Have you ever been so depressed that you’ve attempted to take your own life? Or have you ever been so depressed that you were hospitalized due to the fact that you were seriously considering suicide?
Well if so…
You’ve come to the right place. Because in this article, we’re going to discuss what options you may have available to you when applying for a traditional term or whole life insurance policy.
Now in this article…
We’re not going to discuss what you should do if you’re still having these thoughts or feelings, those types of discussions are best left to the professionals, but what we can tell you is that nearly every week, we speak to someone who 10 or 15 years ago was REALLY depressed. So depressed… that they may have even attempted suicide!
Now why is this important?
It’s important because if you were to have the opportunity to speak to these folks like we do, you would see that even the WORST cases of depression can pass, and that taking one’s life is really a HORRIBLE solution to a temporary problem.
Which is why if…
You find yourself reading this article while simultaneously thinking about attempting suicide, call the National Suicide Prevention Hotline at: 1-800-273-8255, and find the help you deserve!
Now with that being said…
However, if you are no longer considering suicide but are finding it particularly difficult to qualify for a traditional term or whole life insurance policy, we would encourage you to keep reading because we want to help you learn how to best increase your chances at qualify for a great life insurance policy.
With that said…
Let’s being our discussion by taking a look at some of the most important questions insurance companies are going to have when considering your life insurance application.
Suicidal thoughts vs suicide attempt(s), what’s the difference?
Suicidal thoughts can range from fleeting to a regular all-consuming thought. This is just thinking of committing suicide or what it might be like to die. Someone with suicidal thoughts may simply think about dying or they may start to plan it out, having a concrete suicide plan.
People with a suicide plan are more likely to make a suicide attempt. A suicide attempt means that someone has tried to commit suicide, but for some reason they were unsuccessful. The attempt may have been unsuccessful because:
- The means failed (example: you tried to die by overdose, but did not take enough pills)
- You changed your mind at the last minute (example: cut your wrist, but rushed to the hospital on your own)
- Someone intervened (example: You tried to jump, but someone pulled you off the edge)
People who have made one suicide attempt are likely to try again, especially if they do not seek medical help.
Note: This is not meant to be medical advice. This article is strictly about getting life insurance after a suicide attempt. So, when we make “generalizations” please understand that we do so, so that you can have a better understanding of how the “insurance industry” as a whole will likely “view” your life insurance application. Additionally, we would like to remind anyone who is or who has ever been suicidal to please seek medical advice immediately, cause we’re not doctors, we’re just a bunch of life insurance agents!
Qualifying for Life Insurance after a Suicide Attempt.
Imagine you had a suicide attempt as a teenager, but now live a healthy, normal life. You are probably wondering: will this impact my eligibility for a life insurance policy?
No. It will not disqualify you from life insurance. In fact, any single attempt at suicide that happened at least one year ago will not disqualify you. However, it will impact your life insurance rate.
Possible Rate: After a documented suicide attempt, you will only be eligible for a Table A-H rate.
Who will get A and who will get H?
This will likely depend on your other health issues. Were you diagnosed with a specific mental health disorder? If yes, what is it and how are you managing it? Are you suffering from any other physical ailments? Are you a healthy weight? These things will all be factored in when a life insurance company decides if they will give a Table A or Table H rating…or anything in between.
Remember: not all life insurance companies will rate you in the same manner. The truth is, one life insurance company may give you a Table A and another may offer you only a Table H! To find the best rate, call an expert like Just Bury Me!
If you have tried to commit suicide more than one time, even if the last attempt was more than a year ago, you will generally be automatically declined. In fact, you’ll generally not be able to qualify for a traditional term or whole life insurance policy if this is the case.
Life Insurance After Multiple Suicide Attempts
You still have one option: you can get guaranteed issue life insurance even after multiple suicide attempts. In fact, even if you tried to commit suicide today (which, of course we very much hope you did not), you can still qualify.
Remember: guaranteed issue life insurance has some drawbacks, but it’s still a great option if it’s your only option. The major drawback is that guaranteed issue life insurance works on a graded death benefit.
Finding the right life insurance company.
Whether you are applying for life insurance after a single suicide attempt (and thus want term or whole life insurance) or after multiple attempts (and thus are applying for guaranteed issue life insurance) keep in mind that every life insurance company is different. They will each underwrite your policy differently.
Which life insurance company is good after a suicide attempt or suicide attempts?
It’s impossible to tell you in this article which life insurance company is best because there are many things that factor in to your life insurance eligibility and rate – and each life insurance company considers these things differently, and rates people differently.
If you truly want to find the best life insurance company after a suicide attempt…
You need to call InsuranceBrokersUSA today! We can help you find the best life insurance, but we need to get to know you and your circumstance – we need to know what life insurance companies want to know. Then and only then can we help you find great life insurance coverage!