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I'm wondering if having depression can impact my ability to get life insurance. Can anyone share their experiences or knowledge about this?
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Yes, depression can affect life insurance eligibility. Insurance companies may consider an individual's history of depression when determining their eligibility for life insurance coverage. The impact of depression on life insurance eligibility can vary depending on factors such as the severity of the condition, treatment history, and overall health. Individuals with a history of depression may still be able to obtain life insurance, but they may face higher premiums or be subject to certain limitations or exclusions related to mental health coverage. It's important to disclose any history of depression or mental health treatment when applying for life insurance, as failure to do so could result in the denial of a claim in the future. Seeking guidance from an insurance professional or mental health advocate can provide valuable insight into navigating the life insurance application process with a history of depression.
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