Depression And How It Impacts Life Insurance Prices

 Obtaining special insurance such as Anxiety & Depression Life Insurance can be an issue and more expensive than regular life insurance. Depression is a serious medical condition and is many times ignored by many patients. Before most companies will issue life insurance to someone that is depressed they must have the proper documentation from the attending physician. These documentations must include things like trigger points and treatment plans to prevent further onsets of these depression bouts. There are many things that a person can do along with trying to avoid the trigger points like get plenty of sleep, exercise regularly., avoid alcohol and other drug stimulants, just to name a few.

Depression Is An Illness

Most of us at one point or another in our lives will experience short lived depressions. But some people will have clinical depression which can be a serious medical condition. This can be a hereditary condition or one that is learned and the onsets can be caused by the use of too much alcohol or drugs. A depressed person can feel sad, angry, hopeless, stressed or that life is not worth living. It can be brought on by the death of a loved one, the loss of a job, by the use of some medications such as sedatives or from serious illnesses such as cancer. There are many reasons or causes and not all can totally be explained.

Depression And How It Impacts Life Insurance Prices

Some Treatment Options For Depression

  • Avoid alcohol and drug use
  • Eat a healthy nutritious diet
  • Force yourself to do activities that you enjoy
  • Spend time with friends and family
  • Talk to your clergy or spiritual adviser

Getting Insured

Getting life insurance over 60 can be very difficult especially if the person that is applying has been dealing with depression. Most insurance companies will want the applicant’s treatment plan from their doctor, on the steps that the patient is taking to be able to able to return to work and to continue on with their normal daily living activities. There are times if a patient is hospitalized for their depression or is having to seek extended treatment, that some insurance companies will suspend their policies for up to a year.

If you are struggling with depression, know that you are not alone and there are other people that have the same illness. Also know that there are insurance companies that will help you with your life insurance. If you need to know more you can also visit this site. Do your homework and find one that will not charge you unreasonably high rates. Get several quotes from companies that will cover you and be sure to be honest with them about your depression diagnosis. If not, this can cause a major rate increase or your policy to be canceled entirely. It is very probable that you are going to pay a higher rate than someone who does not suffer from these ailments. But if you shop carefully you can save money on your anxiety & depression life insurance

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