Buying Life Insurance with Depression or Anxeity
For physically fit and psychologically sound individuals, getting life insurance is not hard.
Buying life insurance if you suffer from depression is, however, a different story. The truth is, purchasing life insurance for someone who has depression can be complex, frustrating and costly.
Thankfully, Local Life Agents enables people with depression, who also want to buy life insurance, to do so with our expert assistance and advice. Depression is an impaired risk that life insurance companies underwrite with scrutiny.
We have extensive knowledge about the seriousness of this illness and we know which life insurance companies off the best rates if you suffer from depression.
What Is Depression?
According to the Mayo Clinic, depression is a mood disorder characterized by feelings of sadness, loss and malaise. Major episodes of depression can cause a wide range of emotional problems and physical challenges.
Depression can disrupt daily activities, interfere with school or work, and even cause a person to have suicidal tendencies.
Treatment for depression may include counseling, medication, cognitive exercises, or a combination of some or all of these things.
According to the Centers for Disease Control and Prevention (CDC) and the National Institute of Mental Health, nearly 15 million American adults have a major depressive event each year. The median age for the onset of this condition is 32, though it can emerge at any age.
People with depression are four times more likely to have a heart attack than those without this illness. After a heart attack, patients with depression have a substantially higher risk of having a second heart attack or another life-threatening condition.
The economic impact of clinical depression makes it one of the country’s most expensive illnesses, resulting in more than $51 billion in lost productivity and $26 billion in medical fees.
We recognize the gravity of these figures, which is why we do a comprehensive search to find insurance carriers that offer life insurance for people with depression.