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If you are medically diagnosed or taking medication for depression, never fear, your burial life insurance premiums are the same as anyone not with this condition.
In fact, it is very rare for someone’s coverage to go up or change in any way because of a past or present depression diagnosis.
In this article we are going to go over all the ways to save on your burial life insurance if you have depression.
Table Of Contents
How Insurance Companies View Depression
As you probably know, all insurance companies are in the business of determining risk. What this means is they will look over your entire health profile to know just how risky you are.
Luckily, if you have depression pretty much every burial insurance company out there will not penalize you, as this is not a risk to them.
In fact, most don’t even ask about mental health issues whatsoever!
If you want burial life insurance at the lowest price possible, all you have to do is answer a few health questions. If you don’t want to answer any health questions you can get guaranteed issue burial insurance, which you can read about here.
Many people are who medically depressed are on some type of medication to treat it. While this is perfectly fine for insurance purposes, many of these medications are dual use for other mental health issues, such as bipolar disorder.
If you are taking medication, it is important to tell us what you take so we can make sure to leave a note with the insurance company. The reason the insurance company needs to know what it is for is so they can make sure you don’t have other type of health issues, which brings us to our next topic…
Other Health Conditions
Depression by itself is fine with pretty much every burial life insurance company. However, many people also have other types of mental or general health issues.
For example, if you have bipolar disorder, certain companies like Mutual Of Omaha will only offer a waiting period policy and raise your rates. Other companies will accept bipolar no problem.
The key is to go over your entire health and prescription profile to find the company that will offer you coverage with no waiting period at the lowest rates possible.
We help people every day find burial life insurance at rates they didn’t think were possible due to their health conditions. Just make sure you are honest about everything that you have!
Find The Best Rates
The truth is, if you have depression and are looking for any type of life insurance, we have companies that will accept you as if you didn’t have depression no problem.
But you must work with an independent agency or broker to find the best rates available. If you look at companies at TV like State Farm or Liberty Mutual, they are all going to be more expensive for you than the companies we work with. Who do you think pays for those expensive TV ads? You the policy owner…
If you want to save the most money on burial life insurance, just simply fill out the quoter, chat with a live agent or give us a call and we will go over all of your options and get your approved for coverage in minutes!
Alternatively, if you don’t want to answer any health questions and go with a guaranteed issue policy we can find the cheapest one for you there as well. It’s all up to you.
We look forward to speaking with you!