Does Depression Affect Life Insurance Rates? 
Depression may or may not affect life insurance rates . There are companies that will rate Preferred for persons with mild depression that is controlled by one medication , has been stable for over a year , and for which there has been no associated hospitalization or loss of work due to depression . At the other extreme , policies can be declined if there has been a recent suicide attempt or if the applicant is on disability due to depression . In those cases , there are usually simplified issue policies available , but the rates are higher . To get the best rate , shop with an impaired risk agent that specializes in life insurance for persons who suffer from depression . The last thing someone with depression needs is getting declined for a life insurance policy , or paying way more than they should have to pay . An experienced agent can help you avoid that . 