Life insurance for people with depression and anxiety
Depression is a common illness that affects a large number of people each year. Depression and anxiety are important issues for most life insurance companies. Studies show that people with anxiety and depression are more likely to suffer from asthma, diabetes, cardiovascular disease and have life-altering habits such as binge eating and drinking, smoking and lack of exercise.
There are several types of anxiety disorders including: social anxiety disorder, panic disorder, obsessive-compulsive disorder, post-traumatic stress disorder, and general phobias.Symptoms of anxiety disorders usually include: insomnia, muscle aches, trembling, and abdominal problems.
The type of rates you will be offered depends on the type of anxiety and depression of which you suffer. It also depends on how the treatment is working and the length of time you've been under treatment. Severe mood disorders usually don't get to preferred rates in most cases. Simple mood disorders however are usually underwritten for insurance at standard rates or better.
Preferred rates are usually given to insurance customers with depression if they don't smoke, are keeping their condition under control, haven't been hospitalized etc. This criteria varies greatly from one company to another. Make sure you find a qualified agent who can help you get the best rates.