the reason he was determined to quit because he didn’t want those ashes falling on his newborn son. To [...]

Read the full article →

Can You Buy Life Insurance with Cushing’s Syndrome?

Cushing’s syndrome is a medical condition that can lead to obesity, weak bones, hypertension, diabetes, and other serious problems. As a result, life insurance companies are stricter with applicants who have this condition. If you have Cushing’s syndrome, you still might be able to qualify for coverage though. It really depends on a few different [...]

Read the full article →

Why You May Need to Get A Complete Blood Count to Get Life Insurance

When you apply for life insurance, the insurance company might request a number of different tests to check your health. One commonly ordered test is the Complete Blood Count (CBC). This test looks at the three major cell lines in your blood (red blood cells, white blood cells, and platelets) to see if you have [...]

Read the full article →

How to Buy Life Insurance with Iron Deficiency Anemia

If you have iron deficiency anemia, it’s going to be an issue when you apply for life insurance. While most cases of anemia are temporary and aren’t serious, in some cases this condition can be a sign of a very major health problem. To learn more about how your condition will impact your insurance rating [...]

Read the full article →

Who Else Want To Buy Cheap Life Insurance At Age 68?

The closer you get to retirement, the more you start to think about what might happen to your family in the event of your absence. Age sixty eight is not too late to start thinking about what type of policy is best for you and your needs. If you are healthy you can still secure [...]

Read the full article →