Hi all we are Jeanna and Natasha from Quotacy, an online life insurance agency where you can get life insurance on your terms.
At Quotacy, our goal is simple: To make it easy for everyone to buy life insurance to protect their loved ones.
Today we talk about anxiety and the impact it has on the life insurance purchasing process.
The good news is only because you have been diagnosed with anxiety or have a history. of panic attacks does not mean that you are automatically rejected for life insurance.
Anxiety disorders are very common in the United States. If you have anxiety and are looking for life insurance, you know you are not alone. Here at Quotacy, our agents often work with clients who have been diagnosed with anxiety.
Anxiety is a term often used to describe a wide range of emotional and stress-induced symptoms. Since there are many disorders that fall under the umbrella of anxiety, it is important to mention that life insurance companies would evaluate your unique situation on a case-by-case basis. The life insurance company reviews many things, such as the information you provided in your application, your medical records and the family's health history to determine what type of risk you are for them to insure.
The cost of your life insurance will be based on this risk class they offer you and each life insurance company evaluates anxiety a little differently.
Because anxiety diagnoses are unique, we can not only tell you if you are approved or not and in what risk class. To find out if you can be approved for life insurance and what it would cost, you need to apply. Life insurance quote tools online can not give you 1
To get the best price possible, work with an independent broker like Quotacy. We are not affiliated with an insurance company and can shop on the market to find the insurance that best suits your needs and budget. insurance through Quotacy and you tick Yes for anxiety, you see that further questions arise.
By answering these questions as honestly and with as much detail as possible, your dedicated Quotacy agent will be able to set realistic expectations in advance regarding the cost of life insurance.
The details of your anxiety condition will affect the price of your life insurance policy. The drug and treatment plan also has a strong impact.
Case Studies on Anxiety and Life Insurance
Here are some real-life examples to help illustrate how different everyone's situation is and the variation between insurance companies' offerings.
Here we have a 19-year-old non-smoking female client. She applied for a $ 250,000 30-year policy. She has general anxiety and occasional panic attacks resulting from stress due to the death of a family member. As treatment, she was prescribed medication.
When her Quotacy agent anonymously brought her case to the various insurance companies we work with, her pricing ranged between $ 18 and $ 27 per month based on the risk classes that the carriers were willing to offer her.
Here we have a 52 year old smoke free male client. He applied for a $ 500,000 20-year term. He has general anxiety and a history of panic attacks. He previously had a nervous breakdown due to stress at work. For treatment he received medicine and he went to therapy.
When his Quotacy agent anonymously brought his case to the various insurance companies we work with, his pricing ranged from $ 170 to $ 290 per month based on the risk class that the carriers were willing to offer him. Some carriers even reduced coverage.
Here we have a 41 year old non-smoking female client. She applied for a $ 250,000 20-year term. She has general anxiety and her life insurance medical examination also revealed that she had mildly elevated liver enzymes. She was prescribed medication to treat her anxiety.
When her Quotacy agent anonymously brought her case to the various companies we work with, her pricing ranged from $ 21 to $ 45 per month based on the risk classes that the carriers were willing to offer her.
These examples show that having anxiety does not correspond to identical life insurance results. Each diagnosis is unique and evaluated as such. If you and a friend have both been diagnosed with anxiety and both are applying for life insurance, chances are you will get very different offers depending on your symptoms, treatment plans and overall history.
Another reason why you and your friend would get different offers is because life insurance companies all have different guidelines that they follow when evaluating certain factors. If you apply for life insurance with a carrier that is very strict with anxiety, you will pay higher premiums than if you went with a carrier that is more favorable.
That's why you can work with Quotacy. Your agent will anonymously trade information about your case with all the highest ranked life insurance companies we work with and match you with the company that gives you the best offer.
As we mentioned earlier, everyone's situation is unique. To determine how much life insurance would cost you, simply apply through our website and we will work with you to find the best operator.
When you apply via Quotacy, it works:
First select an insurance policy and complete your online application. Then your dedicated Quotacy agent will introduce himself and, if necessary, ask some follow-up questions about your anxiety via e-mail. This is to ensure that we have a clear understanding of your unique situation so that we can set realistic expectations in advance. It is important to mention that we are on your side so the more we know the better we can help you.
From there, your agent sends all the information you have provided to our research team with over 30 years of experience. review and take out life insurance applications. If our research team believes that an insurance company other than the one you chose online will give you a better price, your agent will present you with some options. The choice to either stay with your original choice or change is 100% up to you. We just want to be completely open to your options. Whatever you decide, your agent is your lawyer and will keep you updated every step of the way through the process.
If there is one company out there that shows you a cheaper price than what your Quotacy agent can find, the other company is probably just showing you a price at best and not taking your anxiety into account properly. There are no coupons or promotional codes when it comes to life insurance. Everything is very tightly regulated.
To find out how much life insurance would cost you, go to Quotacy.com, run a quote and apply directly online. It takes less than five minutes and there is no obligation to buy.
If you are not happy with the life insurance policy, Quotacy finds that you can leave. There is no cost to apply for life insurance, no fee to interrupt the process and no hard feelings.
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