Do you or someone you know suffer from depression or anxiety ? In most cases, the answer is yes. You see, one in five Americans will be impacted by mental illness in their lives. Most folks who suffer from either or both of these conditions may be anxious about applying for burial insurance because of their prescription. These people may also think will be turned down because of the risk that they might hurt themselves. We are here to let you know that you or a loved one can absolutely get low cost burial insurance with depression or anxiety.
Anxiety and Depression
It’s not uncommon for someone with an anxiety disorder to also suffer from depression or vice versa. Nearly one-half of those diagnosed with depression are also diagnosed with an anxiety disorder. You don’t have to be a policy genius to see why.
Did You Know?
- Anxiety disorders are the most common mental illness in the U.S., affecting 40 million adults in the United States age 18 and older, or 18.1% of the population every year.
- Anxiety disorders are highly treatable, yet only 36.9% of those suffering receive treatment.
- People with an anxiety disorder are three to five times more likely to go to the doctor and six times more likely to be hospitalized for psychiatric disorders than those who do not suffer from anxiety disorders.
- Anxiety disorders develop from a complex set of risk factors, including genetics, brain chemistry, personality, and life events.
Let’s Discuss the Different Types of Anxiety and Depression Disorders that a Person May Incur:
- GAD affects 6.8 million adults, or 3.1% of the U.S. population, yet only 43.2% are receiving treatment.
- Women are twice as likely to be affected as men. GAD often co-occurs with major depression.
Panic Disorder (PD)
- PD affects 6 million adults, or 2.7% of the U.S. population.
- Women are twice as likely to be affected as men.
- SAD affects 15 million adults, or 6.8% of the U.S. population.
- SAD is equally common among men and women and typically begins around age 13 Unbelievable, right? About 36% of people with social anxiety disorder report experiencing symptoms for 10 or more years before seeking help.
- Specific phobias affect 19 million adults, or 8.7% of the U.S. population.
- Women are twice as likely to be affected as men.
- Symptoms typically begin in childhood; the average age-of-onset is 7 years old.
- Obsessive-compulsive disorder (OCD) and posttraumatic stress disorder (PTSD) are closely related to anxiety disorders, which some may experience at the same time, along with depression.
- OCD affects 2.2 million adults, or 1.0% of the U.S. population.
- OCD is equally common among men and women.
- The average age of onset is 19, with 25 percent of cases occurring by age 14. One-third of affected adults first experienced symptoms in childhood.
- PTSD affects 7.7 million adults, or 3.5% of the U.S. population.
- Women are more likely to be affected than men.
- Rape is the most likely trigger of PTSD: 65% of men and 45.9% of women who are raped will develop the disorder.
- Childhood sexual abuse is a strong predictor of lifetime likelihood for developing PTSD.
- The leading cause of disability in the U.S. for ages 15 to 44.3.
- MDD affects more than 16.1 million American adults, or about 6.7%of the U.S. population age 18 and older in a given year.
- While major depressive disorder can develop at any age, the median age at onset is 32.5 years old.
- More prevalent in women than in men.
Persistent depressive disorder, or PDD, (formerly called dysthymia) is a form of depression that usually continues for at least two years.
- Affects approximately 1.5 percent of the U.S. population age 18 and older in a given year. (about 3.3 million American adults). Only 61.7% of adults with MDD are receiving treatment. The average age of onset is 31 years old.
Many people with an anxiety disorder also have a co-occurring disorder or physical illness, which can make their symptoms worse and recovery more difficult. It’s essential to be treated for both disorders.
Seniors Suffering from Anxiety
Anxiety is as common among older adults as among the young. Generalized anxiety disorder is the most common anxiety disorder among older adults, though anxiety disorders in this population are frequently associated with traumatic events such as a fall or acute illness. Learn the best way to treat anxiety disorders in older adults.
Having depression and/or anxiety is not a barrier to getting burial insurance. Rather, it is amazingly simple to find the lowest cost final expense insurance even with depression or anxiety. We work with many clients who suffer from Anxiety and Depression.
Premiums for Burial Insurance who Suffer from Anxiety & Depression
Here is the great news. You (or your loved ones) won’t pay a higher premium for burial insurance due to their anxiety or depression. We have helped many who have these conditions, and we can help you too! So how does having anxiety or depression affect getting burial insurance?
The Facts Regarding Burial Insurance With Anxiety or Depression
Most burial insurance companies are completely comfortable covering someone who has depression or anxiety. Actually, most final expense insurance carriers rarely even ask about depression and anxiety in their health questions. If you have depression, you will easily qualify for a burial insurance with almost final expense companies.
Depression and Anxiety are far-reaching conditions that affect many Americans. 322 million people worldwide live with depression. Depression occurs more often in women than men. Some differences in the manner in which the depressed mood manifests has been found based on sex and age. In men it manifests often as tiredness, irritability and anger. They may show more reckless behavior and abuse drugs and alcohol. They also tend to not recognize that they are depressed and fail to seek help. In women depression tends to manifest as sadness, worthlessness, and guilt.
Many Burial Insurance companies accepting of this condition that having it is essentially the same as not having it.
Depression and Anxiety Insurance Underwriting
With burial insurance, the carriers will evaluate your overall health in two main approaches:
- Health questions
- Prescription history check (MIB)
Your health question answers and current or previous medications are important to answer honestly. This is how the final expense insurance companies calculate your eligibility.
But Here’s the Kicker…
Certain burial insurance carriers do not require any health questions! These types of life insurance plans are especially uncommon, but we have relationships with all of them. You will hear them referred to by two common names; Guaranteed Issue and Guaranteed Acceptance\
But There is Always a Condition…
When one chooses am insurance plan involving no health questions, they will always incur a two year waiting period. So, if unfortunately, you pass away in the time of the 2 year waiting period, the insurance company refund 110% of your premiums. Also, these plans are cheaper than those involving health questions. Still, that doesn’t amount to much burial coverage for those left behind. The No Health Question isn’t the best option for most people.
Typically, we don’t see burial insurance health questionnaires which inquire about anxiety or depression or related medications.
All burial insurance policies have an underwriting requirement that includes one’s prescription history (MIB). They do this as a way to verify your health status. Let’s say someone treated for HIV recently and did not admit it on the health questionnaire, their MIB prescription history check would prove them wrong.
But Depression and Anxiety medications are viewed differently than, for axample, cancer medication, Those who are on (or have been on) these medications are taking care of themselves and seeking her. Below is a list of common medications to treat anxiety and/or depression: (note: if you or a loved one is taking one of these medications, we can still get you qualified for the lowest rate best burial insurance out there)
Some Medications Commonly Used to TreatAnxiety
- alprazolam (Xanax) panic, generalized anxiety, phobias, social anxiety, OCD
- clonazepam (Klonopin) panic, generalized anxiety, phobias, social anxiety
- diazepam (Valium) generalized anxiety, panic, phobias
- lorazepam (Ativan) generalized anxiety, panic, phobias
- oxazepam (Serax) generalized anxiety, phobias
- chlordiazepoxide (Librium) generalized anxiety, phobias
- propranolol (Inderal) social anxiety
- atenolol (Tenormin) social anxiety
- imipramine (Tofranil) panic, depression, generalized anxiety, PTSD
- desipramine (Norpramin, Pertofrane and others) panic, generalized anxiety, depression, PTSD
- nortriptyline (Aventyl or Pamelor) panic, generalized anxiety, depression, PTSD
- amitriptyline (Elavil) panic, generalized anxiety, depression, PTSD
- doxepin (Sinequan or Adapin) panic, depression
- clomipramine (Anafranil) panic, OCD, depression
- trazodone (Desyrel) depression, generalized anxiety
MONOAMINE OXIDASE INHIBITORS (MAOIs)
- phenelzine (Nardil) panic, OCD, social anxiety, depression, generalized anxiety, PTSD
- tranylcypromine (Parnate) panic, OCD, depression, generalized anxiety, PTSD
SELECTIVE SEROTONIN REUPTAKE INHIBITORS (SSRIs)
- fluoxetine (Prozac) OCD, depression, panic, social anxiety, PTSD, generalized anxiety
- fluvoxamine (Luvox) OCD, depression, panic, social anxiety, PTSD, generalized anxiety
- sertraline (Zoloft) OCD, depression, panic, social anxiety, PTSD, generalized anxiety
- paroxetine (Paxil) OCD, depression, panic, social anxiety, PTSD, generalized anxiety
- escitalopram oxalate (Lexapro) OCD, panic,depression, generalized anxiety, social anxiety, PTSD, generalized anxiety
- citalopram (Celexa) depression, OCD, panic, PTSD, generalized anxiety
SEROTONIN-NOREPINEPHRINE REUPTAKE INHIBITORS (SNRIS)
- venlafaxine (Effexor) panic, OCD, depression, social anxiety, generalized anxiety
- venlafaxine XR (Effexor XR) panic, OCD, depression, social anxiety, generalized anxiety
- duloxetine (Cymbalta) generalized anxiety, social anxiety, panic, OCD
- buspirone (BuSpar) generalized anxiety, OCD, panic
- Valproate (Depakote) panic
- Pregabalin (Lyrica) generalized anxiety disorder
- Gabapentin (Neurontin) generalized anxiety, social anxiety
- Trimipramine (Surmontil)
- Venlafaxine (Effexor XR)
- Vilazodone (Viibryd)
- Vortioxetine (Brintellix)
Some Medications Commonly Used to Treat Depression
- Wellbutrin XL
- Effexor XR
- Wellbutrin SR
How To Find The Best Burial Insurance With Depression and/or Anxiety
Many people often ask us, what defines the best burial insurance? Honestly, if you search online for an answer to this question, you will find a varying answer. It’s quite sad too because the answer is very simple, and it’s not debatable.
The best burial insurance policies have the following characteristics:
- It costs the least and covers you as soon as possible.
- The insurance company has stable financial record.
Given this, the next logical question is, how do you find the best final expense insurance?
To find the best burial insurance with anxiety or depression, you need to work with a highly experienced independent brokerage that represents lots of different insurance companies.
Only an independent agency, like Insurance for Final Expense, can freely shop the market for you to see which insurance company will offer you the best price. Every insurance company has different underwriting which is why it’s important you have free access to all of them. Only an independent agency is able to do this.
In the end, if you have depression or anxiety, we can help you. We have lots of carriers we work with that freely accept applicants with all degrees of depression. We can help you pay the least and get you covered in full on day one of your policy.
If you need help with final expense insurance, it would be our honor to assist you. Please call us at 1-800-400-8319. If you would rather that we call you, just fill out the quote form on this page and a licensed agent will be in touch with you promptly.