Life Insurance for Depression
Over 100 Carriers to Quote From. Here are a few of them!
At Diversified Insurance Brokers, we specialize in helping clients with a history of depression find affordable life insurance coverage from our network of over 100 top-rated carriers. With decades of experience in high-risk underwriting, we understand how to present your case to ensure the best possible outcome—whether your depression is mild, moderate, or well-managed with treatment. Many applicants are surprised to learn they can still qualify for competitive rates, and our team is here to guide you every step of the way.
Life Insurance with Depression
If you’re managing depression, it doesn’t mean you’re uninsurable. At Diversified Insurance Brokers, we specialize in helping clients with mental health conditions secure affordable, personalized coverage.
Speak with an expert who understands life insurance considerations for mental health.
How Depression Affects Life Insurance Underwriting
Life insurance companies will review multiple factors when evaluating applicants with depression, including:
- Diagnosis Severity: Mild, moderate, or severe depression.
- Treatment and Medications: Whether you take antidepressants, attend therapy, or have required hospitalization.
- History of Suicide Attempts or Ideation: Recent or past incidents will be reviewed closely.
- Time Since Diagnosis or Last Episode: Longer periods of stability generally result in better offers.
- Other Health Factors: Any coexisting medical conditions or substance use history will be considered.
Who This Coverage Is Best For
- Individuals with mild to moderate depression managed by medication or therapy.
- Applicants with long-term stability and no recent hospitalizations.
- Those who have been declined elsewhere due to mental health history.
- Anyone wanting to protect their family financially regardless of health background.
Typical Life Insurance Outcomes for Depression
- Mild, well-managed cases: May qualify for Standard or even Preferred rates.
- Moderate depression with stability: Often approved with minor table ratings.
- Recent hospitalization or suicide attempt: Coverage is possible, but usually after a waiting period and at higher ratings.
Every situation is unique, and we match your profile with the carriers most likely to approve your application favorably.
Why Work With Diversified Insurance Brokers
- Access to 100+ A-rated carriers: More options mean better rates and approval odds.
- High-risk underwriting expertise: We know which companies are most flexible with mental health conditions.
- Confidential service: Your information is secure and handled with care.
- Tailored solutions: Term, whole, and universal life options to fit your needs and budget.
Example Case
A 42-year-old woman with moderate depression, stable for 3 years on medication, was previously declined for a $250,000 term policy. We matched her with a carrier experienced in mental health underwriting and secured the coverage at a Standard rate—saving her more than $500 annually compared to prior offers.
Take the next step: Complete our secure depression life insurance request form and let us find your best options.
FAQs: Life Insurance for Depression
Can I still get life insurance if I have depression?
Yes—having depression does not automatically disqualify you. Your chances and rates depend on how severe it is, how well it’s managed, and whether there are complicating factors.
What do insurers look at when underwriting depression?
They review symptom severity (mild, moderate, or severe), type of treatment (therapy, medication, hospitalization), any history of suicide attempts or ideation, length of time since diagnosis or last episode, and any coexisting health or substance use issues.
How does stability or time since last episode help?
Long periods of stability, no recent hospitalizations or episodes, and consistent, ongoing treatment all improve your underwriting result. The longer you’ve been stable, generally the better offers you may receive.
What rating outcomes are typical for depression cases?
Mild, well-managed depression may qualify for standard or even preferred rates. Moderate cases often face small rating tables. More serious cases (recent hospitalization or suicide history) may require waiting periods and higher premium ratings.
Which applicants tend to get the best offers?
People with mild-to-moderate depression who are stable on treatment, have not had recent major episodes, have good overall health, and have no serious coexisting conditions tend to receive the most favorable terms.
Why work with Diversified Insurance Brokers for depression cases?
We specialize in high-risk underwriting, have access to over 100 carriers, and know which insurers are more flexible with mental health. We work to present your case with the strongest possible application to get you a better offer.
Diversified Insurance Brokers specializes in helping high-risk applicants secure coverage, even after serious health conditions.
