Life insurance policies & depression: 3 common questions answered

Life insurance policies & depression: 3 common questions answered
Published Thursday, May. 27, 2021, 6:46 pm
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Living with depression is one of the most difficult challenges a person can face. Even though there are good and bad days, a person who is diagnosed with one of the depressive disorders in the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition (DSM-5) could face higher life insurance premiums. But if they’re married and have children, they need coverage and shouldn’t suffer more financially because of their mental health. To get the best deal, it’s best to research how having depression can impact your life insurance rates.

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