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Post Traumatic Stress Disorder Life Insurance

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Post Traumatic Stress Disorder & Life Insurance

If you are suffering from post-traumatic stress disorder (PTSD) then you are not alone. Many members of the armed forces – and civilians – are suffering from post-traumatic stress disorder.

It’s estimated that over 7% of Americans will experience PTSD at some point in their lives, with over 5.2 million experiencing the trauma annually.

Post-traumatic stress disorder is caused by your mind, body and nervous system’s reaction to witnessing or experiencing a traumatic event.

This can be a natural disaster, assault, a serious accident, witnessing sudden death, war or other life-threatening events.

PTSD can occur in anyone, and women are twice as likely to develop it as men.

The side-effects of PTSD can affect many aspects of an individual’s relationships, as well as his or her ability to obtain life insurance coverage.

This is because some life insurance carriers view PTSD as high risk.

Unfortunately, the fear of being declined or paying high premiums leaves military members and veterans unprotected.

Life Insurance with PTSD – Risks

As with any medical condition, PTSD makes it more difficult to obtain a life insurance policy with good rates. When a client with PTSD applies for life insurance coverage, he or she is frequently met with unreasonably expensive rates or is declined due to their risk.

PTSD frequently leads to other mental side effects, such as severe emotional or physical distress, frequently reliving the event, changes in behavior or mood. The changes in mood are similar to that of depression: trouble sleeping, lack of interest in activities, hopelessness, changes in close relationships and even thoughts of suicide.

The US Department of Veteran Affair estimates that there is a correlate between PTSD and suicide rates, particularly the mental side effects of PTSD.

The physical side effects of PTSD are also troubling to underwriters: high stress levels, weight gain, weight loss and side effects from coping mechanisms such as drugs or alcohol can all mean red flags to an insurance carrier.

Facing declines and high premiums can be discouraging, but it is important to know that you and your family have a number of life insurance options available to you, even if you have post-traumatic stress disorder.

Finding Your Perfect Policy

Our Gold Coast agents know that affordable PTSD life insurance coverage is not a privilege, but a right. We believe that active duty military, veterans and non-military members suffering from post-traumatic stress disorder deserve to have their loved ones and their assets protected.

Our agents are familiar with the horrors of PTSD and work with our clients to present their risk favourably to underwriters and carriers who offer post-traumatic stress disorder life insurance.

Life Insurance for Veterans with PTSD

Frequently, for military applicants with a history of PTSD, SGLI, or service member’s group life insurance is pointed to as the best coverage option. It protects you and your family while you are active, and can be converted to VGLI – or veteran’s group life insurance once you are no longer active in the military.

The downside to these types of coverage is that most families may find that they have reached the maximum on their benefits or that they would like coverage with better rates.

We can help you with your ptsd life insurance

Our agents can replace your old policy with a less expensive alternative – with better death benefits. We know that the best way for you to find the best life insurance for veterans with ptsd coverage is to apply to a multitude of insurance carriers. This allows you to compare rates and to find the carrier with the most competitive rates for PTSD policies.

Because our network is so extensive, we are able to quickly and easily compare rates for you. Our agents are constantly researching and updating the information in our network, staying up-to-date on which carriers offer the best rates for individuals with post traumatic stress disorder. We use our knowledge to your advantage, and always find the best rates.

Talk To an Agent about Life Insurance with PTSD

Before we begin shopping for a life insurance policy, we – like underwriters – will need to know your complete history with PTSD. This allows us to present an accurate and favourable application to the carrier, effectively minimizing your risk.

We know what questions the underwriters will ask you, and we know that the key to getting the right coverage is to ask the right questions. Here’s a bit about what our agents will need to know:

Has your PTSD negatively impacted your work?

When were you diagnosed?

Have you developed psychological or neurological conditions as a result of PTSD, such as anxiety or depression?

Which medications/treatments have you been prescribed?

Do you regularly follow your treatment plan or take your medications?

What additional methods of dealing with PTSD are being used? *These can be natural or alternative and can include therapy, yoga, meditation, etc)

Have you attempted suicide?

Are you experiencing any suicidal thoughts?

Are you self-medication with drugs, alcohol or reckless behaviour?

Are you currently – or have you previously – collected government or private disability benefits?

These questions may seem daunting, but by emphasizing the positive, we can find you an insurance policy to suit your needs. For example: gainful employment or a decrease in the prescribed dosage of medicine can lower your risk significantly.

By highlighting the benefits of taking you on as a client, we are able to favourably present you as a candidate for coverage and earn you good rates.

You have another advantage when applying for life insurance with PTSD: many companies disagree about what makes a client high risk.

This means that what may seem risky to one carrier will not be a risk to another. Because we know how carriers view risk, we are able to take the hassle out of comparing your options.

Life Insurance to suit you needs

These questions may seem daunting, but by emphasizing the positive, we can find you an insurance policy to suit your needs. For example: gainful employment or a decrease in the prescribed dosage of medicine can lower your risk significantly.

By highlighting the benefits of taking you on as a client, we are able to favorably present you as a candidate for coverage and earn you good rates.

You have another advantage when applying for life insurance with PTSD: many companies disagree about what makes a client high risk. This means that what may seem risky to one carrier will not be a risk to another. Because we know how carriers view risk, we are able to take the hassle out of comparing your options.

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You are not and should not be defined by your PTSD

We understand that it can be difficult to look past the trauma and sadness of dealing with post-traumatic stress. For us, finding you the best policy is all about finding you a carrier who sees past your condition and sees you as an individual.

We know that post-traumatic stress disorder impacts every aspect of your life and we believe it should not impact your ability to find affordable life insurance. There is a coverage option out there for every individual – even if you have PTSD.

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