Burial Insurance & Depression Ultimate Guide 2022

Quick Tip: To see instant pricing for coverage for burial insurance depression, fill out the form to your right.

Many people think because they have a mental illness like depression this means they’ll end up paying higher premiums or get stuck in a waiting period for a policy or be flat out denied.

Were here to tell you this is not true! Affordable burial insurance is obtainable regardless of your mental health condition. We specialize in burial insurance depression.

So whether you have Bipolar Disorder, Depression or anxiety. You can qualify for life insurance for final expenses. These burial insurance companies do not require a medical exam and you can be approved in minutes, not days or weeks!

With their simplified process they just simply look at your medical history and assess your rate class according to your health issues and approval is done very quickly.

Have you been Denied Life Insurance due to Depression?

There are many insurance carriers who will deny people with depression. This was very prominent in the past in the old days a lot of carriers would look at your medical record and prescriptions even if there was one suicide attempt from over 30 years ago this could’ve resulted in a denial by the carrier in conjunction with your prescription history.

Now, most burial insurance carriers will not even ask about depression on their application! If the carrier does not ask the question on their application then this means they will accept that certain condition. The reason being is because simplified issue plans have made attaining coverage for individuals a much easier process.

This burial insurance for depression is designed with peoples medical conditions in mind.

So if you have been denied life insurance due to depression in the past and are worried about the financial burden of your final expenses being left on your family there is hope.

Our clients ask us common questions like:

“Do you have to disclose depression to life insurance?”

If the question is not on the application then no you do not have to disclose it.

Best Life Insurance Coverage for Depression?

If you have depression we can get you approved for level day one coverage with no waiting period.

Acceptable Conditions Include:

  1. Mild Depression – As long as it is controlled and no hospitalizations in the last 2 years
  2. Moderate Depression – Usually for clients with more than 1 prescription medication and treatment
  3. Major Depression – Includes hospitalization and possible previous suicide attempts
  4. Clinical Depression – Typically results in disability

Many of the carriers we work with do not ask about any of these conditions at all, making it very possible to obtain level day one coverage.

Life Insurance we do not Recommend for Depression

If you are looking for burial insurance for final expenses to protect your loved ones from the burden of your burial expenses then we do not recommend these types of life insurance.

Term Life

We do not recommend term based on the fact that:

The premiums increase when the policy is renewed they are not locked in.

They do full underwriting and look at everything from prescriptions to medications and will send medical professionals out to perform medical exams and blood test’s to see if you are approved.

They will take weeks to inform you if you have been approved or denied.

TV Advertising

You will see products marketed as burial insurance such as term and policies that may have increasing premiums as well as face amounts that decrease over time.

The most important questions to ask are:

Do the premiums ever go up?

Does the death benefit ever go down?

If a policy has premiums that increase or the face amount decreases, we do not recommend them as sufficient burial insurance.

Also, policies advertised as “no health questions asked.” This is guaranteed issue coverage being marketed which has a 2 year waiting period for death benefits.

Best Life Insurance Companies for Depression

We work with the top burial insurance companies in the United States to help our clients from a wide range of health backgrounds secure the best coverage at the best rate for them and their families.

Our Top Carriers for Depression:

Royal Neighbors of America

Liberty Bankers Life

Greek Catholic Union

Prosperity Life

Guarantee Trust Life

Great Western

Each carrier maintains an A rating and has been in business for over 60 plus years.

Their policies have a rate lock meaning your premiums never increase.

The death benefit on their policies will never go down.

Many of these carriers also offer extra riders attached to their policies such as:

Accelerated Living Benefits:

A rider that will allow you to withdraw from the face amount of your policy early if you become diagnosed with a terminal illness. This can help with hospital bills and even experimental treatments normal health insurance may not cover.

Accelerated Death & Dismemberment:

Additional coverage if you pass away from an accident or accidental loss of limbs.

These companies simply look at your Medical Information Bureau health report and prescriptions at the time of qualifying using your Social Security Number.

Acceptable Medications would Include:

Zoloft

Paxil

Prozac

Celexa

Effexor

Pristiq

Cymbalta

Pamelor

Elavil

Tofranil

Nardil

Parnate

Marplan

How to apply for Life Insurance for Depression?

Applying for life insurance is very simple. Fill out the form to your right and at that point, one of our licensed agents will reach out to you via phone call and confirm some basic information and field underwrite you for your health rate class. At that point, they will confirm the amount of coverage applied for and begin the enrollment process.

There are two different ways to enroll depending on the carrier selected:

Voice Signature – This is done with you and the agent or you, the agent, and the insurance company.

E-mail Signature – This is done with you and the agent, the agent sends you an email with a Docusign link that you can access and sign for your application.

You will know right then and there if you have approval from the carrier. This can all be done in 30 minutes or less.

Fill out the form to your right to begin the process.

ParamountQuote Can Help

We are national and independent we do not work for the insurance companies we work for YOU. We make sure you achieve your vision of your family’s financial status when you pass away. With our advanced training and placement, we guarantee the best coverage and best rate.

We will hold your hand through every step and build a long-lasting relationship with you and your family.

We specialize in burial insurance because we are passionate about helping our clients leave their final gift for their families. It is the final way to show just how much you really cared.

Talk with us for 5 minutes and you will be a client for life!

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