Burial Insurance With Depression

Man Wondering About Burial Insurance With Depression

Getting burial insurance with depression has never been easier. Most burial insurance companies are perfectly fine with people with depression. Most companies don’t even ask about depression in their health questions.

If you have depression, you will be eligible for instant coverage if you select the correct burial insurance company. You will benefit by paying the lowest premium and you are protected from the first day you purchased the policy.

Approximately 15 million U.S. adults deal with major depression every year, according to the Depression and Bipolar Support Alliance. Because depression affects so many Americans,  and rarely results in premature death, insurance companies don’t necessarily put you in a high-risk category for obtaining life insurance.

Burial insurance companies look at statistics when they determine your mortality risk. Many medical conditions can shorten your lifespan. Depression doesn’t necessarily increase your possibility of passing away earlier, though it can affect your ability to think clearly. The only case where depression leads to loss of life is when there is erratic behavior or suicide.

You can still get burial insurance with affordable premiums if you suffer from depression. We have helped many clients obtain burial insurance, and every one of them never paid a higher premium for their policy due to their depression. We can help you to obtain the kind of policy suited to your needs.

FOR EASIER NAVIGATION:

DO THE INSURANCE COMPANIES CARE ABOUT MY DEPRESSION?

WHAT OPTIONS WILL THE INSURANCE COMPANY OFFER ME?

OTHER FACTORS THE LIFE INSURANCE COMPANIES CONSIDER

TYPES OF DEPRESSION THE INSURANCE COMPANIES MAY CONSIDER

UNDERWRITING BURIAL INSURANCE WITH DEPRESSION

POLICY OPTIONS FOR PEOPLE WITH DEPRESSION

FINDING AFFORDABLE BURIAL INSURANCE WITH DEPRESSION

HOW CAN FUNERAL FUNDS HELP ME?

DO THE INSURANCE COMPANIES CARE ABOUT MY DEPRESSION?

Depression is one of the most prevalent mental disorders in the U.S. It affects an estimated one in 15 adults and one in six people will experience depression at some point in their life.

Depression can happen at any age, but on average, it appears during the late teens to mid-20s. Women are more likely to experience depression than men.

Depression in older adults can co-occur with other serious medical illnesses, such as heart disease, cancer, diabetes, and Parkinson’s disease. Sometimes medications for this physical illness may cause side effects that can cause depression.

Most burial insurance companies don’t care about the signs of depression. However, they will be concerned about any thoughts of suicide or death (that makes sense because they are life insurance companies!). We can help you understand your options if you have struggled with these thoughts.

If you have been experiencing some of these signs and symptoms each day for at least two weeks, you may be suffering from depression:

  • Persistent feeling of sadness, emptiness or hopelessness
  • Irritability or angry outburst over small matters
  • Feeling restless or having trouble sitting still
  • Feelings of guilt, helplessness or worthlessness
  • Sleep disturbances, insomnia or oversleeping
  • Loss of interest or pleasure in hobbies, sex or sports
  • Decreased energy or fatigue
  • Difficulty concentrating, making decisions and remembering things
  • Moving or talking more slowly
  • Appetite and weight changes
  • Anxiety, agitation or restlessness
  • Aches or pains, headache or digestive problems
  • Thoughts of death or suicide, or suicide attempts

Symptoms generally must last for at least two weeks for a diagnosis of depression.

WHAT OPTIONS WILL THE INSURANCE COMPANY OFFER ME?

They will decline you

If you apply with the wrong company, your application will be flat-out rejected.

They will issue a policy with a waiting period

These burial insurance companies will issue a guaranteed issue policy with waiting period because they consider you a high-risk applicant. If you pass during the waiting period, your beneficiary will not receive the full death benefit. They will only receive a refund of premium plus 10% interest.

They will charge you more money for your policy

Some burial insurance companies will issue a policy but cost you more because of depression. You will pay more but you will have immediate coverage and will not wait two years before your coverage is in force.

They will treat you as if you don’t even have depression

This is the most popular result with the majority of burial insurance companies.  When you answer health questions, you will notice that most of them don’t ask about depression.

You qualify for burial insurance coverage with a level death benefit. The company will offer you the lowest price. You will see that your monthly premium is the same as that of people who are not suffering from depression.

OTHER FACTORS THE LIFE INSURANCE COMPANIES CONSIDER

The information that you provide in the life insurance application will be considered. This includes details regarding your:

  • Age
  • Gender
  • Height
  • Weight
  • Smoking status
  • Other health problems

TYPES OF DEPRESSION THE INSURANCE COMPANIES MAY CONSIDER

Major Depressive Disorder or Clinical Depression

Is a severe mood disorder that causes severe symptoms. It affects how you feel, think and the way you handle daily activities such as eating, working and sleeping. The symptoms of depression must be present for at least two weeks to be diagnosed with major depression.

Major depressive disorder or Clinical depression may, or may not, be concerned about this condition depending on your medical background, prescription usage, and if you have had hospitalizations or thoughts of suicide.

Dysthymia or Persistent Depressive Disorder

Is also called function depression. Dysthymia is a depression that lasts for at least two years. A person diagnosed with this condition may feel sadness and have a problem sleeping, but it doesn’t stop them from their daily activities. A person may have major depression along with periods of less severe symptoms that last for at least two years.

Dysthymia or persistent depressive disorder has no impact on your ability to qualify for the best burial plans available.

Postpartum Depression

It’s a significant depression experienced by women during pregnancy or after delivery of the baby. Postpartum depression can make new mothers feel sad, anxious or tired and may make it difficult to complete everyday care activities for themselves and their babies.

Postpartum depression has no impact on your ability to qualify for the best burial plans available.

Seasonal Affective Disorder

Is characterized by depression during the winter months. Lack of sunlight is primarily to blame for SAD. It makes people more irritable, anxious, and tired during winter. Symptoms of winter depression include social withdrawal, weight gain or weight gain. This type of depression generally lifts during summer and spring.

Postpartum depression has no impact on your ability to qualify for the best burial plans available.

Psychotic Depression

Occurs when a person has clinical depression coupled with some form of psychosis, such as having delusions and hallucinations or hearing sounds or seeing sights that others cannot hear or see. Psychotic depression requires more attention because it can create severe problems if not treated correctly.

Psychotic Depression may, or may not, impact your ability to get burial insurance. Your eligibility will depend on your unique medical background, prescription usage, and if you have had hospitalizations or thoughts of suicide.

Bipolar Disorder or Manic-Depressive Disorder

Occurs when a patient suffers from extreme highs and lows. Moods fluctuate between mania and depression. People with bipolar disorder experiences episodes of major depression or extreme high moods.

Bipolar disorder or manic-depressive disorder generally has no negative impact on your ability to get burial insurance. Your eligibility will depend on your unique medical background, prescription usage, and if you have had hospitalizations or thoughts of suicide.

Situational Depression

This is also called adjustment disorder is caused by a significant life-changing event or a period of high-stress. It doesn’t need medication, but it can be treated with a short-term prescription if a doctor sees that you need it.

Situational depression has no impact on your ability to qualify for the best burial plans available.

UNDERWRITING BURIAL INSURANCE WITH DEPRESSION

Burial insurance policies are a simplified issue life insurance products. A medical exam is not required to obtain this policy. You only need to answer some health-related questions. You can receive approval from the insurance company within minutes after application.

The underwriting process for burial insurance with depression is simple and straightforward. The underwriter will assess your health through the health questionnaire and check your prescription history. Your answer to the health questions and the medications you take will determine if your application will be approved or denied.

You know what’s cool?

All burial insurance policies don’t have medical exams, and some don’t even have health questions to answer. That’s right, no health questions!

You will qualify even if you have severe depression. Guaranteed issue life insurance policies have no health questions, and they don’t check your prescription history either. The company will issue you a policy if you meet the age requirement and the policy is available in your state.

Guaranteed issue plans do have some drawbacks.

Guaranteed issue life insurance has a two-year waiting period. If you pass during this time, the life insurance company will only refund your premiums plus 10% interest to your beneficiary.

These policies are a bit more expensive compared to plans that have health questions. The company will also limit how much coverage you can get. You can only get a maximum of $25,000 of life insurance coverage. If you want more than that you’ll need to buy several plans.

Guaranteed issue policies are an excellent option for anyone who isn’t able to qualify for coverage through a traditional life insurance policy, but they should only be used as a last resort option because of these drawbacks. It is to your benefit to get a policy with health questions so that you can qualify for a lower monthly premium and immediate coverage.

The Health Questionnaire For Burials Insurance With Depression

Always try to qualify for burial insurance with health questions because burial insurance companies hardly ask about depression and antidepressants in their health questionnaire. Remember, an insurance company is perfectly fine with any health condition they do not ask about on the application for coverage.

Almost every carrier does not ask about depression. If they do, they only ask about major depression, bipolar, or hospitalizations for depression or thoughts of suicide.

Depression is a non-issue with most burial insurance companies.

Prescription History Check For Depression

Every burial insurance company with underwriting (health questions) will check your prescription history to verify your health status. For example, if you said no to the COPD question, and they see COPD medication in your history, prescription history will override your answer on the health questions.

The life insurance company will also want to know if you are taking medications to treat depression. If you are taking various medications to manage your condition, it is perfectly fine with most burial insurance companies.

Here is a list of depression prescription medications that burial insurance carriers are completely fine with. If you take any of these drugs, they will not be a problem at all:

  • bupropion (Wellbutrin, Forfivo, Aplenzin)
  • citalopram (Celexa)
  • clomipramine (Anafranil)
  • desipramine (Norpramin)
  • desvenlafaxine (Pristiq, Khedezla)
  • duloxetine (Cymbalta)
  • escitalopram (Lexapro)
  • fluoxetine (Prozac, Sarafem)
  • fluvoxamine (Luvox)
  • imipramine (Tofranil)
  • isocarboxazid (Marplan)
  • levomilnacipran (Fetzima)
  • maprotiline (Ludiomil)
  • mirtazapine (Remeron)
  • nortriptyline (Pamelor)
  • paroxetine (Paxil, Pexeva, Brisdelle)
  • phenelzine (Nardil)
  • rimipramine (Surmontil)
  • selegiline (Emsam)
  • sertraline (Zoloft)
  • tranylcypromine (Parnate)
  • trazodone (Oleptro)
  • venlafaxine (Effexor XR)
  • vilazodone (Viibryd)
  • vortioxetine (Brintellix)

The only way these medicines would be an issue is with the most severe forms of depression and hospitalizations for depression or thoughts of suicide. However, you should not worry since there are so many carriers that are very welcoming to your condition.

Funeral Insurance, Final Expense Insurance, Burial Insurance With Depression Infographics

POLICY OPTIONS FOR PEOPLE WITH DEPRESSION

MILD DEPRESSION

You have mild depression if:

  • Your depression is well controlled, and you are taking one medication
  • You follow the treatment plan prescribed by your doctor
  • You are not receiving psychiatric treatment
  • You have no history of hospitalization due to depression[/su_list]

If your depression is mild, you can qualify for a level death benefit. It is the best death benefit because it thoroughly covers you from the first day, and it has no waiting period.

If you die one day after the policy is in force, your beneficiaries will receive 100% of the death benefit. The level death benefit is the best death benefit, and this is what we always try to get for our clients.

MODERATE DEPRESSION

You have moderate depression if any of these conditions apply to you:

  • You are under more than one medication
  • You are receiving psychiatric treatment

If you have moderate depression, you can still qualify for a level death benefit. 

It is the best death benefit because it thoroughly covers you from the first day, and it has no waiting period.

If you die one day after the policy is in force, your beneficiaries will receive 100% of the death benefit. The level death benefit is the best death benefit, and this is what we always try to get for our clients.

SEVERE OR  MAJOR DEPRESSION

You have severe depression if:

  • You have hospitalization because of depression
  • Your depression caused disability
  • You have a previous suicide attempt on your record
  • You are prescribed multiple heavy medications for depression and schizophrenia

It’s entirely possible for a person with depression to experience temporary hospitalization. If you have been temporarily hospitalized due to major depression, it will not affect your burial insurance eligibility.

The reality is, only a few insurance carriers have a health question that asks if you have been hospitalized within the last 6 or 12 months. Since there are so many other companies that do not have this sort of question, hospitalization is not an issue.

If you have severe or clinical depression with a disability, you will need to look at a guaranteed issue or guaranteed acceptance life insurance.

A guaranteed issue policy has no medical exam or health questions to answer. Your approval is guaranteed if you pass the age requirement. If your depression is so severe that you are on disability because of it, guaranteed issue life insurance policy is the only type of policy you will qualify for.

FINDING AFFORDABLE BURIAL INSURANCE WITH DEPRESSION

It should be clear by now that depression is not an issue for most burial insurance companies.

Qualifying for burial insurance is really the same regardless of your medical conditions. To find the best burial insurance with depression you must work with an independent life insurance agency like Funeral Funds that have access to multiple insurance companies.

By having access to different companies, we will be able to match you with the insurance carrier that is more accepting of depression. Some of the companies we work with look favorably to applicants with depression.

HOW CAN FUNERAL FUNDS HELP ME?

Trying to find a policy with depression needn’t be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.

If you have a health history with depression, let us help you; we will work with you side by side to find a plan that fits your needs.

We will work with you every step of the way to find the plan that fits your financial requirements and budget. You need not waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.

We will shop your case to different insurance carriers and get you the best price.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you.  We will search all those companies to get the best rate. We will match you up with the best burial insurance company that gives the best rate.

We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for funeral or burial insurance with depression in your medical history, we can help.

Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.

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