Anxiety Insurance Questions & Answers

How do life insurance underwriters view individuals who have Anxiety?

How an underwriter will rate a person who has anxiety will vary according to the degree of impairment caused by the disorder. The extent of the condition will be rated as being mild, moderate or severe and this is the most important factor in finding life insurance for people with anxiety.

Many individuals suffer from a variety of anxiety disorder. Those who have their impairment rated as mild and under control will likely be viewed favorably by a life insurance underwriter.

This form of medical condition can often be regulated by one or more medication. From an underwriting perspective, a medical exam will most likely be required and additional medical information obtained from the attending doctor or psychiatrist before the person is rated.

Some of the more common underwriting issues include:

• Determining when the condition was diagnosed
• Establishing whether the condition is mild, moderate or severe
• Whether you are taking one or more medications
• How often you are being seen by a doctor for the condition
• If you are receiving treatment by a psychiatrist
• Knowing if have had to be hospitalized because of the anxiety condition
• Whether you have had thoughts of suicide

The more severe the condition – the greater the risk of issuing a policy.

What is an Anxiety?

Anxiety is a psychological condition which results in persistent worry, and can result in other symptoms such as confusion, poor concentration and depression. It can result in effects ranging from a mild to a severe influence on a person’s lifestyle, and can impact how they function in their day-to-day activities.

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Anxiety is a catch-all term for a variety of related disorders such as generalized anxiety, panic disorder or phobias. The condition is very treatable with a variety of one or more medications, and may require treatment and monitoring by a physician, psychiatrist, or may even result in hospitalization in more severe cases.

Some individuals may require ongoing therapy in conjunction with taking medication. The condition may be resolved or be persistent. Anxiety can also cause depression, sleep disorders, loss of appetite, and withdrawal from social activities and in more severe cases it can result in thoughts of suicide.

Finding life Insurance with an Anxiety

Finding life insurance for people with anxiety will depend on the severity in the degree of the impairment. How a life insurance company rates individuals with these types of condition can vary quite significantly because some life insurance companies are much more lenient than other companies.

For those people who have a mild case of anxiety which is well under control, finding a policy at a good rating and inexpensive premium should be relatively easy. However, it does pay to shop around because some companies will not only give a person a better rating but they can also offer the person a much more competitive premium.