I’m sure you have heard this many times, that healthier you are the better life insurance cost will be. One would not think that mental health counts as well.
Anxiety disorders are the most common mental illness in the U.S., affecting 40 million adults. Major Depressive Disorder specifically affects approximately 14.8 million American adults in a given year. Depression and anxiety cause physical effects including:
Acute physical stress which can lead to premature death
A weakened immune system
High blood pressure
Poor sleeping/eating/exercise habits
Suffering depression or anxiety does not mean that your life insurance cost will be expensive. Underwriters look into each individuals application differently. They usually ask questions like:
If your depression affects your sleeping habits
If your depression affects your weight or eating habits
If you use medication to manage your depression
If you have been treated in an inpatient or outpatient clinic
If you have been hospitalized from depression
If your employment history has been affected
If you have a history of suicidal thoughts or attempts.
Underwriters ask these questions to weigh the risks of insuring you. If you are a person who can manage their depression and anxiety safely, underwriters will take that into consideration.
The contemporary life insurance market is way more extensive than a source of income for beneficiaries when catastrophe strikes. With a plethora of options, these plans offer you and your entire family peace of mind, and often give your money investment opportunity to allow you to enjoy the money invested during your lifetime.
Choosing the perfect life insurance plan depends as much on your financial needs as it does on your health class rating. We will assess all factors and guide you through every option until we find the perfect plan for you.
Cosmo Insurance Agency is knowledgeable in various options including but not limited to – term, ROP, permanent and whole - from over two dozen A rated carriers. We are familiar with the rate classifications that particular carriers use to determine the health class of enrollees – and there are significant differences between them. No matter what the results of your medical examination are, we will find the insurer that will provide you will the best rating class and thus the lowest premiums.
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