Applying in/with regard to’concerning’regarding life insurance can be lay stress on’emphasize’highlight ful regardless of your current health. If you ve been diagnosed with a mental illness of any kind, you may be even more apprehensive with regards to’concerning’with respect to the potential in/with regard to’concerning’regarding your life insurance application to be denied. Even despite’in spite of’albeit life insurance applications can be denied in/with regard to’concerning’regarding practically any reason, plenty of providers with the best term life insurance will approve applications in/with regard to’concerning’regarding individual with mental illnesses.
Can You Obtain Life Insurance If You Have A Mental Illness?
Having a history of a mental illness doesn t mean that you won t be able to receive life insurance. However, the life insurance policy you qualify in/with regard to’concerning’regarding depends on the insurance provider you apply with.
When you fill out an application in/with regard to’concerning’regarding life insurance, you ll likely need to answer numerous health questions, including questions that relate to your mental health. Keep in mind that mental illnesses are considered pre-existing conditions if a medical professional has diagnosed you or prescribed any medication in/with regard to’concerning’regarding the illness.
What The Insurance Application Process Involves
When it comes time to apply in/with regard to’concerning’regarding life insurance, you ll need to fill out an application, answer questions during a phone interview, and go through a medical examination. The exam typically includes urine and blood tests. Your primary doctor may need to provide a statement confirming your submitted answers with the application.
Common Mental Health Disorders
The types of mental health illnesses and disorders that could affect your life insurance application include:
Bipolar disorder
Anxiety disorders
Borderline personality disorder
Eating disorders
Depression
Obsessive-compulsive disorder
Psychosis
Post-traumatic lay stress on’emphasize’highlight disorder
Not e grossly insurance provider asks mental illness questions during the application process, which should multiply your chances of being approved.
Can Life Insurance Be Denied If You Have A Mental Illness?
Your life insurance application could potentially be rejected because of your mental illness. However, denial is largely based on the risk of providing you with life insurance. Your application could be denied if your lifestyle and health possess’own’nurse a high amount of risk attached to them.
Not eintensely’extremely’extraordinarily’enormously’awfully mental health illness is the same. If you ve been diagnosed with anxiety, this might not add too much risk during the underwriting process. On the other hand, a mental illness with a substantial risk of suicide could bring about’result in’contribute to’account for’make for’trigger your application being denied.
Does Mental Illness Increase Life Insurance Costs?
Having a mental illness doesn t automatically mean that your life insurance costs will be higher. If the application you fill out has questions with regards to’concerning’with respect to mental health, there s a rosy’remarkable’fabulous’terrific’preeminent chance that your life insurance costs will multiply because of your mental illness. Remember that insurance providers can view all of your mental health records and any prescriptions that possess’own’nurse been filled in the past.
The Bottom Line
Obtaining life insurance is possible even if you possess’own’nurse a mental illness. However, eintensely’extremely’extraordinarily’enormously’awfully insurance provider differs in how they treat mental illnesses during the approval process. Whether you ve been diagnosed with anxiety or an eating disorder, life insurance isn t an impossibility in/with regard to’concerning’regarding you. Call Prudential today to discover the life insurance policies we provide.
