Previously Declined for Depression Now Approved at Best Life Insurance Rate Class
Editor Real Life Case
Today’s success story is about a man in his late 30’s who was declined for life insurance in 2007 due to his depression. At the time, when he originally applied for life insurance he was going through a difficult time. Added to that, he applied with a life insurance company that underwrites depression very conservatively which resulted in a decline letter.
Fast forward nine years later. Now he isn’t taking any medications, hasn’t been hospitalized for depression or had suicidal attempts since 2007 and has a stable job. I sent his information anonymously to the top life insurance companies in the country to see who would offer him the best price. After we received the replies back from the underwriters, we submitted an application. A few weeks later he was approved at the best rate class, Preferred Plus. Needless to say, he was very happy with his approval and now has the peace of mind that he’s able to protect his family with a top life insurance company and at a low price.
Term Life Insurance & Depression Information
- There are a few of the top life insurance companies in the country will still offer the best rate class if you are a depression or anxiety medication.
- There is once company in particular that allows two depression or anxiety medications and to still qualify for the best rate class.
- If you’ve have been hospitalized for depression or anxiety, or have been declined in the past when applying for life insurance, the more time that goes by since the better the rate will typically be.
- If you depression medication is prescribed by a psychiatrist it will affect the rate class but life insurance is still available at a standard or better rate class.