Best Life Insurance Companies That Offer Life Insurance for People With Anxiety (2021)

Finding affordable life insurance companies that offer life insurance for people with anxiety can prove difficult, especially if your anxiety disorder keeps you from working or affects you severely. However, when it comes to life insurance and anxiety, having anxiety doesn't always mean your rates will be higher especially if your anxiety is being managed. Some of the best life insurance companies for people living with anxiety are AIG, Mutual of Omaha, and Lincoln Financial.

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Nov 18, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Overview

  • Some of the best life insurance companies for people with anxiety are AIG, Mutual of Omaha, and Lincoln Financial
  • Your life insurance rates may be higher if you have an anxiety disorder
  • With life insurance for anxiety, the best policy options are guaranteed issue life insurance and no-exam term life insurance

Can you get life insurance with anxiety if your anxiety is severe? And does insurance cover anxiety medication? If you have an anxiety disorder, you may have trouble finding affordable coverage.

Although some life insurance companies have policy options available for people with anxiety, there are many life insurance companies that don’t offer life insurance for people with anxiety.

For life insurance companies that offer life insurance for people with anxiety, you may be classified as high-risk. If this happens, your monthly rates will likely be higher than average.

While it can be difficult to find affordable high-risk life insurance, there are some life insurance companies that offer affordable life insurance for people with anxiety.

Keep reading for all the information you need to know before you buy life insurance from companies that offer life insurance for people with anxiety.

Looking for the best rates from life insurance companies that offer life insurance for people with anxiety? Enter your ZIP code to get free quotes from the best companies in your area.

What are the best life insurance companies for people with anxiety?

Because people with anxiety are often classified as high-risk, your life insurance rates may be higher if you have an anxiety disorder.

However, some life insurance companies offer policies with high coverage and low rates for people with anxiety.

Some of the best companies for people living with anxiety include AIG, Mutual of Omaha, and Lincoln Financial.

AIG

AIG is one of the best and most affordable life insurance companies for people living with anxiety. AIG offers coverage for up to 2 anxiety-related medications and a guaranteed issue life insurance option.

Buying guaranteed issue life insurance from AIG means that you won’t have to answer any health questions or take a health exam. This way, you are guaranteed a policy and your anxiety won’t affect your rates.

A 50-year-old female buying a policy with $5,000 in coverage can pay as little as $20 a month, making AIG an affordable option for those with anxiety.

Although AIG has very low rates, guaranteed issue life insurance tends to be more expensive than the average policy and doesn’t offer very much coverage, so this option may only be necessary if your anxiety makes it difficult to find coverage elsewhere.

Mutual of Omaha

Mutual of Omaha offers guaranteed issue life insurance with automatic acceptance regardless of your health status.

This means that even if you have been denied coverage before because of your health, the medications you take, or recent hospitalization, you will still be able to get coverage.

Guaranteed issue life insurance is generally a very expensive option, but Mutual of Omaha has some of the lowest rates available.

For example, a 50-year-old female purchasing a $5,000 coverage policy could pay as little as $15.50 a month.

Mutual of Omaha has guaranteed issue life insurance policies available for anyone between the ages of 45 to 85 and has also received an A.M. Best rating of A+.

Lincoln Financial

Lincoln Financial offers a term life insurance policy called TermAccel that doesn’t require a medical exam.

This is especially helpful for people who want all of the no-exam benefits of a guaranteed issue life insurance policy without having to commit to whole life insurance.

With a no-exam term life insurance policy from Lincoln Financial, you can have personalized temporary coverage with the added benefit of lower rates.

No-exam term life insurance rates are often cheaper than guaranteed issue life insurance rates.

Guaranteed issue life insurance also offers lower coverage amounts, so TermAccel from Lincoln Financial may be a good fit for people looking for a more affordable high-coverage policy.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption

Can you be denied coverage because of anxiety?

You can be denied life insurance if you have anxiety, particularly if you are classified as a high-risk individual.

However, there are still quite a few life insurance companies that do have coverage options available for people with anxiety.

While some life insurance companies will deny you coverage if you have anxiety, this is usually in cases where you have been recently hospitalized for an anxiety disorder, cannot work because of your anxiety, or take multiple medications to manage your anxiety.

In these cases, finding coverage can prove difficult.

Does anxiety affect life insurance rates?

The average life insurance rates are $26 a month.

However, people with anxiety may pay more for life insurance depending on a number of factors including the severity of their anxiety and whether or not they’re taking any medication for their anxiety.

Your life insurance rates will also depend on what type of policy you buy.

For example, guaranteed issue life insurance is one of the most common options available for people who have been denied coverage because of their health since you don’t have to take a medical exam or answer any health questions to qualify.

Guaranteed issue life insurance tends to be more expensive than the average life insurance policy, but your rates will depend on your age and sex.

Males tend to pay more for life insurance and coverage can get more expensive as you age.

Ready to buy life insurance? Enter your ZIP code to get free quotes from life insurance companies that offer life insurance for people with anxiety in your area.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption