Life Insurance with Anxiety: What You Need to Know

anxiety disorders life insurance

Did you know that anxiety disorders are the most common mental health illness, affecting 31% of adults in the United States at some point in their life?

If you’re one of them, securing life insurance can feel daunting, but following our expert advice will help you get the coverage you need at an affordable rate.

Understanding Anxiety Disorders and Their Impact on Life Insurance

The five main types of anxiety disorders that may affect life insurance underwriting include:

  • Generalized Anxiety Disorder (GAD)
  • Obsessive-Compulsive Disorder (OCD)
  • Panic Disorder
  • Post-Traumatic Stress Disorder (PTSD)
  • Social Anxiety Disorder

We are experienced in helping individuals with anxiety disorders secure life insurance from life insurers who specialize in underwriting mental health conditions.

The Life Insurance Underwriting Process for Anxiety Disorders

Life insurance underwriters assess anxiety disorders based on the following factors:

  • The type of anxiety disorder
  • The severity of the condition
  • Control of your medical condition
  • Compliance with doctors’ orders.

During the underwriting process, life insurers inquire about the following:

  1. What condition were you diagnosed with?
  2. How old were you when diagnosed?
  3. What medications and dosages do you take?
  4. Have you changed meds in the past 12 months?
  5. If yes, what changed?
  6. How often do you visit with your physician?
  7. Have you ever been hospitalized for this condition?
  8. If yes, when and for how long?
  9. Are you currently receiving disability?
  10. If yes, when did disability start?
  11. Is your condition mild, moderate, or severe?
  12. Do you have any other medical conditions?
  13. If yes, what do you have?

If you have co-morbid conditions such as bipolar or depression, it’s important to let us know so we can best advise you.

We work for you, not the life insurance company.

Working with life insurance companies specializing in high-risk life insurance mental health conditions leads to more favorable underwriting outcomes for you.

If you participate in other activities, such as scuba diving or aviation, let us know, as some companies are better than others.


Does anxiety affect life insurance?

Anxiety may affect life insurance, but chances are you are insurable with a number of life insurers at affordable prices.

Can I be denied life insurance due to anxiety?

Most times when you are denied life insurance due to anxiety, it is due to applying to the wrong company. Most people are readily insurable, even at preferred rates!

Does anxiety medication affect life insurance?

While anxiety medication may affect life insurance, underwriters are more concerned with the underlying medical condition.

Navigating Life Insurance by Type of Anxiety Disorder

From an underwriting standpoint, life insurers review the type of anxiety disorder you were diagnosed with and categorize anxiety disorders as mild, moderate, or severe.

In addition, underwriters review factors such as:

Favorable FactorsLess Favorable Factors
More than 12 months since diagnosisLess than 12 months since diagnosis
Taking 1-2 medicationsMore than 2 medications
Compliant with medicationsNon-compliance with medications
Regular follow-up with physiciansSporadic follow-up with physicians
Attends therapy as directedSkips therapy, sporadic sessions
Stable family, work environmentInstability in family, work, etc.
No other psychiatric diagnosisPsychiatric or personality disorders
Single episodemultiple episodes
No suicide ideation or attemptsSuicide ideation or history of attempts

Underwriters will review the severity of your condition, and the number of above favorable/unfavorable factors as part of underwriting.

Generalized Anxiety Disorder (GAD)

With GAD, underwriters look at the anxiety’s severity and your response to medication and/or therapy.

If your condition is mild and you respond well to medications and/or therapy, there is typically little (if any) negative effect on life insurance.

You may even qualify for the best rate classes available.

Underwriters become concerned when the symptoms are more severe.

If your anxiety reaches the point where it causes lost time from work and hospitalizations, if you are not taking your medications or going to therapy, that becomes more difficult in underwriting.

Obsessive Compulsive Disorder (OCD)

With OCD, underwriters look at your medications and therapy compliance.

If your symptoms are controlled, and you have consistent follow-ups with your physician,

The impact on life insurance rates is minimal.

Underwriting becomes concerned when obsessions and compulsions negatively affect your daily activities.

Panic Disorder

During a panic attack, you may have symptoms of:

The severity of your panic attacks determines how it will affect your life insurance rate.

Post-Traumatic Stress Disorder (PTSD)

With PTSD, underwriters look at the underlying cause, current medical condition, and treatment history.

Lost time from work, failure to meet with your physician regularly, or any drug or alcohol abuse history will negatively affect underwriting.

Social Anxiety Disorder

Social phobias may affect life insurance if your current medical condition prevents you from participating in daily activities.

Working with a therapist, taking medications as directed, and improving over time are all helpful.

Final Words

Our specialized knowledge of anxiety disorders and life insurance underwriting can help you navigate the process and find the best coverage options.

All types of life insurance are available, not just overpriced guaranteed issue products. There may be some limitations with life insurance riders or long-term care, but otherwise no limits.

Even if you were previously rated or declined by other life insurance companies.

There is no pressure or obligation with our service. We’ll give you the information you need to make an informed decision.

Please take a few minutes to submit your request today.

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