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How to Apply for the Best Life Insurance With Anxiety

Applying for Life Insurance With Anxiety: Securing the Lowest Rates In [2024]

People apply for life insurance for anxiety and depression disorders virtually every day in the United States. Medical experts claim that everyoneAnxiety Life Insurance Quotes suffers from this condition, at least temporarily.

This is one of the most common mental illnesses in the United States and other countries.

This article will be an information-packed resource to get you pointed in the right direction and show you exactly how you can buy life insurance at a very affordable premium.

Applying for life insurance with anxiety is very similar to the process of applying for life insurance with depression.

Anxiety disorder is the most common mental illness in the United States, affecting over 40 million adults ages 18 and older.

If you have been diagnosed with this condition but keep it under control through medication and remain healthy, you could be eligible for preferred rates.


Can I Buy Life Insurance With Anxiety Disorder?

*Anxiety and life insurance eligibility is simple, but it can get much more involved if the individual has ever had thoughts of committing suicide.

Many people ask if they can get life insurance with anxiety disorder. Most people believe that this is considered a mental condition. Some people also believe that purchasing life insurance with anxiety will be difficult and expensive. Nothing could be further from the truth.

Just about everyone has some form of anxiety at one time or another. This condition is often temporary, and many people grow out of it. However, it is prevalent among people under a lot of stress, such as teenagers and even new mothers.

The only time there could be a problem is if your anxiety is out of control, even with medication, and you have been hospitalized. Most of the people we see with this condition apply and are issued preferred rates as long as they are in good health.


Can Anxiety Cause My Rates to Go Up?

A history of anxiety can cause and applicants rates to go up if they have a more severe case. We rarely see rates increase with this condition as long as it is controlled by natural means or with medication. Unlike health insurance companies, life insurance carriers are only concerned with a medical condition that could cause a person’s demise.

Of course, if your condition was so bad that you were contemplating suicide, then that would be another story altogether. Most people have mild to moderate conditions and can keep everything under control with simple medications and occasional therapy with a doctor.

However, many new drugs improve an anxiety patient’s life to the extremes. Therefore, if your health is other than this condition and your height and weight is normal, you will likely receive preferred rates.


Is it Possible to Obtain Approval Within 24-48 Hours After Applying?

If you have been diagnosed with this condition, use your valuable time to your best advantage. The first task is to contact an experienced independent agent such as us, who can shop the entire market for you.

We can quickly find the best companies to fit your specific needs and budget. After you and your agent have chosen the best life insurance company to apply to, submit a No Medical Exam application for life insurance. 

There are many life insurance options for anxiety and this is a very good one to consider especially if your condition is not very severe. Approval times for no-medical-exam applications are extremely fast.


Why Is It Advisable for Me to Consult a Doctor for a Diagnosis and Examination?

Just a simple case of nervous tension is considered a mild form of anxiety. If you visit your family doctor and mention that you feel a little anxious or worried about something from time to time.

You will probably be identified as an anxiety patient and will place this in your records if you know it or not.

It is highly advisable to know the extent of your anxiety condition and keep it under control.

If you have a history of this condition and you apply for life insurance, your perspective insurer will want to know the details of your medical issues so they can properly underwrite your application.

Life insurance companies don’t take chances and they need to know how mild or severe of a condition you have. Applying for life insurance with anxiety can sometimes be challenging, but only with more extreme conditions. This will always depend on the complexity of one’s specific situation.


I Was Denied Life Insurance Because of Anxiety; Now What?

*Most people who were ever declined either applied with the wrong insurance carrier or had an agent who was inexperienced working with medical conditions. Sometimes it’s a combination of the two.

Periodically we hear of people being denied life insurance because of anxiety. About 90% of the time, this is due to the applicant using the wrong agent and applying to the wrong carrier. You should work with an independent agent specializing in life insurance and contracted with many carriers so he can adequately shop the market for you.

You will also want to make sure your agent is knowledgeable and experienced with medical conditions such as anxiety disorders. Choosing the right life insurance company is one of the most critical factors in getting approved and getting the best life insurance rates. But again, this will require experience and plenty of knowledge on your agent’s part.

We pre-screen applicants’ medical conditions with multiple carriers to know your best choice in companies and plan designs. This hard work on your agent’s part will inevitably enable you to receive the best underwriting decisions along with the lowest rates.


How Does Anxiety Affect Life Insurance?

Anxiety and other mental-related conditions can affect your life insurance application. The most important concept life insurance companies consider is how severe or, hopefully, mild your situation is specific to you. Here is the most critical information they need to know with no close second.

1. Have you ever thought of suicide or made actual attempts?
2. What medications and dosages do you take daily?
3. Have you ever been hospitalized for your condition?

The answers to these three simple questions will tell insurers where to go with this application. As I said earlier in this article, it depends on how mild or intense your condition is.

Anxiety and life insurance rates will also depend on the insurance carrier you apply with. We always use life insurance companies that are the most anxiety friendly and liberal with this condition.


Can I Receive Disability Benefits for Anxiety?

*If you have a severe case of anxiety, you may qualify for disability payments.

If your condition is severe enough, it can be observed as a partial or total disability. A total disability would be confined to a hospital or mental institution for a considerable amount of time.

However, this is not very common, and in most cases, people with anxiety find their condition inconvenient in their everyday life. Here are some excellent articles to read by clicking these links:


What Are the Most Common Symptoms of Anxiety?

*Keep in mind that almost everyone has experienced a form of anxiety in their life, especially if theyanxiety and life insurance coverage have a stressful lifestyle.

1. A mild or intense feeling of nervous tension and stress
2. Feelings of impending danger or doom with possible panic effects
3. Heart rate increases, such as a possible heart attack effect
4. Uncontrolled hyperventilating 
5. Excessive perspiration (not caused by hot temperature conditions)
6. Uncontrolled body trembling
7. A solid or severe physical feeling of being very weak or tired
8. Unable to concentrate on anything other than the impending danger
9. Severe or mild insomnia condition
10. Bellyaches (gastrointestinal pain)
11. Constant sensation of worrying
12. A strong feeling of paranoia
13. Thoughts of suicide


What Are the Best Companies for Anxiety Life Insurance Policies?

*Choosing the correct carrier is one of the most essential steps to receiving the lowest rates. Some of the companies that work very well with Anxiety:

1. Prudential Insurance Co.
2. AIG (American General) offers guaranteed acceptance
3. Lincoln Financial
4. Protective Life
5. Cincinnati Life
6. Banner Life
7. Transamerica

We use over 40 life insurance companies that maintain A+ financial ratings and have been proven to offer the most competitive rates. However, choosing the exact one for you will have to be determined by your answers to some specific questions.

What Questions Will the Insurance Companies Ask?

These are just some of the most common questions the carriers will ask on their application. These questions can vary from one company to another. 

1. When were you first diagnosed with the condition?
2. Have you ever been hospitalized due to anxiety?
3. What medications are you currently taking for your condition?
4. What level was your last diagnosis (mild, moderate, or severe)?
5. Are you currently participating in any psychotherapy treatment?
6. Are you currently undergoing any form of treatment?
7. Have you ever attempted to commit suicide?
8. How frequently are your anxiety-related episodes, including panic attacks?
9. Have you ever missed going to work because of your anxiety?
10. Do you use any forms of drugs or abuse alcohol?


Can I Get Life Insurance if I Use Antidepressants?

Your visits to medical providers for prescription medication show to insurers that you are actively managing your health condition.

Since all carriers have specific underwriting guidelines, we will have to pre-screen this for you to be sure, but most of the time, antidepressants should not be a problem. 

Most of the time, you can be approved for life insurance even if you use antidepressants. This decision will also be based on your dosages and what other drugs you take simultaneously.


What Are the Main Types of Anxiety Disorder?

Applying for life insurance for people with anxiety will be classified as one or more of these types of anxiety disorders:

Post-Traumatic Stress Disorder (PTSD):

Probably by now, almost everyone has heard of this version of Anxiety. PTSD is an extreme form of anxiety that usually stems from terrifying events such as soldiers with combat experience, firefighters who have witnessed near-death situations, and police officers involved in shootings with criminals.

In addition, an ordinary individual can have PTSD due to a severe car accident, physical attack, or robbery. People have also developed PTSD from long-drawn-out volatile divorce cases.

Generalized Anxiety Disorder:

Generalized Anxiety Disorder is a version of chronic Anxiety, uncontrolled worry, and nervous tension. Regardless of the stress level, the individual will constantly worry. This is limited to adults; many children have also been diagnosed with generalized anxiety disorder.

Panic Disorder:

People diagnosed with panic disorder experience repeated and unexpected sessions of intense fear. They will experience shortness of breath, dizziness, and chest pains accompanied by other physical symptoms. These may include chest pain, heart palpitations, shortness of breath, dizziness, and even abdominal issues.

Obsessive-Compulsive Disorder:

OCD usually inflicts obsessions and repetitive impulses to wash their hands, clean things, and count them. If they don’t perform these exercises, their anxiety will steadily increase to a more steady and intense level.

Social Phobia:

Social Phobia is also known as Social Anxiety Disorder. This is a disorder that produces excessive self-consciousness from being around other people. People with this condition fear speaking in formal or even informal situations. They also dislike drinking or eating in front of other people in restaurants and taverns.

What Health Classification Can I Expect to Receive?

*As with all life insurance applications, your health classification will be based on your overall health, not just your anxiety condition. After the underwriting process has been completed, you may expect to be placed in one of several health classifications below.  They are as follows:

Preferred Plus & Preferred:

These two ratings are issued to people that would be considered very healthy. If your condition is controlled and you don’t have any other risky medical conditions or are overweight, you should fall into one of these two classes.


Many people with anxiety and depression disorders can fall into this category. The standard rating is often issued to life insurance applicants in average health, and their anxiety is controllable.

Substandard: (with rate tables):

A substandard rate class is also associated with a letter or a number “rate table” system, such as Standard rate class 2 or Standard rate class B. The numbers run from 1-10, and the letters run from A-J. This designates the severity of the underwriting decision. Some companies use the number system, and others use the letter system.


Can I Apply for Life Insurance Over the Phone?

Applying over the telephone is much faster and more efficient than an online or a 30-page paper application. This is because we use theAnxiety and Life Insurance Quotes SnapApp application system, the most streamlined way to apply with no close second.

All you have to do is sit back and listen to the questions, and the girls in the application department will do all the work for you. The telephone application will take about 15-20 minutes to complete.


Should I Get a Health Assessment Before I Apply?

A health assessment takes about 5 minutes for you to complete with your agent and will eliminate all the guesswork and surprises that could arise during and after the application process. A health assessment can also help your agent choose the right life insurance company for you to apply with.

Pre-screening your medical condition will help give you and your agent insight into the outcome and expected premium before ever applying. Get accurate anxiety life insurance quotes by starting with a simple pre-screen first.


Our Final Thoughts

Purchasing life insurance with an anxiety disorder or any other mental illness may require a little more strategy, but that is whatlife insurance for people with anxiety disorder your agent is for.

I am sure you have a much better understanding of how life insurance companies view your condition.

This will help you when you are ready to apply. Contact us today and we will answer your questions and remove all the guesswork you may have.

In addition, we will provide you with life insurance quotes with anxiety from all the most competitive companies specifically chosen specifically for you.  

 All the best,
Jack Venturi

*For any questions you might have, call us at 815-390-7545 and we will provide a quick answer.


Jack Venturi Independent Life Insurance Agent

Jack Venturi

Independent agent and founder of

Jack Venturi has over 30 years of experience selling individual and commercial insurance including Property & Casualty, Health, Disability and Life insurance. Jack has helped thousands of people all across the United States purchase the best life insurance products at the lowest possible premiums over the phone (815)-390-7545 and online.

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